Fundraising

This is the second commitment by the pension to funds managed by Portfolio Advisors, which is seeking $1bn for its latest secondaries vehicle.

The investment bank also raised over half a billion dollars for a dedicated real estate secondaries fund last year, according to documents seen by Secondaries Investor.

The direct secondaries firm, which bought the India-focused portfolio of Draper Fisher Jurvetson earlier this year, will open its second overseas office in Mumbai by year-end.

The mezzanine powerhouse has completed at least three deals from its latest secondaries fund which focuses on restructurings.

The VC fund of funds took around four months to raise its latest fund, which was oversubscribed.

For fledgling secondaries firms, raising a first-time fund can be tough, but it isn’t always necessary to do so.

Secondaries firm Whitehorse Liquidity Partners, which has raised a sixth of the target for its debut fund, has tapped a seven-year Canadian public pension veteran as CFO.

The secondaries firm has lost at least three professionals involved in fundraising this year, including its head of capital raising and IR and its deputy investment officer.

Taiwan's second-biggest financial holding company has committed $30m to the global investment firm's latest secondaries fund.

The US pension fund approved a $20m commitment to Capital Dynamics' latest dedicated secondaries fund which had raised three-quarters of its target by April.