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Good secondaries dealflow saw the predecessor fund's allocation to the strategy raised to 51%.
Galdana Ventures I had an initial hard-cap of €250m and will be able to make secondaries purchases, Secondaries Investor has learned.
The Spanish firm has also closed its eighth FoF, from which it has already made secondaries deals.
The fund of funds manager has received commitments from four investors.
The $18bn pension has made a commitment to Stepstone Secondary Opportunities Fund III that is five times larger than the investment in the firm's predecessor vehicle.
Blackstone's secondaries unit has raised $5.4bn for its latest secondaries fund, which it started investing in the second quarter.
The global investment firm has raised $3.9bn and held an interim close on its latest dedicated secondaries fund.
Stéphanie Courtadon, a marketing veteran of mid-market GP Siparex and Crédit Agricole Private Equity, will run the firm’s RFP processes.
The investment bank took two months to surpass the halfway mark for its $5bn secondaries fund that will focus on buyout and distressed strategies in developed markets.
The firm expects steady early secondaries dealflow thanks to opportunistic sellers, succession planning issues and allocation changes, according to managing director Roland Reynolds.