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Private equity and real estate secondaries funds raised $12.7bn in the first half, an almost 50% drop year-on-year.
The firm, founded by former Industry Ventures partner Jim Jones, counts streaming service Pandora among its investments.
PAREF VII, which invests in primaries, secondaries and co-investments, has received an extra $30m from Missouri LAGERS.
The long-life vehicle, which will focus on regulated assets mostly in Europe, is targeting an initial €2.5bn.
Scott Halsted, managing partner of Leerink Partners, discusses steep discounts, regulatory risk and how to deploy in a small and difficult market.
The firm will earmark up to 20% of the fund for secondaries and co-investments.
The fund close comes a month after the firm raised $612m for timberland secondaries.
Pantheon Global Secondary Fund VI is seeking a little less than its predecessor and registered the fund in Europe in December.
The firm will use the Santiago office to grow its regional investor base and access secondaries opportunities.
Leerink Revelation Partners, which can by direct stakes and take positions in healthcare funds, has nearly $400m under management.