Fundraising

The strategy, which will focus on providing strategic capital to lower-mid- and mid-market buyout GPs for add-ons, was launched in 2022.

The New York Life subsidiary has raised more capital for its latest secondaries flagship than it did for the predecessor fund, according to regulatory filings.

ACP Secondaries 5 is already around 60% deployed and the firm is seeking to capitalise on a lack of liquidity in the underlying private equity market, global chief executive José Luis Molina tells Secondaries Investor.

CVC Secondary Partners doubled its secondaries deployment year-over-year in 2024, according to its full-year activity update.

Secondaries was among strategies with the most acceleration driving Carlyle’s deployment pace last year, CFO John Redett says on an earnings call.

The fund will be split between fund investments and transactions, with 75% of the latter proportion going to secondaries deals.

StepStone Real Estate Partners V will focus on GP- and LP-led real estate deals in the US.

LTO Fund IV beat its target by 28% and raised capital from both institutional and private wealth investors.

Blackstone expects to hold a final close for Strategic Partners Infrastructure IV in the first quarter of this year, according to pension fund documents.

Strategic Partners will soon begin fundraising for the successor to Strategic Partners Fund IX, which closed on $22.2bn in January 2023.