A Daily Network publication
Explore the network
Secondaries Daily
The Daily Read on the Secondary Market
Thursday, October 15, 2026The Morning Brief →Sign in
The Secondary OpenThe Wrap

Hg raises €1bn first close; GenNx360 closes $285m Churchill-led continuation fund

Hg's debut GP-led secondaries fund is more than halfway to its €1.75bn target; StepStone has raised more than $3.1bn toward $6bn.

At a glance

25-second brief
  • Hg has collected about €1 billion in a first close for its debut GP-led secondaries fund, leaving the vehicle past halfway to its €1.75 billion target, AltAssets reported.

  • GenNx360 closed a $285 million Churchill-led continuation fund for Whitsons, a provider of dining services and prepared meals to schools, residential healthcare facilities and commercial customers.

  • StepStone has raised more than $3.1 billion toward a $6 billion target for its sixth private equity secondaries fund, according to amended U.S. regulatory filings cited by AltAssets.

Hg has collected about €1 billion in a first close for its debut GP-led secondaries fund, leaving the vehicle past halfway to its €1.75 billion target, AltAssets reported.

GenNx360 closed a $285 million Churchill-led continuation fund for Whitsons, a provider of dining services and prepared meals to schools, residential healthcare facilities and commercial customers.

StepStone has raised more than $3.1 billion toward a $6 billion target for its sixth private equity secondaries fund, according to amended U.S. regulatory filings cited by AltAssets. The total is not a final close.

Continue your research

Save this analysis and keep the funds you follow together in My Desk.

Sign in to save articles or follow funds.
Sources & further reading
AltAssets
More from Secondaries Daily
The Wrap

Meridiam closes $4.5 billion continuation vehicle without disclosing a price

Ibex's $87 million Israel-focused close was the week's only secondaries fund close with a disclosed figure, our records show.
The Wrap

ECP raises $834m Next Wave continuation fund; Meridiam closes $4.5bn infrastructure vehicle

ECP’s $3.3bn Fund IV investors can cash out or roll at an undisclosed election price; Meridiam’s $4.5bn fund extends ownership of 15 assets.
The Wrap

AIP Capital, GFH Bank and Bridgepoint launch $1bn fund; Pemberton adds two hires

Blackstone Credit & Insurance separately closed a $1bn deal involving Analogic and Leidos, our tracking shows.
Elsewhere in the networkAll titles →
Every weekday · 6:30 a.m. ET

The Morning Brief

The latest from Secondaries Daily, in your inbox every weekday. Free.