Olivia Atkins
Pantheon Global Secondary Fund V has a $2.5bn target.
Three Asian secondaries funds closed on $600m in 2014, PEI's Research and Analytics division disclosed.
UniCredit has sold at least nine private equity fund stakes to its asset manager spin-out SwanCap.
Lawyers, including Proskauer's Sean Hill, expect GPs to invest in more complex and non-traditional secondaries deals in 2015.
AIG European RE Partners II raised $275m and invested in European hospitality, retail and office buildings, such as Hamburg-based Stadtpark Quartier.
Madrid-based fund of funds manager Altamar has invested in nine secondaries transactions using its €150m Altamar Secondary Opportunities VII.
Small and mid-market secondaries funds attract family offices because of their high velocity of capital and low risks.
Q2 closed the most funds this year and raised almost half of the total capital.
Fleming Family & Partners expects secondaries to make up 20 percent of some clients' portfolios in the next three years, according to investment manager Richard Clarke-Jervoise.
Managing director Cari Lodge joined Commonfund in January to oversee its secondaries investments.
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