Fundraising

More capital was raised for the strategy between Q1 and Q3 than the $118bn gathered in 2023.

Q3 saw $60bn of secondaries volume with just over half made up of GP-led deals, according to estimates from the investment bank.

The programme is one of the largest infrastructure secondaries platforms raised and follows Blackstone Strategic Partners’ $5.5bn fund close in August.

The fund will target an even split of LP- and GP-leds, primarily in North America.

The Siguler Guff spin-out launched the fund earlier this year and is eyeing an end-of-year close, Secondaries Investor has learned.

After more than three years on the road, the asset manager is already looking to launch a successor vehicle.

While the firm missed its $1bn target, the vehicle was almost double the size of its predecessor which closed on $456m in 2019.

The fund is over half the size of its predecessor, which closed on $14.2bn in 2023.

The Secondaries Investor 50 ranking shows fundraising is on an ever upward trajectory – and few are predicting when it will stop.

ASP VIII attracted over 325 global investors across pension funds, insurance companies, asset managers and other types of LPs.