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The private equity firm has acquired stakes in seven companies which are in high-growth sectors in the Nordic region.

Scala Fund Advisory is currently fundraising for European managers and offers secondaries fund market analysis to institutional investors.

Some strategies such as GP-led restructurings and real estate secondaries bucked the trend and grew in 2015.

This is at least the fourth secondaries deal for the London private equity firm's EP1 Secondary Portfolio which invests from Electra's own capital.

More and more GPs are taking bundles of assets from expired infra funds and moving them into new, longer-dated yield-generating vehicles which they then open up to new LPs through stake sales.

HarbourVest's listed fund of funds benefited from secondaries exits in the Nordic region and Asia in December.

The global private equity firm's previous secondaries vehicle closed above target on $450m.

Concern about the next generation of key people is forcing LPs to ask more questions about succession during due diligence.

The global investment firm's acquisition of stakes in at least six funds comes a month after it held the final close on its latest real estate vehicle.

The closed-ended fund completed two secondaries deals in the fourth quarter and is now exposed to 27 underlying funds managed by 16 GPs.