Fundraising

Citizens group asks Minnesota to review Landmark relationship

Community organisers cited the secondaries firm’s 2019 investment in Pretium Partners, whose portfolio company HavenBrook is facing scrutiny.

Lexington Partners: Transaction volumes could hit $110bn

The firm’s outlook and performance were outlined in documents obtained from the Minnesota State Board of Investment.

Landmark targets $3.5bn for real estate secondaries

Landmark Real Estate Partners IX would overtake its 2018-vintage predecessor as the largest secondaries fund raised in the asset class.

RCP sets $650m hard-cap for fourth fund

The lower mid-market firm was targeting $150m for an overage fund to take advantage of opportunities brought about covid-19.

Ares uses Landmark platform to launch 40 Act fund

The fund targeted at non-institutional investors can invest in the full range of secondaries deals and on a primary and direct basis.

Neuberger tallies $2.1bn for latest secondaries effort

The investment firm is closing in on the $3bn target of its fifth flagship programme.

Mill Reef closes debut fund on hard-cap

The firm, founded by the former head of secondaries at Schroder Adveq, focuses on small, complex secondaries deals in Europe.

Ardian’s secondaries deployment activity dropped in 2020

The secondaries giant’s deployment fell 65% during the pandemic despite closing the largest secondaries capital pool on record.

Mubadala builds third-party capital with BlackRock process

The asset management arm of Abu Dhabi’s second-largest SWF has sold a portfolio of assets to a group led by BlackRock and received a $400m primary commitment.

Blue Owl to raise secondaries, co-investment funds

The funds will complement the GP stakes business, which co-president Michael Rees called ‘one of the most underpenetrated spaces in all of alternatives’.