The fund of funds manager fell just shy of its $1bn target.
The firm is targeting €400m for the European fund of funds, 40% of which is earmarked for secondaries.
The firm is expected to close its third secondaries fund during the first quarter.
Backed by LPs including former parent Allianz, one-third of the fund has already been invested.
The Hong Kong-based direct secondaries firm has already closed a deal using a significant amount of the capital raised.
The Connecticut-based fund of funds is targeting $1bn for its Secondary Fund II.
The firm took about 18 months to raise its third secondaries fund, which had a $1.6bn target.
Toronto-based Northleaf Capital Partners raised $206m for its first dedicated secondaries fund, Northleaf Secondary Partners.
The Carlyle Group’s private equity fund of funds arm AlpInvest has raised $4.2bn for secondaries, including $750m for its AlpInvest Secondaries Fund V.
The Zug, Switzerland-based private markets investment manager is raising what is believed to be the largest global real estate multi-manager and secondaries funds ever. It is expected to hold final closes for both vehicles next year.
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