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The bank has decided to let the investments run through the end of their life and may consider tapping the secondaries market only if interests remain by the Volcker Rule’s July 2017 deadline.

The private equity arm of Neuberger Berman has bought a stake in a $581m buyout vehicle, according to a UK regulatory filing.

Dallas-Fort Worth International Airport Retirement System previously invested $5 million in Permal Private Equity Opportunities IV.

The Seattle-based firm noted in its Private Equity Outlook that a general increase in primary private equity investments at high valuations, followed by a market correction, could provide a favourable future entry point.

The sovereign wealth fund has hired Cogent to advise on the transaction, which could total about $1bn.

Carlyle's investment solutions group, which includes fund of funds arm AlpInvest Partners, lost about $6bn in AUM due to currency changes.

Healthy private equity distributions could prompt some sellers to hold off from tapping the secondaries market.

The seller of the fund interest, Legal & General Assurance Society, is winding down its commitments to private equity.

The sale of Banqsoft is the last of 96 exits from the portfolio the firm bought from the Norwegian government in 2003.

Transaction volume of real estate secondaries could more than double in 2015 compared to last year, according to Greenhill Cogent’s semi-annual secondary market study released on Wednesday.