Ibex Secondary II has attracted 150+ investors, raising nearly twice the $40 million secured by its 2024 predecessor.
Dover Street XII is targeting $20 billion in capital commitments, with a final close expected in December 2027.
Having already exceeded its previously stated offering amount, the fund is approximately 68% larger than its predecessor.
The firm also expects to hold a first close for its tenth real estate secondaries strategy by year-end at more than 50% of its initial $2.5 billion target.
SecondaryLink first reported on the Euronext-listed manager's plans to launch credit & infrastructure secondaries products in July.
The Texas-based alternative investment manager specializes in private credit, with strategies spanning direct lending, portfolio finance, and capital solutions.
A&M Capital established its dedicated mid-market secondaries strategy last year to target CVs and opportunistic LP stakes across North America and Western Europe.
The fund's predecessor, Strategic Partners Real Estate VIII, closed with $2.6 billion in capital commitments in 2023.
The Denver-headquartered firm recently appointed Osnat Velingard in Tel Aviv to lead the firm's secondary strategy, which targets growth-stage tech companies.
The $1 billion manager closed its debut secondary fund in 2024 with $40 million in capital commitments.
