The strategy will target both GP-led and LP-led transactions, with an emphasis on secured exposure to asset-backed businesses.
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.
TPG GP Solutions II, which held a first close last year, had raised over $1.7 billion in capital commitments as of June.
Ares Real Estate Secondaries X will invest across LP-led portfolio sales, GP-led transactions, and structured secondary deals.
PIMCO Private Income Fund targets performing private credit across hard assets, financial assets, and corporate credit, including through secondaries.
NorthSands Capital I targets single-asset continuation vehicles in well-known sectors, including industrials and industrial services companies.
The firm is seeking $20 billion for its twelfth secondary flagship, with a final close expected in December 2027.
The firm launched a dedicated credit secondary strategy around this time last year and has reportedly deployed around $500 million across five deals.
Industry Ventures Secondary XI is the first fund launched since Goldman Sachs acquired the San Francisco-based manager last year.
Founded in 2007, PennantPark is a mid-market-focused private credit manager with around $10 billion in AUM.
