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Fundraising
The deal was used to seed the $440m debut credit fund of Angel Island Capital.
The market is a rare bright spot amid coronavirus-related uncertainty, according to the firm's annual results call on Tuesday.
Vintage Real Estate Partners II held an interim close on $330m last year.
The secondaries firm is targeting €1.25bn for its fourth flagship fund.
Angel Island Capital raised $440m for its debut third-party capital fund from a mix of secondaries and primary investors.
The vehicle will be the firm's second flagship after becoming an independent entity in 2017.
The firm has played a growing role in GP-led deals, including co-leading a restructuring on Permira's 2016-vintage fund.
The bank's alternative investment partners unit closed its debut vehicle focusing on complex deals just over one year ago.
The niche secondaries firm is seeking up to $600m for its third secondaries programme.
A potential sale out of a relatively young fund has raised eyebrows in the market that is dominated by Dyal, Goldman Sachs and Blackstone.