Fundraising

This is the Californian pension fund’s first real estate secondaries commitment and first investment with the Swiss firm.

The Norwegian secondaries firm has launched a strategy targeting direct control positions in larger Nordic companies, according to managing partner Bjarne Lie.

The fund has surpassed its $1bn target and is on the way to being the largest real assets secondaries fund ever raised.

The fund is targeting primary fund investments, secondaries and direct co-investments in Europe, Asia and emerging markets.

The firm is targeting blue-chip buyout funds in South Africa and the sub-Saharan region, with a first close expected in June.

The fund, which closed above its $200m target, will invest in small fund interests and structured deals.

PineBridge Secondary Partners IV closed above its $500m target and will focus on small- to mid-sized globally diversified deals.

LPs from Canada, Norway and Benelux are all expecting to raise their deployment to secondaries, according to research by Rede Partners.

The private equity firm has already raised around half the target of Bridge No.5-B Private Equity Secondary Investment Fund, Secondaries Investor has learned.