Fundraising

The investment firm has amassed $1.7bn for the vehicle and is eyeing a summer final close.

Monte Rosa IV, which is more than twice the size of its predecessor, will invest across primaries, secondaries and co-investments.

The preferred equity pioneer had a 90% re-up rate in its latest vehicle that exceeded its initial target.

The preferred equity specialist has amassed $400m for its debut fund and made a raft of appointments.

The vehicle has a specific focus on complex transactions, including GP-led restructurings.

The secondaries firm's previous funds have attracted commitments from investors including Australian superannuation funds and Dutch pensions.

European Secondary Opportunities II is already more than 40% committed, Secondaries Investor has learned.

The number of dedicated funds and the aggregate amount of capital they are seeking remains little changed compared with a year ago, according to PEI data.

The fund of funds manager invested around €200m in secondaries and co-investments last year, according to a statement obtained exclusively by sister publication Private Equity International.

The Japanese pension giant has issued a call for funds of funds separately managed accounts across global private equity, infrastructure and real estate.