Marine Cole

The Swiss fund of funds, formerly known as APEN, continues its new strategy of focusing on co-investments and secondaries in emerging markets.

The direct secondaries firm focuses on providing capital to founders, executives and employees of venture capital-backed start-ups who seek liquidity.

The listed fund of funds committed to HarbourVest 2015 Global Fund, which also invests in secondaries.

The pension plan, which has $62bn in assets, is an existing investor in Coller funds.

Park Hill advised CalPERS on the sale of the portfolio, which is made up of 43 fund stakes.

New and existing secondaries firms are becoming more focused on particular niches, which is a boon for LPs wanting more specificity but also a sign that returns will be less uniform in the future.

There were more than 10 different buyers for the diversified portfolio, Secondaries Investor has learned.

The AMG Pantheon Fund's portfolio will be composed of investments in primaries, secondaries and co-investments.

NorthStar anticipates that distributions from real estate secondaries investments will come down in the next few quarters.

The investment from the UK entity was part of a £100m commitment to four different Pantheon funds. Pantheon is targeting $2.5bn for its Pantheon Global Secondary Fund V.