Connection committed €3m to 17Capital III and will seek future fund commitments, said partner Claire Madden.
London-based preferred equity investor 17Capital launched its third fund last year with a €450m target.
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.
Madrid-based fund of funds manager Altamar has invested in nine secondaries transactions using its €150m Altamar Secondary Opportunities VII.
Raising a maiden secondaries fund has its challenges and requires a certain level of preparedness.
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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