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The commitment to Lexington's latest mid-market secondaries fund is a re-up for the pension, which has invested at least $750m in the space since 2012.

The polls are open for the annual PEI awards – don’t miss your chance to tell us who shone this year, including which secondaries firms, deals, advisors and law firms were second to none.

The deal involves 26 stakes held in the Italian fund of funds' 2006-vintage vehicle, Secondaries Investor has learned.

Investment head Michael Halford, and a number of other partners, have jumped ship to join ex-colleagues at the rival firm.

A senior investment officer at the $180bn pension previously said secondaries had become a "very useful portfolio construction tool".

The Nordic direct secondaries firm has invested in a Finnish software company through a combination of direct and secondhand shares.

Fund managers and auditors expect EU regulators to follow US lead and begin overseeing fund valuation processes.

The private equity firm, which is mulling a move into GP-led restructurings and direct secondaries, held a first close on Adveq Secondaries III last April.

Almost a fifth of family offices surveyed acquire fund stakes on the secondaries market, according to research by PEI and Montana Capital Partners.

The global alternative asset manager plans to grow its base of Asian LPs starting with Chinese insurance companies, says Asia MD Mingchen Xia.