Rod James
The 2004-vintage Lion Capital has invested in names including Weetabix, Jimmy Choo and Russia's largest vodka producer.
Baltimore Fire and Police is mulling a commitment to the vehicle.
The firm's latest secondaries fund, the $1.1bn Strategic Secondaries II, was 50% invested as of the end of September.
The private markets arm of the Swiss bank is searching for candidates to focus on secondaries as well as primaries and co-investments.
Kuwait Investment Authority has been offloading European private equity stakes in line with changes taking place at its London office.
New York-based Sean Brenan and Brian Musto are part of more than 500 promotions at the bank.
The Cincinnati-based firm's last secondaries fund was a 2013-vintage, $150m vehicle which acquired stakes in VC, buyout and mezzanine funds.
A survey conducted by Private Equity International and Montana Capital Partners showed that the direct route is most popular, followed by GP-leds and small secondaries.
The secondaries firm has acquired at least three stakes in the 2007-vintage buyout fund after acquisitions from LGT Capital Partners in April.
The firm, which caters to investors from the non-profit sector, is seeking $350m for its latest vehicle.