StepStone Secondary Opportunities Fund VI is reportedly targeting $6 billion in capital commitments.
The oversubscribed vehicle's strategy is complemented by co-investments in privately held companies and secondary transactions.
The vehicle, which has yet to announce a formal close, had previously disclosed a $30 million offering target.
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.
The Geneva-based firm targets late-stage single-asset secondary investments across technology and digital ventures.
The firm's lower fees in its flagship secondary funds will be offset by growth in its private wealth assets, according to CFO David Park.
The alternatives manager also gave updates on the fundraising status of several other secondaries strategies spanning private equity, GP-leds, venture capital, and infrastructure.
The milestone coincided with the first close of the firm's inaugural GP-led fund, securing $200 million in capital commitments.
