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LPs stepping back from secondaries going into 2018

Despite buoyant fundraising, the number of LPs actively investing in secondaries funds fell from last year, according to a survey by Probitas Partners.

Ex-Coller partners launch firm – exclusive

Sebastien Burdel and Luca Salvato, who left the secondaries firm last year, are attempting to raise a restructurings-focused fund, Secondaries Investor has learned.

Ardian to launch $8bn mature secondaries fund

Generation Mature Secondary FoF will target stakes in European and US private equity funds.

EQT used Fund VII in Asia staple

LPs in the firm's 2015-vintage buyout fund were also given the option to sell their stakes to Partners Group, Secondaries Investor has learned.

RCP holds second close on Fund III

The fund, which has been in the market since July, will acquire stakes of between $3m and $30m in lower- and mid-market North American funds.

New Jersey commits $135m to real assets FoF

Aether Real Assets SONJ Fund will seek to outperform the Bloomberg Commodity Index by at least 12% through primary funds, secondaries and co-investments.

Three-quarters of LPs commit to secondaries funds – survey

Regional differences are still palpable in attitudes to investing in the strategy, according to sister publication Private Equity International's Perspectives 2018 survey.

Fort Washington spin-out holds first close on debut fund

Timber Bay Partners, a secondaries firm founded by two Fort Washington executives, is seeking $200m according to a US Securities and Exchange Commission filing.

AlpInvest on why the secondaries market is ‘hot. Damn hot’

A revamped internal structure, new business lines and a focus on separate accounts have helped the firm thrive in a tough market for funds of funds, says head of secondaries Wouter Moerel.

ACE plots one-and-done on fourth secondaries fund – exclusive

Secondary Investments IV has a $20m hard-cap to stay within its niche, according to co-founder Sherif ElHalwagy.