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The recent stock market volatility in Asia, particularly in China, is a boon to the private equity secondaries market in the long term, according to one investor.

London's Graphite Capital retained second place, while French manager Astorg Partners jumped to third place from thirteenth, compared with a year earlier.

The firm believes it exceeded the estimated industry average discount by 600 basis points.

The Swiss firm took just 10 weeks to raise its latest vehicle which will focus on niche secondaries deals, according to the firm.

LACERA is seeking to verify that costs associated with its private equity investments are aligned with its limited partnership agreements.

Firms including HarbourVest, AlpInvest and Azini have cited currency volatility as a concern, amid weakening euro-dollar exchange rates.

The $29bn pension fund is an investor in several secondaries funds including those of Industry Ventures and Lexington Partners.

Pension funds in Europe started investing in private equity later than their US counterparts and don't yet have a strong need for portfolio management.

At least seven private equity firms have backed Core's latest fund, with some of the fresh capital raised being used to buy out stakes from its previous fund.

The Central Park Group-managed fund focused on acquiring stakes in Carlyle vehicles has also increased its interest in Carlyle Partners V.