Fundraising

The Swiss firm, owned by the Princes of Liechtenstein, has already made seven secondaries deals from Crown Europe Middle Market III which closed on its hard-cap.

The mezzanine powerhouse is expected to have raised a third of its target for the fund, which will focus on restructurings.

The VC secondaries firm is targeting the same amount it raised for its previous dedicated secondaries fund.

One of the US's largest pensions has approved a commitment to ASF VII which is seeking $9bn.

The pan-Asian firm is racing towards a first close on its latest direct secondaries vehicle, Secondaries Investor has learned.

The total amount of dry powder for secondaries amounted to $65bn at the end of 2015, with the bulk of the growth in private equity, according to Evercore.

Scala Fund Advisory is currently fundraising for European managers and offers secondaries fund market analysis to institutional investors.

The global private equity firm's previous secondaries vehicle closed above target on $450m.

Despite the largest ever secondaries fund raised last year, total capital closed slipped to two-thirds of that raised in 2014.

The firm launched its biggest secondaries fund to date in August last year seeking $1.25bn.