SecondaryLink outlines the IRR and TVPI of four ICG funds.
The fund's predecessor, Strategic Partners Real Estate VIII, closed with $2.6 billion in capital commitments in 2023.
The strategy, anchored by a Korean institutional investor, has adopted an evergreen semi-liquid structure aimed at capturing emerging credit secondary opportunities throughout the cycle.
The firm's evergreen private equity flagship, which invests in secondaries, reached $29 billion in NAV less than three years after inception.
The firm's $3.1 billion in Q3 secondaries inflows were driven primarily by its tenth private equity and ninth real estate secondary funds.
Applicants must have advised on at least $10 billion in committed capital across private equity funds, secondaries, and co-investments.
Insurance investors now account for nearly 25% of the manager's commitments, with parent company EQT eyeing opportunities to combine primary and secondary strategies.
The sequel fund has secured $150 million from a California pension and will back venture and growth managers through GP stakes, fund commitments, and co-investments.
The management buyback closes out AMG's investment in the former Comvest business, with total proceeds of about $294 million.
The single-asset continuation fund was reportedly backed by the California Public Employees' Retirement System, Partners Capital, and Caltech.
