PEI Group Data

LGT raises at least $7bn for latest flagship, surpassing predecessor – updated

LGT Capital Partners’ latest vehicle launched in 2022 and had collected $4.38bn as of January.

Lexington projected to begin fundraising for successor flagship next year

Lexington Capital Partners X, the firm’s latest main secondaries fund, smashed its $15bn target to collect $22.7bn last year.

How do secondaries funds perform?

Secondaries funds can deliver outperformance compared with PE buyout funds due to their diversification and asset-screening processes.

Nebraska Investment Council advised to sell in TJC’s multi-asset CV

The assets in the process run by the firm formerly known as The Jordan Company ‘do not appear to have the ability to generate outsized returns’, according to adviser Aon.

Secondaries funds more likely to meet fundraising targets than PE

One in three private equity funds missed their fundraising targets in H1 2024, compared with 4% of secondaries funds.

Performance watch: How have HarbourVest’s Dover Street funds fared?

With HarbourVest closing on $15.1bn for Dover Street XI, Secondaries Investor takes a look at how the firm’s flagship secondaries vehicles have delivered across IRR, TVPI and DPI.

HarbourVest secures third-largest secondaries fund ever raised with $15.1bn haul

Combining Dover Street XI and its co-investment vehicle Secondary Overflow Fund V, the manager has raised $18.5bn to deploy into secondaries transactions.

Who’s in market with infra secondaries funds?

There are at least 14 secondaries vehicles seeking capital to invest in the asset class, Secondaries Investor data shows.

Carlyle’s AlpInvest targets $2bn for portfolio finance-focused fund

The Carlyle unit is also in market with its flagship secondaries programme and a dedicated single-asset-focused fund.

DOWNLOAD: Behind 2024’s first-half fundraising slip – updated

While this year has not seen a large-scale close, several funds with hefty targets remain in market.