Fundraising

Taiwan's second-biggest financial holding company has committed $30m to the global investment firm's latest secondaries fund.

The US pension fund approved a $20m commitment to Capital Dynamics' latest dedicated secondaries fund which had raised three-quarters of its target by April.

The secondaries specialist raced toward a March final close on its latest fund, raising half a billion dollars in around five months.

Pantheon Global Secondary Fund V was due to hold a final close at the end of May, according to documents from the Ventura County Employees' Retirement Association.

The California retirement system wants to hire a firm to help it achieve its private equity and credit allocation target, including through opportunistic secondaries.

Greenspring Secondaries Fund II is twice as large as its predecessor vehicle.

The $16bn state pension has continued its support of the fund of funds' Dover Street vehicles with a $20m commitment.

The Ohio retirement system has emerged as a co-investor in the Blackstone unit's fund which was set up to acquire real estate stakes from the California pension.

Pension funds account for about a third of disclosed commitments to vintages from 2010 onwards, according to PEI Research & Analytics.

The sovereign wealth fund plans to sell 20 fund stakes in private equity, which has a $3.6bn market value in its portfolio.