The vehicle is closing on up to €6.7bn target on the back of a stapled deal with Lexington Partners over the summer.
The plight of the Dallas Police and Fire Pension System, which has sold on the secondaries market as part of attempts to whittle down its alternatives portfolio, raises questions over governance and the risk for asset managers and advisors.
The private markets firm is two-thirds of the way to the $500m target for Fund VIII which can acquire stakes in funds focusing on the strategy.
Committed Advisors has acquired fund interests including IK 2007, which holds hydraulics and pneumatics company DGI.
The $36bn fund reported strong private equity returns after implementing an “aggressive” restructuring plan in December 2016.
LPs that chose to sell their stakes in BC European Capital IX to Lexington Partners include media group scions, insurers and endowments.
The potential deal involves the Scandinavian private equity firm’s 2008-vintage fund, which has around €2bn in NAV, Secondaries Investor has learned.
The firm's 1999- and 2004-vintage funds are its best-performing, according to documents seen by Secondaries Investor.
The niche firm, founded by a former AlpInvest Partners secondaries executive, raised the hard-cap on its oversubscribed sophomore fund.
The UK's second-biggest private equity firm is working with Campbell Lutyens to create a continuation vehicle for its 2007-vintage fund, Secondaries Investor has learned.