Fundraising

NewView Capital Fund IV arrives in the market as venture secondaries are heating up, driven by overallocated LPs pressing GPs to expand distributions as a way to replenish capital stocks.

Australian VC secondaries specialist SecondQuarter sees a multi-billion-dollar gap in the local market, managing partner Ian Beatty told Secondaries Investor.

The fund will primarily focus on single-asset CV transactions, with additional flexibility to pursue multi-asset CVs and LP-led opportunities, Secondaries Investor has learned.

The fund is already ‘well deployed’ with 22 transactions completed to-date.

As part of the tie-up, Amundi will pick up a 9.9% stake in London-based ICG by June 2027.

Hark Capital has set a $750m target for its fifth fund, representing a 50% increase on its previous fundraising target.

The London-based asset manager is also in the market with the second vintage of its LP-focused secondaries fund.

The listed asset manager has hired former Partners Group managing director Henri Lusa to head up the unit, according to a statement seen by Secondaries Investor.

Amid one of infrastructure secondaries largest ever fundraising years, Ares’ infra secondaries head Edward Keith explains how it seeks to achieve diversification within its funds.

The firm’s Secondary Opportunities Fund V is the first vehicle raised since Patria acquired Aberdeen’s European private equity business.