Fundraising

The GP-led and special situations-focused manager had raised around one-quarter of its target as of mid-May.

The niche secondaries firm is seeking $450m for Glouston Private Equity Opportunities VII.

Hamilton Lane Secondary Fund VI launched in 2021 with a $5bn target and is more than 40% larger than its predecessor.

Longstanding LP relationships and market dynamics helped the firm raise the biggest pool of capital for venture secondaries, according to partner John Avirett.

Crown Secondaries Special Opportunities III has closed on $3bn ahead of its $2.5bn target.

Predecessor vehicle Fund IV is over 75% invested and has a TVPI of 1.5x, according to documents prepared for a US state investor.

Details of 21 secondaries funds, including those by AlpInvest Partners, BlackRock and Coller Capital, have been disclosed in documents prepared for a US pension.

GSCE VI launched in 2022 and is seeking a slight step up from the amount raised by its predecessor.

Dover Street XI is already 46% larger than its predecessor, which closed on $8.1bn in 2020.

Public Investment Fund is an LP in Ardian’s predecessor vehicle, which closed on $14bn in 2020 ahead of its $12bn target.