Fundraising for the firm's ninth flagship secondaries fund concluded roughly 39% larger than its 2020 predecessor, which closed at $9 billion.
Secondary Opportunities Fund VI will target buyout fund investments in the private equity secondaries middle market.
The €120 million vehicle is backed by anchor investor CommonWealth Investments, alongside Blue Earth Capital and Swisscanto.
The strategy is reportedly targeting $1 billion, three years after General Atlantic took a minority stake in Clipway.
Coordinated by KOFIA, the initiative aims to support venture exits and recycle capital through direct investments and a joint fund.
The transaction adds nine private equity and credit secondaries strategies to EQT's offering, while its combined evergreen platform now exceeds €10 billion in NAV.
StepStone Secondaries Infrastructure Fund is approximately 50% deployed across LP-interest and GP-led transactions.
Founded in 2007, PennantPark is a mid-market-focused private credit manager with around $10 billion in AUM.
The alternative asset manager, which has begun the process of listing in India, is reportedly targeting $131 million for the strategy.
Following Coller's recent acquisition by EQT, the two managers also plan to expand into real asset secondaries and develop a secondaries insurance offering.
