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Co-investments in secondaries can add another layer of complexity for LPs, according to a partner at London-based Coller.

Regulatory uncertainty and higher compliance costs are capping enthusiasm for the pan-EU marketing passport, according to panelists at an industry conference.

The fund of funds manager, which already has seven offices, will expand in the Middle East and Asia.

The Swiss group will deploy the capital in secondaries, direct and primary real estate transactions.

HarbourVest launched its ninth secondaries fund this year and is targeting $3.6bn.

One of the co-investors that participated in the transaction was The Texas State Board of Education, which oversees the Texas Permanent School Fund, and contributed $50m.

The firm will follow a similar strategy to the one it applied to its timberland investments.

The Norwegian asset manager, which has $1.8bn in private equity assets, held the EQT V interest through its secondaries vehicle.

The Swiss fund of funds has already closed two deals from its latest vehicle which launched in April.

London-based Coller is expected to hold a final close for its $5.5bn secondaries fund before the end of the year.