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The firm used its $1.8bn REIT to acquire a diversified portfolio of limited partnership interests in 41 private equity real estate funds.

The world's eighth-biggest sovereign wealth fund has been developing its in-house secondaries capability over the last two years.

Discounts could also widen for European funds amid volatility related to Brexit, according to a mid-year report by the advisory firm obtained exclusively by Secondaries Investor.

The advisory firm and placement agent has made two appointments including a 12-year PAI Partners veteran as a senior advisor.

Adding operational value can be an acrimonious process, as Hong Kong direct secondaries specialist NewQuest Capital Partners discovered.

In an effort to trump a £748m preliminary agreement SVG reached with rival suitors Goldman Sachs and CPPIB, HarbourVest has also offered to buy the London-listed private equity investor's entire portfolio, but for at least £783m.

The global investment manager is giving shareholders more time to consider its offer after SVG said it planned to sell its entire portfolio to Goldman Sachs and CPPIB for around £748m.

The firm raised the capital for its second fund in 18 months from 185 investors.

Secondaries Match sends emails to interested buyers and parties can now connect anonymously.

The fund's target is almost three times that of its predecessor, the 2013-vintage Lexington Middle Market Investors III, which closed on about $1bn.