Secondaries
EQ targets first close for two PE funds by January 2020
One fund-of-funds will focus on European primaries, and the other on the secondaries market
Headway hits €372m hard-cap for fourth secondaries fund
Fund targets direct secondaries, structured secondaries, GP restructurings and co-investment secondaries
Glendower closes fourth secondaries fund on $2.7bn
SOF IV is the first fund since Glendower's spin-out as an independent secondaries firm in 2017
Hollyport targets close for secondaries fund
Vehicle is targeting $750m with a hard-cap of $1bn, double the size of the GP's previous fund
Blackstone closes Strategic Partners VIII on $11.1bn
GP closes the global secondaries fund, which launched in Q2 2018 with a $8bn target
Flexstone closes its Select Opportunities II fund on €300m
Select Opportunities II invests in secondaries transactions and makes co-investments
Adams Street raises $2bn for secondaries
Adams Street raises $1bn for secondaries fund and $1bn in separately managed accounts
BEX closes third fund on $365m
On the market since November 2018, BEX Capital III hit its $280m target in January
Korea Post hunts for secondary PE managers
Korean LP is interested in closed-end commingled funds with a minimum size of $1bn
Lexington requests extension for seventh fund
Firm has asked for a one-year extension to complete the wind down of the portfolio
Secondaries in Private Equity
Unquote analysis of the secondaries market is now available for download
Verdane X closes on SEK 6bn hard-cap
Verdane X has a flexible approach to investing in northern European technology companies
Los Angeles pension fund backs Lexington
California based pension fund has 4% of its portfolio invested in private equity as of June 2018
BEX collects $280m for third fund
BEX III should hold a first and final close by Q2 2019 near its $350m hard-cap
Aberdeen Standard Investments launches $500m secondaries fund
Fund plans to hold a first close in Q1 2019 and continue fundraising for up to 12 months thereafter
Mantra closes two funds
Firm holds a final close for its secondaries-focused fund and a first close for its primary fund-of-funds
Balderton raises $145m for direct VC secondaries fund
Fund will target European growth-stage companies where early backers want some pre-exit liquidity
Northleaf nets $2.2bn for global PE programme
Canadian private markets investor closes its latest secondaries vehicle on $800m
ForeVest completes GP-led secondary for 2007 fund
ICG was selected as the lead buyer in a competitive process run by Park Hill Group
Pomona closes ninth fund on $1.8bn hard-cap
Fund was launched in November 2016 and held a first close on $850m in March 2017
HQ Capital holds $503m final close for secondaries strategy
Asset manager simultaneously announced the final close of its Asian secondaries strategy
Montana holds final close on €800m hard-cap
MCP Opportunity Secondary Program III held a final close on its €400m hard-cap in September 2015
Coller targets $9bn for eighth secondaries fund
Significant increase on Coller VII, which held a final close on $7.15bn in January 2016
Altamar closes secondaries fund on €541m
Fund will deploy €150-175m in secondaries transactions globally, with a focus on buyout funds