Fundraising

Strategic Equity V is already larger than its $5.3bn predecessor, according to chief investment officer and chief executive Beno​ît Durteste.

The investment arm of global wealth manager will mainly focus on mid- and large-cap assets via its sophomore fund.

Money continues to flow into what many say is the most undercapitalised corner of private markets.

Headway has raised €627m for its latest flagship Headway Investment Partners V, surpassing its €500m target.

The momentum on Fund VIII, which is targeting north of $10bn, is aiding its private equity secondaries vehicle targeting private wealth investors, according to chief executive Harvey Schwartz.

The venture secondaries firm plans to use equity investments and structured financings, and will deploy capital via GP- and LP-facing transactions.

Capital raising for private equity secondaries strategies plummeted 77% year-on-year for the three months to end-March, according to PEI data.

Head of secondaries Cari Lodge tells Secondaries Investor about deployment plans for the firm’s fourth secondaries vehicle, which closed on $1.1bn earlier this month.

The vehicle is targeting €1bn to focus on LP- and GP-led transactions as well as select co-investment opportunities.

Manulife Investment Management has held the final close for its debut vehicle, private equity-focused Manulife Strategic Secondaries Fund.