Industry Ventures Secondary XI is the first fund launched since Goldman Sachs acquired the San Francisco-based manager last year.
Dover Street XII is targeting $20 billion in capital commitments, with a final close expected in December 2027.
Blackstone Strategic Partners X has secured approximately 73% of its $22 billion target.
The fund's predecessor, Strategic Partners Real Estate VIII, closed with $2.6 billion in capital commitments in 2023.
The strategy, anchored by a Korean institutional investor, has adopted an evergreen semi-liquid structure aimed at capturing emerging credit secondary opportunities throughout the cycle.
The reported capital pool forms part of the firm's broader $920 million fundraise across its venture investment strategies.
Industry Ventures Secondary XI, which remains in the market, received a $150 million commitment from the South Carolina Retirement System in July.
The fund's 2023-vintage predecessor closed with $212 million in capital commitments, according to SecondaryLink Data.
StepStone VC Secondaries Fund VII has already held its first close at $1 billion, with total capital commitments having exceeded $1.3 billion in August, according to SecondaryLink Data.
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.
