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Thursday, October 29, 2026 · Today’s edition, 6:30 a.m. ETThu, Oct 29 · 6:30 a.m. editionSign inMy Desk 0EditionsSign in
AnalysisSecondariesThe WrapThe Secondary Open

Hg raises €1bn in first close for secondaries fund

Hg's debut GP-led secondaries fund is more than halfway to its €1.75 billion target, while StepStone has raised more than $3.1 billion toward a $6 billion target.

At a glance

  1. GenNx360 closed a $285 million Churchill-led continuation fund for Whitsons, a provider of dining services and prepared meals to schools, residential healthcare facilities and commercial customers.
  2. StepStone has raised more than $3.1 billion toward a $6 billion target for its sixth private equity secondaries fund, according to amended U.S. regulatory filings cited by AltAssets.
  3. The total is not a final close.

Hg has collected about €1 billion in a first close for its debut GP-led secondaries fund, leaving the vehicle past halfway to its €1.75 billion target, AltAssets reported.

GenNx360 closed a $285 million Churchill-led continuation fund for Whitsons, a provider of dining services and prepared meals to schools, residential healthcare facilities and commercial customers.

StepStone has raised more than $3.1 billion toward a $6 billion target for its sixth private equity secondaries fund, according to amended U.S. regulatory filings cited by AltAssets. The total is not a final close.

Reported by The Wrap desk from AltAssets. Published . Updated Oct 28, 2026 · 2:57 p.m. ET. Corrections

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GenNx360 closes $285m continuation fund for Whitsons

Churchill led the $285 million vehicle for Whitsons, a provider of school and healthcare dining services, and no price was disclosed.

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AltAssets reported the close; GenNx360 also closed a $285m Churchill-led continuation fund, while LGT and Coller EQT co-led a reported €1.25bn EMK vehicle.

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