Staff Writer

The £28bn UK pension scheme has bought an “early secondary” in Neuberger Berman Secondary Opportunities Fund II as the pension seeks to expand its co-investment activity.

For the first time, investors in private equity real estate are turning to the secondaries market, according to Joseph Stecher, CIO of the bank's real estate fund of funds.

The Chinese sovereign wealth fund is reportedly investing $500m each in custom accounts with secondaries players Lexington Partners, Goldman Sachs and Pantheon Ventures.

The global private equity investor has changed hands for the second time in six years.

The private equity investor, which is currently raising its fourth secondaries fund, sees its Asian secondaries activity doubling in the future.

The Spanish fund of funds manager will not charge fees on its €65m secondaries fund until capital is actually put to work.

F&C and Altamar have both closed funds this week, as they seek to capitalise on emerging secondaries opportunities.

The global fund of funds manager has attracted around $600m in commitments in the last 12 months on its way to a target of $3.75bn.

The Connecticut advisory firm has invested in secondaries deals worth $1bn since 2003 from its fund of funds coffers.

But will buyers be able to meet its price expectations?