Fundraising

Fundraising in the first half dipped year-on-year to $34.5bn, with Hamilton Lane’s $5.6bn close on Secondary Fund VI marking the largest raise in H1 2024.

The fund has invested nearly $3bn as of June, according to documents from the MWRA Employees’ Retirement System.

Private Equity Strategic Opportunities Fund V is aiming to deliver a 1.8x-2x multiple for investors.

Details for Patria Secondaries Opportunities Fund V show the vehicle is planning at least two closes this year.

The firm is seeking $500m for a dedicated GP-led vehicle which has the potential to deliver enhanced returns.

Clean Growth VI is 60% invested and its first distributions are scheduled for later this month.

The firm is looking to close on its third and largest secondaries fund, after closing its second such fund in 2021.

The firm wants to raise almost 60% more than it did for its predecessor vehicle.

Details of the fund’s target and fundraising update, as well as expected performance and fees, were disclosed in US pension documents.