Iris Dorbian
He will continue in his CIO role through June 30, 2024 while the CalSTRS board conducts a global search for his successor.
This fund will focus on providing tailor-made liquidity and capital solutions to both LPs and GPs through transactions in the secondary market.
Fund 8 is nearly 30 percent larger than its predecessor fund, Fund 7.
The fundraising exceeded the amount raised by Lexington's previous secondary fund LCP IX, which closed on $14 billion in 2020.
Leavitt Equity Partners III's limited partners include strategic healthcare partners, insurance companies, foundations and family offices.
Seven Hills Capital Fund I's limited partners include college and university endowments, family offices and outsourced CIOs.
Banner Ridge Secondary Fund V's limited partners include pension funds and family offices.
As part of the transaction, limited partners in Fund IV were provided the option to cash out of their interests in the assets, roll their interests into the continuation fund, or stay in Fund IV at the same terms.
Forward invests in branded consumer businesses.
West Street Life Sciences I's LPs include institutional, strategic and high net worth investors.