Fundraising

Origami Opportunities Fund III's strategy includes direct secondaries and restructurings deals and will focus on North America and Europe.

The asset manager will seek up to €300m to invest in deals which often include tax, regulatory or structural complexity.

Neuberger Berman enjoys limited competition in its section of the secondaries market for two reasons, according to a memo from the $29bn pension.

This is the second commitment by the pension to funds managed by Portfolio Advisors, which is seeking $1bn for its latest secondaries vehicle.

The investment bank also raised over half a billion dollars for a dedicated real estate secondaries fund last year, according to documents seen by Secondaries Investor.

The direct secondaries firm, which bought the India-focused portfolio of Draper Fisher Jurvetson earlier this year, will open its second overseas office in Mumbai by year-end.

The mezzanine powerhouse has completed at least three deals from its latest secondaries fund which focuses on restructurings.

The VC fund of funds took around four months to raise its latest fund, which was oversubscribed.

About 40% of the fund, which is tailored to the UK defined contributions pensions industry, will be invested in private markets including private equity and real estate secondaries.

Secondaries firm Whitehorse Liquidity Partners, which has raised a sixth of the target for its debut fund, has tapped a seven-year Canadian public pension veteran as CFO.