Marine Cole

The $406 million pension fund continues to expand its private equity program with fresh commitments to latest funds being raised by HarbourVest and Abbott Capital Management.

Hamilton Lane, Pomona and Northwestern Mutual all purchased parts of the interests in CCP VII and CCP VIII.

The firm has raised $200m so far for its new dedicated secondaries fund.

The listed fund of funds also invested $6m in HarbourVest’s international fund of funds HIPEP VII.

There were nearly 50 secondaries funds being raised as of October, targeting a total amount of about $40bn.

The bank is coming to market with a large portfolio of private equity fund stakes, according to sources familiar with the matter.

There are many challenges to US pension plans becoming more active buyers in the secondaries market, but it's the full pricing that's really holding them back.

Based in Menlo Park, California, the senior investment director will specialise in secondaries and fund of funds research.

The fund of funds will target primary funds, secondaries and co-investments.

Staying small and leveraging relationship are the key to the secondaries advisories business, says Solomon Owayda, who recently founded Mozaic Capital Advisors with Christine Patrinos.