Endowment Wealth Management, a financial advisor from the American mid-west, has already bought six stakes in startups valued at more than $1bn.
The firm's niche secondaries fund has closed above its $400m target after 16 months of fundraising.
The investment firm has acquired minority direct stakes in the fund's portfolio companies and will work with the Italian manager to raise a country-focused fund.
Two reports conclude transparency requirements are affecting the GP-LP dynamic and can be difficult to achieve.
RCP Secondary Opportunity Fund III, which launched in July with a $500m hard-cap, will focus on lower and mid-market North American funds.
The firm's main business is giving Canadian investors low-cost access to KKR funds through a Canada-domiciled vehicle.
The Swiss niche secondaries firm took 10 weeks to raise its previous vehicle which held a first and final close on €406m in 2015.
This is the first dollar-demoninated fund for the tail-end specialist, which attracted US and multinational institutional LPs to its latest vehicle.
Details of the firm's latest secondaries vehicle were revealed in documents prepared for PSERS, which made its debut commitment to a fund managed by the GP.
The secondaries firm has surpassed the target of its latest fund and is yet to hold the final close on its latest vehicle.
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