Fundraising

Tail-end and special sits-focused Multiplicity closes fourth flagship

LTO Fund IV beat its target by 28% and raised capital from both institutional and private wealth investors.

Details of Blackstone’s infrastructure secondaries strategy revealed

Blackstone expects to hold a final close for Strategic Partners Infrastructure IV in the first quarter of this year, according to pension fund documents.

Blackstone eyes launch of latest flagship secondaries raise

Strategic Partners will soon begin fundraising for the successor to Strategic Partners Fund IX, which closed on $22.2bn in January 2023.

NJSIC proposes $400m commitment to StepStone real estate SMA

The SMA would include a commitment to StepStone’s flagship real estate secondaries fund, which has surpassed the size of its $1.4bn predecessor.

Single-asset deals skyrocketed in 2024 – Campbell Lutyens

Volume from single asset deals grew by more than 80% year-on-year, accounting for more than half of all GP-led deal volume in 2024, according to Campbell Lutyens’ full-year secondaries report.

French asset manager Essling to launch debut GP-led strategy

The firm is targeting €200m to invest in continuation vehicles.

Glouston’s latest flagship beats target by more than $100m – updated

Glouston Private Equity Opportunities VII closed on $558m, making it the firm’s largest vehicle to date.

Allianz’s debut credit secondaries fund closes €1bn over its target

After more than two years in the market, the group is already eyeing a launch for its next secondaries programme.

A footnote on secondaries fundraising

While fundraising figures are down from record-breaking numbers in 2024, it would be remiss not to consider the impact of evergreen capital on the market.

DOWNLOAD: Behind 2024’s fundraising dip

Fundraising for secondaries strategies last year reached just under $100bn, falling short of 2023’s record haul for the sub-sector.