European investors are turning to secondaries funds as they see a rising tide of activity in their home markets, but narrowing discounts and lofty valuations are also stoking concerns.
The bulk of the capital, roughly $22bn, is being raised by private equity secondaries funds, PEI data disclosed.
The Oregon Public Employees Retirement Fund committed $100m to Montauk TriGuard Fund VI.
The wealth management firm is targeting $40m for its 2015 Opportunities Fund.
Last year it emerged that Strategic Partners had a $400m separate account for the strategy.
Hollyport has deployed its fourth secondaries fund in 14 transactions and could launch its fifth fund in the second or third quarter.
Lexington Capital Partners VIII launched in September 2013 with an $8bn target.
Landmark Equity Partners XV launched in 2013 and surpassed its $2.5bn target.
Cincinnati-based Fort Washington Capital Partners has closed its third private equity opportunities fund on $150 million.
Euro Choice Secondary launched last year and held an interim close on €122m in October.