North America

The process comes three years after Onex first moved the tax services provider into a single-asset continuation fund.

Fund IV, which is targeting $1.25bn, has recently been activated and has closed on its first deal, Secondaries Investor has learned.

Examiners ask about funds by name in opening requests. Enforcement has picked up the scent, too, affiliate title Private Funds CFO has learned.

Blue Owl has acquired a passive stake in the tail-end specialist, which will ‘ultimately represent’ approximately 25% of the economic interests of the firm.

Four of the firm’s cornerstone evergreen products are heavily weighted to secondaries investments.

The new vehicle will house over $500m of debt positions held by TCPC, with pricing coming in at 95% of gross fair value as of 31 December 2025.

The firm’s seventh flagship is about twice the size of its previous vehicle and took half as long to raise.

Carlyle increasingly views AlpInvest as more of corporate finance business than a standalone secondaries unit, chief executive Harvey Schwartz said on the firm’s Q2 2026 earnings call.

VC investor Ryan Moore has closed on $78.5m for Revenant Ventures’ debut fund, a regulatory filing shows.

The Chicago-based firm’s $2.7bn Fund 8, raised as part of a $5bn secondaries programme, seeks a 50/50 split for LP-led and GP-led deployment, with a focus on North America and Europe.