Marine Cole
One of the co-investors that participated in the transaction was The Texas State Board of Education, which oversees the Texas Permanent School Fund, and contributed $50m.
More than 40% of those recently surveyed by PEI's Research and Analytics division and Montana Capital Partners see GP restructurings as negative.
The Ohio Public Employees Retirement System committed to Ardian Secondary Fund VII and to Strategic Partners' latest real estate fund among others.
The average pricing for secondaries transactions fell but some strategies, including tail-end funds, fared better.
With early secondaries, late primaries and mid-life co-investments, firms try to skirt competition and boost returns, according to Triago.
The firm selected by the State Universities Retirement System of Illinois will manage about $100m in total.
The endowment previously invested $4 million in HarbourVest's Dover Street VIII in 2011.
Crown Small Cap Real Estate Fund II, which is targeting $400m, will commit up to 25 percent to secondaries.
Strategic Partners purchased the legacy portfolio of Spice, formerly called APEN, in December for $192m.
Co-investments can help a secondaries buyer bridge any financing gaps to purchase a large portfolio.