Fundraising

CVC Secondary Partners doubled its secondaries deployment year-over-year in 2024, according to its full-year activity update.

The GP-led secondaries market is continuing its growth spurt – both in terms of volume sought and new entrants. But there’s no guarantee that everyone will succeed.

Secondaries was among strategies with the most acceleration driving Carlyle’s deployment pace last year, CFO John Redett says on an earnings call.

The fund will be split between fund investments and transactions, with 75% of the latter proportion going to secondaries deals.

StepStone Real Estate Partners V will focus on GP- and LP-led real estate deals in the US.

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

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

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

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

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.