Nathan Williams
The Nordic secondaries specialist closed the oversubscribed vehicle on its hard-cap.
The tail-end specialist has acquired stakes in the UK buyout fund’s first independent fund, which invested in EMI Group, a music company.
Carried interest rose to $23m and management fee income jumped to $157m last year for the firm, which recently filed for an IPO.
While secondaries advisory volume was up year-on-year, the investment bank's capital advisory revenues were hit by Brexit and market uncertainty.
The firm has raised $215m for its property unit, which includes its latest global real estate secondaries fund.
Reports from Evercore and Partners Group herald a growing imbalance this year.
The stakes included a position in Bridgepoint Europe II, which has one remaining majority-owned asset.
Sales from fund sponsors, funds of funds and other asset managers rose sixfold year-on-year, according to Landmark Partners' report.
The $2.3bn pension's commitments include an investment in Ardian's Early Secondaries Fund VI.
The sale by the Swiss fund of funds, which is owned by Brazilian firm GP Investments, leaves the firm with stakes in six older funds.
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