The close of Pantheon Global Secondary Fund VI and related SMAs pushes secondaries fundraising for this year to an all-time high.
The US's largest public pension has been exploring ways to reach its target private equity exposure, including via secondaries investments.
The deal gave liquidity to 40,000 retail investors who averaged a 3x return on invest, Secondaries Investor has learned.
The strategies were the only two that investors showed increased interest in, according to a report by Probitas Partners.
APG, Ardian, Strategic Partners and 17Capital are among the firms represented on sister publication PEI's list of the most impressive figures under 40.
Two European LPs have already defaulted on capital calls, and more are rumoured, creating a potential pool of early secondaries opportunities.
Buyers with an appetite for unfunded commitments could be an early beneficiary of coronavirus-related volatility.
The deal was used to seed the $440m debut credit fund of Angel Island Capital.
Higher fees and difficulty in agreeing on side letters with secondaries funds were among the reasons given.
Which funds raised the most last year and which strategies are investor money going to? Find out in our latest interactive report.