Fundraising

The VC fund of funds manager's two current funds in market are targeting between 20-25% internal rates of return and up to a 3x multiple.

The VC fund of funds manager has almost reached the target for its latest secondaries fund which will focus on direct and LP stakes.

The Paris-based firm has raised more than $27.4bn in less than five years to invest in secondaries.

The state's retirement system is an active investor in secondaries funds and previously committed to Coller Capital's latest vehicle.

The fund of funds, which makes primary, secondaries investments and co-investments, had an initial target of $900m.

The global fund of funds manager is three-quarters of the way towards the $500m hard-cap for its latest secondaries vehicle.

The firm, which is also in market with a dedicated secondaries fund, will make secondaries purchases from its latest real estate fund of funds.

The $180bn pension fund manager is an active seller on the secondaries market and committed to Ardian and Lexington Partners vehicles last year.

The firm founded by Michael Bego is well on its way to hitting the target for its first fund which focuses on the smaller end of the secondaries market.

San Francisco-based Industry Ventures is seeking $425m for its latest dedicated secondaries vehicle and $200m for a FoF which can also invest in the strategy.