Fundraising

The Secondaries Investor 50 – fundraisers belie difficult 2023

Our ranking of the biggest secondaries fundraisers reveals a market reaching an inflection point.

Hamilton Lane is halfway to target on flagship secondaries fund

The firm also expects a final close on Hamilton Lane Infrastructure Opportunities Fund II this year.

Ares plots H2 closings for credit and infra secondaries funds

Secondaries Infrastructure Solutions III will target an 11-14% net internal rate of return, according to documents prepared for a US public pension.

Glendower CEO: The larger the funds you raise, the easier it gets to raise them

Carlo Pirzio-Biroli, managing partner and chief executive of the secondaries firm, says it is easier to attract investors who want to write larger tickets – a difficult proposition with smaller funds.

Glendower closes on $5.8bn enlarged hard-cap for latest secondaries fund

Secondaries Investor reported in February that Glendower Capital Secondary Opportunities Fund V was expected to close over the summer.

Lexington amasses more than $18bn for latest flagship

The vehicle, which is around 30% larger than its predecessor, has been in market for just over two years and is already one of the largest dedicated standalone funds for secondaries.

Clipway makes progress toward $4bn debut fund target

If it reaches its target, Clipway Secondary Fund would be one of the largest debut funds from a spin-out or newly established firm.

RCP smashes hard-cap with near $800m raise for secondaries

The lower-mid-market-focused manager had set a $650m hard-cap on RCP Secondary Opportunity Fund IV.

Industry Ventures within hair’s breadth of upsized target for Fund X

Venture capital and growth fund stakes fell to account for 9% of secondaries volume last year, from 18% the prior year.

Newbury targets $2.5bn for first fund post-Bridge acquisition

Newbury Equity Partners VI’s moderate step-up in ticket size is consistent with Newbury’s longtime focus on small and mid-cap secondaries deals.