Fundraising

Fund advisory Triago found shadow commitments are estimated to account for 26% of capital raised this year.

The state pension plan has invested in two previous Metropolitan funds.

Five Arrows Secondary Opportunities, the secondaries unit of the banking group, will target small and mid-cap European deals with its FASO IV vehicle.

Details of the Philadelphia-based firm's latest fund of funds vehicle, which can invest up to 20% in secondaries, were revealed in an October presentation to an investor.

The Geneva-based firm will launch a secondaries fund targeting 'under the radar' deals before year-end.

The global private equity firm launched the fund in August and is looking to raise its biggest secondaries fund.

The Singapore-based Credit Suisse spin-out will target between $300m and $500m for its first blind pool fund to tap Asian direct secondaries.

AlpInvest's current secondaries programme is more than 60% invested, according to Carlyle's third-quarter earnings conference call.

The firm held a final close for its largest-ever real estate fund of funds.

The $406 million pension fund continues to expand its private equity program with fresh commitments to latest funds being raised by HarbourVest and Abbott Capital Management.