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AIG European RE Partners II raised $275m and invested in European hospitality, retail and office buildings, such as Hamburg-based Stadtpark Quartier.

PSERS has sold 17 LP interests in an effort to reduce its exposure to private equity.

Madrid-based fund of funds manager Altamar has invested in nine secondaries transactions using its €150m Altamar Secondary Opportunities VII.

Global secondaries funds in market account for more than $22.3bn of the aggregate target, according to PEI data.

The Fourth Cinven Fund raised €6.58bn in 2006 and exited allergy testing company Phadia for $3.52bn in 2011.

Real estate represents the largest share of real assets secondaries and the growth of the market is one of the key trends of 2014, according to a quarterly update from Credit Suisse.

Portfolio Advisors has bought into Milestone Capital's EAC Fund III, which generated a 2.2x return on its investment in textile care services company 5àSec.

Chevron has built its position in Standard Life European Property Growth Fund, having purchased stakes from Hanwha Life Insurance and Cambridgeshire County Council.

Zurich-based pension fund Nest Sammelstiftung initially committed $4.3m to Partners Group Emerging Markets 2011.

Verdane acquired in-home elderly care company Caretech from closed-doors firm Småföretags Invest in 2006.