Fundraising

The firm has launched its third secondaries vehicle, Japan Private Equity Opportunity 2024.

W-Prime VI’s target is more than double the amount the direct secondaries specialist raised for its predecessor vehicle.

The office is the firm’s 10th globally and will initially focus on investor relations functions.

Opportuna has raised capital from Infinitas Capital and high-net-worth individuals and will focus on tech and climate tech companies.

The vehicle, which will commit to infrastructure secondaries as well as direct infra deals, will target investors globally, Secondaries Investor understands.

LGT Capital Partners’ latest vehicle launched in 2022 and had collected $4.38bn as of January.

The niche secondaries firm opted to stick to a tight timeline given difficult fundraising conditions in order to focus on deployment, according to partner Stephane Chevrier.

Lexington Capital Partners X, the firm’s latest main secondaries fund, smashed its $15bn target to collect $22.7bn last year.

The listed alternatives firm is ‘progressing’ on the launch of both a private equity and a secondaries semi-liquid fund next year.

One in three private equity funds missed their fundraising targets in H1 2024, compared with 4% of secondaries funds.