The tie-up provides access to FIRSTavenue's advisory services, including LP portfolio sales, GP-led restructurings, NAV loans, and tender offers.
Dover Street XII is targeting $20 billion in capital commitments, with a final close expected in December 2027.
The Texas-based alternative investment manager specializes in private credit, with strategies spanning direct lending, portfolio finance, and capital solutions.
The pension worked with Hamilton Lane on the secondary acquisition of an interest in the approximately $31 billion open-end real estate fund.
BMS Group examines ILPA's new continuation vehicle guidance, focusing on the role of RWI, its benefits for LPs, and key considerations for secondaries practitioners.
The Nordic investment bank added Nick Kavanagh, who brings over 15 years of experience across private equity secondaries, direct investments, and GP-led transactions.
The fund's predecessor, Strategic Partners Real Estate VIII, closed with $2.6 billion in capital commitments in 2023.
Applicants must have advised on at least $10 billion in committed capital across private equity funds, secondaries, and co-investments.
The firm will offer liquidity solutions to institutional LPs and GPs, with a focus on credit strategies.
SecondaryLink dissects market reports from Campbell Lutyens, Evercore, Jefferies, Setter, and UBS, highlighting the main seller profiles in the 2025 secondary market.
