Fundraising

Ardian has previously backed single-asset continuation funds out of its co-investment programme and via an SMA with a US public pension.

The firm’s 2024 Global Fund Program raised just over $1bn.

Pantheon Senior Debt Secondaries III has raised nearly $2.4bn after launching in October last year.

The firm, founded by a former StepStone partner, focuses on GP-leds and direct secondaries.

The firm is fresh off raising its largest fund ever, StepStone Secondary Opportunities Fund V, which totalled $7.4bn across its entire programme.

The secondaries giant expects to hold the final close on its ASF IX programme by the end of the year, Secondaries Investor has learned.

Public pension fund documents have shed light on how many managers Pantheon Credit Opportunities III plans to invest with and its expected geographic makeup.

LGT Capital Partners’ Crown Global Secondaries VI exceeded its $6bn target, as well as the size of its predecessor, which closed on $4.5bn in 2021.

StepStone Secondary Opportunities Fund V raised $4.8bn and is already 50% committed.

The firm has launched its third secondaries vehicle, Japan Private Equity Opportunity 2024.