Fundraising

LGT nearly doubles size of latest direct minority stakes fund

Crown Secondaries Special Opportunities III has closed on $3bn ahead of its $2.5bn target.

BEX could secure one-and-done fundraise with latest flagship

Predecessor vehicle Fund IV is over 75% invested and has a TVPI of 1.5x, according to documents prepared for a US state investor.

Major secondaries firms’ fundraise updates and expected closes revealed

Details of 21 secondaries funds, including those by AlpInvest Partners, BlackRock and Coller Capital, have been disclosed in documents prepared for a US pension.

CapDyn nears $850m target for latest secondaries fund

GSCE VI launched in 2022 and is seeking a slight step up from the amount raised by its predecessor.

HarbourVest eyes August close for multi-billion secondaries fund

Dover Street XI is already 46% larger than its predecessor, which closed on $8.1bn in 2020.

ICG on track to raise largest-ever GP-led secondaries fund

Strategic Equity V is already larger than its $5.3bn predecessor, according to chief investment officer and chief executive Beno​ît Durteste.

France’s ODDO BHF doubles firepower with latest secondaries raise

The investment arm of global wealth manager will mainly focus on mid- and large-cap assets via its sophomore fund.

Secondaries fundraising falls off cliff in Q1

Capital raising for private equity secondaries strategies plummeted 77% year-on-year for the three months to end-March, according to PEI data.

Manulife’s GP-led secondaries programme surpasses $600m

Manulife Investment Management has held the final close for its debut vehicle, private equity-focused Manulife Strategic Secondaries Fund.

ICG closes debut LP-led secondaries fund on $1bn

Including co-investment vehicles and SMAs, the firm’s LP secondaries strategy has received total commitments of $1.6bn.