The Japanese private equity firm has attracted a number of Japanese corporate pension funds as it nears a final close on its third secondaries fund.
The long-time secondaries player will focus on several strategies, including developed Asian buyout funds, energy and consumer goods.
The $12.1bn pension system made three recent commitments, including a $15m re-up to Lexington Capital Partners’ seventh secondaries fund.
The $43bn United Nations Joint Staff Pension Fund carved out a 6% allocation to private equity last year and has made its first commitments to big funds this summer.
The Swiss firm is poised to bring a third secondaries fund to market after closing its predecessor, Crown Global Secondaries III, on $1.2bn last year.
The $65bn pension system earlier this year completed a secondary sale run by Cogent Partners of fund stakes in TPG Capital, Apollo Global Management and Warburg Pincus.
The global secondaries firm acquired an interest in 20 Cognis Capital portfolio companies in the deal, which allows existing stakeholders to sell their stakes or rollover into the new fund.
Several US pension funds have adopted a similar strategy in an effort to cut ties with GPs and eliminate management fees.
The firm’s fifth secondaries fund of funds, launched late last year, is approaching its $3.5bn target.
The San Francisco secondaries firm exceeded its sixth fund’s $300m target by attracting new LPs and re-ups.