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The firm has bought two offices in the center of Milan from Unicredito Immobiliare Uno via a secondary transaction it dubbed as a “win-win” for both the seller and buyer.

A group of secondaries firms purchased LP interests in two special situations funds for a single-digit discount to net asset value.

The amount of unrealised value in tail-end funds will reach $337bn by 2017, according to a report from Credit Suisse.

Direct secondaries firm Nova is among four final bidders that would recapitalise Fenway’s 1998-vintage Fund II and 2006-vintage Fund III.

The Oregon Public Employees Retirement Fund committed $100m to Montauk TriGuard Fund VI.

The UPS Group Trust didn’t buy any real estate assets on the secondaries market during the second half of 2014 because of high prices.

Hong Kong-based NewQuest Partners is seeing a more robust pipeline build up in Asia’s direct secondaries market, particularly in 2004- to 2007-vintage funds.

Last year it emerged that Strategic Partners had a $400m separate account for the strategy.

The deal, orchestrated by Cogent, will let Perseus finally wind down operations.

Hollyport has deployed its fourth secondaries fund in 14 transactions and could launch its fifth fund in the second or third quarter.