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The two most sought-after managers in the US and Europe have no hurdle rates on their latest funds.

The global investment firm has acquired a stake in Charterhouse's 2008-vintage fund from Rice University amid increasing sales from endowments and foundations.

The deal includes 97 retail, office and hotel assets in Sweden and Finland and is the second large portfolio Partners has acquired from Sveafastigheter.

Respondents to the placement agent's Secondaries Outlook Report cited three main drivers behind why they expect deal volume to drop as much as 18%.

The acquisition of €1.3bn worth of assets included stakes in at least 11 private equity, real estate and private debt funds.

HarbourVest's listed fund of funds was included in the FTSE 250 Index last December, a move the firm said will help boost liquidity.

The Cleveland, Ohio-based investment firm raised over $100m more for its second Townsend Real Estate Alpha Fund than it did for Fund I.

The real estate fund of funds manager raised $550m for its Metropolitan Real Estate Partners Secondaries & Co-Investments Program, which had an initial target of $450m.

The 2007-vintage Tishman Speyer fund holds at least one asset and was focused on value-added investments in western Europe.

The sale to an undisclosed buyer comes two months after the London-listed firm held the final close on Fund III.