Fundraising

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.

The fund of funds manager has so far raised $51.5m, according to a regulatory filing.

Partners Group and Landmark dominate the list, accounting for almost $6bn in capital raised in the last 5 years.

As Ardian nears final close for its latest secondaries fund, we take a look at who’s backing its efforts and what that means for the wider industry.

The London-based firm also launched its fourth fund of funds vehicle this year.

James Kase joins the firm to oversee its global sales, client relations and marketing communications after serving as global head of investor relations at hedge fund manager Capula.