Fundraising

The list includes vehicles from Lexington Partners, Blackstone and Landmark Partners as the fundraising environment heats up.

Ashbridge Transformational Secondaries Fund II is targeting $3.5bn to invest in complex deals, with single-asset restructurings a key focus.

The Strategic Partners unit is also in market with its debut GP-leds-focused vehicle.

The Canadian growth investor is raising a fund to reinvest in its best assets, having used a GP-led deal to buy out select LPs and co-investors.

‘Are we smart financiers or do we really get into the technology? No, we’re psychologists’, managing partner Hugh Stewart tells Secondaries Investor.

The California firm, founded by StepStone’s former secondaries head, targets ‘buyer-driven’ secondaries deals in the tech, healthcare and consumer sectors.

Global Secondary Fund 7 launched at the beginning of this year with a focus on buyout and growth equity funds.

North American GP-led-focused New 2ND Capital Fund II has raised nearly twice the amount raised for its 2018-vintage predecessor.

Select Opportunities Fund II has raised $1.25bn to invest in ‘recapitalisations of high-performing TA portfolio companies’, the growth investor says.

The fund makes primary, secondaries and direct co-investments in funds and businesses ‘with a clear focus on environmental impact’.