Fundraising

Coller Secondaries Private Equity Opportunities Fund will be seeded with over $300m from the firm and other institutional investors.

The final close of TPG GP Solutions will be one of the key pillars driving the firm’s growth in 2024, CEO Jon Winkelried said in its latest earnings call.

The RMB fund targets Chinese LPs and aims to hold its first close this year.

The firm also closed on $1.5bn and $900m for its latest VC and real estate secondaries vehicles, respectively.

Lexington Partners, Strategic Partners and Goldman Sachs Asset Management played a pivotal role in driving fundraising in the secondaries space last year.

The firm’s sixth secondaries flagship will be ‘meaningfully’ larger than its predecessor fund, according co-CEO Erik Hirsch.

Panelists say fundraising growth can boost bidders and cut pricing spreads.

The firm raised $945m across its secondaries and carbon strategies in 2023.

The amount of capital raised for the strategy last year eclipsed the previous $101bn record set in 2020, data from Secondaries Investor shows.

The Blackstone unit previously raised $3.75bn for its third programme focusing on the asset class.