Fundraising

The target for Axiom Asia IV is still undisclosed but the Singapore-based firm’s previous vehicle sped towards its $1.15bn final close in just four months.

The secondaries firm has raised €154m for its European Secondary Development Fund V. Swedish pension AP Fonden 3 is a returning investor.

HarbourVest launched its ninth secondaries fund this year and is targeting $3.6bn.

London-based Coller is expected to hold a final close for its $5.5bn secondaries fund before the end of the year.

The endowment previously invested $4 million in HarbourVest's Dover Street VIII in 2011.

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.