Institutions hurt by 'chronic corporate earnings disruption', such as university endowments, could come under pressure to sell on the secondaries market.
The niche secondaries firm aims to raise 50% more than its predecessor fund as more 'serious' sellers come out of the woodwork.
The firm's Vintage Real Estate Partners II is the third-largest RE secondaries fund yet raised.
The firm wants to raise more than three-times the original target of its 2017-vintage predecessor.
The preferred equity specialist has been in market since the first half of last year targeting €1.8bn for its fifth fund.
A snapshot of law firms' secondaries work last year by volume, deal count, strategy and more in our latest annual report.
In part two of our mini-series on the impact of debt on secondaries deals during the coronavirus crisis, we examine how the steep decline of NAVs can have powerful implications for the future of the SPV leverage market.
Secondaries market leverage use is facing its first real test. Whether it passes will have implications for the future health and reputation of the industry.
Details of the firm's fundraise were revealed in an earnings call for parent company Voya Financial this week.
The Asian secondaries specialist is targeting $300m to invest out of offices in Hong Kong, Shanghai and Mumbai.