Fundraising

The firm’s debut secondaries fund raised €358m to invest in North American and European buyout funds in the lower mid-market.

Global Secondaries VI has a levered sleeve targeting returns of more than 20%, a feature more commonly found in credit funds.

UK head Olivier Decannière and former US head Benoît Verbrugghe are among those not listed as key people on the secondaries giant’s ASF IX fund, which is seeking $15bn.

The GP-leds specialist firm, which is run by three former CPP Investments professionals, has been raising a fund focusing on single-asset opportunities.

Goldman Sachs Asset Management is in market with its ninth private equity secondaries fund, having closed its predecessor on $10.3bn.

Goldman Sachs Asset Management currently invests in private equity and real estate secondaries through its Vintage family of funds.

Argosy Strategic Partners, the firm’s secondaries unit, exceeded its fundraising target in just five months since its first close.

A hard-cap close on Fund V would push the preferred equity specialist up to $14bn in AUM just seven years after being founded.

The niche firm’s Fund IV will make individual investments of between $5m and $1bn, with the aid of co-investors at the top of this range.

Charles Wan, whose departure from Atlantic Pacific was reported in January by Secondaries Investor, will hire up to six people to cover Asia on a primary and secondary basis.