Fundraising

The secondaries giant is speaking to investors about its 10th flagship fund less than 16 months after having amassed $14bn for its latest vehicle.

The fundraise is part of total capital commitments of $1.5bn across the most recent series in the firm’s family of funds.

The $91bn Brookfield Infrastructure Group plans to seed capital to support a third-party fundraise.

The fundraising haul includes $1.5bn for a dedicated single and concentrated asset vehicle.

‘If you go out five or six years, I think the secondaries market could easily double in size,’ managing director Cari Lodge told Secondaries Investor in September.

The vehicle will launch ‘imminently’ and be led by partners Michael Schad, Ed Goldstein and Martins Marnauza, Secondaries Investor has learned.

The secondaries firm was acquired by Ares Management in March and is targeting north of $10bn by 2022.

Portfolio Advisors Secondary Fund IV has a hard-cap of $2.25bn and is being raised alongside a dedicated GP-led secondaries vehicle.

The 10 secondaries funds to hold final close in the quarter accounted for the third-highest Q1 total on record.

The vehicle can invest in secondaries and co-investments, according to founding partner of Altamar Infraestructuras Ignacio Antoñanzas,