Fundraising

The publicly listed asset manager is confident its latest secondaries vehicle will surpass the size of its $5.6bn predecessor, co-CEO Erik Hirsch said on the firm’s earnings call.

The fund is looking to collect up to $1.5bn more through December and has already deployed $8bn.

The vehicle from the tail-end secondaries specialist is the latest vehicle to smash its fundraising goal this year.

The vehicle will invest in a variety of strategies, including secondaries.

The oversubscribed vehicle adds to an already lucrative, record-breaking fundraising year for secondaries.

Strategic Partners Fund X is seeking $22.5bn, documents prepared for a US pension’s meeting this week show.

The small buyout specialist’s latest secondaries vehicle surpassed its $1bn target and will invest in both LP- and GP-leds.

The fundraise is the private credit and real asset manager’s first private equity secondaries endeavour.

Investors from German insurer Munich Re to Lithuanian family office Willgrow are jumping into the nascent asset class or considering doing so.

Investor enthusiasm for secondaries is no secret, and it has manifested in some eye-popping fundraising figures.