The firm has already put one-fifth of its over-subscribed new fund to work with an eye to invest more in Asian secondaries than ever before.
HarbourVest Partners’ latest secondaries vehicle is offering an average annual management fee of 0.81%, according to University of Houston documents.
The bank’s alternative investments group is set to beat its $600m target for its second investment vehicle to buy fund interests, and will likely wrap-up fundraising around the end of the year.
The Nebraska Investment Council made a total of $50m in commitments to HarbourVest’s latest 'Dover Street' fund - targeting $3bn - and RCP’s eighth fund of funds vehicle.
French private equity group Idinvest, formerly the in-house arm of investment bank Allianz, has held a €100m first close on its new secondaries fund.
The $10.8bn system recently committed to Coller Capital as a way to ‘diversify existing private equity portfolios, obtain exposure to previously restricted funds and participate directly in select investments’.
The Lombard Odier spinout is targeting €720 million for its Euro Choice V fund that will make primary and secondary fund investments in Europe’s mid-market.
Coller Capital’s latest secondaries fund, which like its predecessors has an extremely flexible mandate, raised more than its targeted amount in 15 months on the road.
The $122.5bn pension system has committed to Ares Management, Warburg Pincus, RCP Advisors, AXA PE and Crescent Capital as it works to deploy $6bn over the next three years.
A recent SEC filing shows that Goldman Sachs has at least $1.2bn for the latest in its Vintage Fund series, which have typically focused on secondary assets.