Fundraising

The $4.2bn pension wants to commit to two separate global secondaries funds and is seeking managers with at least $500m in secondaries investments.

Arcano Asset Management came in third place in Spain's top fund managers by capital raised, according to data from PEI Research & Analytics.

The £3.2bn UK pension, which is under-allocated to private equity, committed to both of the firm's previous SOF vehicles.

The secondaries firm is seeking €350m for its latest fund which will focus mainly on Europe.

If Ardian’s $10.8bn means private equity secondaries have come of age, then a real estate secondaries fund would have to raise around $3.6bn to have a similar impact on its market.

Two funds managed by Blackstone's Strategic Partners and HarbourVest Partners account for almost a third of the total capital being sought for private equity secondaries strategies.

The Israel-based firm's latest FoF, its largest to date, can make early secondaries deals in VC and technology-related funds.

The Edinburgh-based firm's SOF platform has delivered a 35% gross IRR, according to documents presented to the San Bernardino County pension.

The firm will target stakes in funds of funds and secondaries funds with its latest vehicle, according to documents presented to a US pension fund.

The state's $769m Highway Patrol Retirement System is considering investing in secondaries.