Fundraising

The firm is more than 85% of the way to its target for Opportunities Fund III, which invests in direct secondaries in Europe and North America.

This is the $82bn pension's first investment with the private equity and real estate secondaries firm.

The global investment firm's latest vehicle in the strategy will focus on secondaries and co-investments.

The French spinout is planning to launch a fund of funds vehicle with secondaries and co-investment pockets by the end of the year.

Early figures indicate it could be a stellar market this year on the back of several large stapled deals and fund closes in H1.

The firm raised the same amount for its predecessor vehicle that acquires stakes in North American lower- and mid-market funds.

The Texas pension has committed $20m to the secondaries firm's latest private equity vehicle.

The deal involves stakes in the Swedish firm's 2011-vintage buyout fund and a commitment to its latest Asia-focused vehicle.

The firm expects to have raised around $1.5bn by October for its latest fund of funds that can invest up to 30% in secondaries and direct co-investments.

The firm is pushing towards its €300m hard-cap before the year is out, Secondaries Investor has learned.