Ares raises $4.2bn for debut structured solutions strategy, topping $1bn target
The debut vehicle targets financing for private-equity managers, which AltAssets ties to growing demand for that exposure.
October 2
The Fundraising Desk 4 stories this week · 14 total
Dry Powder
Reach Capital floats €1bn-a-year GP-led budgets for CDPQ and Allianz
A published extract presents the €1bn-a-year allocations as hypothetical; the week's continuation vehicles closed without asset-level marks.
Dry Powder
Fidelity launches $451 million debt fund as three continuation vehicles close without disclosed prices
Barings filed a credit vehicle and Värde launched one, both without disclosed sizes, the same week Sun Capital's Anderson Global closed without a disclosed price.
Ibex closes second Israel secondaries fund at $87m, more than doubling its predecessor
AltAssets reported the close on 28 September; the accessible page carries no LP base, target or strategy detail.
Guardian Alarm shows benchmark-free CV pricing is now the default
Three GP-led continuation vehicles closed without a published mark, including Guardian Alarm's security-services deal; the LP-led side printed one number. Sponsor valuations now set the price from fertility to security services.
A Children's Health allocator leaves to build a secondaries firm
Gordian Investment Group's premise that execution rather than capital is the secondaries bottleneck will be tested on precisely the deals other buyers walk away from.
TrueBridge’s $508m secondaries fund doubles the strategy
The firm more than doubled its venture secondaries pool; the test is whether it can deploy the money at disciplined discounts.
Netley scales secondaries firepower to $1.2bn
AltAssets reports a fourfold increase in under a year, but its paywalled details do not say whether the number is a target or a close.
CVC's secondaries flagship reaches $10bn
AltAssets reports the vehicle stands at almost four times the size of CVC's 2019 fund — a fresh test of how record secondaries capital finds true price discovery.
Goldman crowned top secondaries fundraiser
PEI's latest fundraiser ranking puts Goldman ahead of the field, but the harder test is pricing all that record capital.
StepStone's infrastructure secondaries debut shows LP-led pricing still clears
With half of the $1.7bn already deployed, the first dedicated vehicle suggests traditional LP-led deals remain priced to clear.
Crestline closes $625m capital-solutions fund
The fund is 75% larger than the first vehicle, a sign of growing LP appetite for NAV lending and GP-liquidity tools.
Continuim's 32-day $548M Fund III close remains a claim
The visible record gives a headline number and a timeframe, but no way to verify the multiple.
Private equity fundraising slides again; secondaries hit a record $93B
Total private equity fundraising fell for the second year running, while secondaries posted a record haul. A two-year-old shop in that niche landed a $2 billion mandate.