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The £3.2bn UK pension, which is under-allocated to private equity, committed to both of the firm's previous SOF vehicles.
The secondaries house and global investment manager are among firms relocating to bigger office spaces in London’s West End as staff numbers grow and leases expire.
The Indian financial services firm has sold its majority interest in the private equity and real estate secondaries firm back to management.
Secondaries buyers are particularly excited about opportunities in energy and infrastructure, with trillions in potential dealflow.
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.
Edinburgh - iStock
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.
Recent high pricing has encouraged the world's largest asset manager to be a seller on the secondaries market, according to managing director Johnathan Seeg.
The VC fund of funds manager's two current funds in market are targeting between 20-25% internal rates of return and up to a 3x multiple.
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