Overall secondaries market volume is expected to drop by about 30% this year, according to a survey by Setter Capital.
Dave McClure plans to raise a fund to buy GPs' and LPs' stakes in micro VC funds.
The market is a rare bright spot amid coronavirus-related uncertainty, according to the firm's annual results call on Tuesday.
Vintage Real Estate Partners II held an interim close on $330m last year.
The real estate direct secondaries firm has already invested one third of Fund VII’s capital since its launch.
The secondaries firm is targeting €1.25bn for its fourth flagship fund.
Richard Olson is moving into valuations, having left the financial services firm in June.
The alternatives manager has more than 125 investment professionals across Asia, Europe and the Americas.
The vehicle will be the firm's second flagship after becoming an independent entity in 2017.
The deal, focused around talent agency Creative Artists Agency, is likely to be more than $1bn in size.