Fundraising

At least 37 investors have committed to the global private equity firm's fifth dedicated secondaries fund.

The firm launched its biggest secondaries fund to date in August last year seeking $1.25bn.

The vehicle is targeting €250m and will mix primary and secondaries fund positions with direct co-investments.

The firm is also giving up its plans to raise a dedicated energy and infrastructure secondaries fund, instead rolling its efforts into its broader secondaries business.

Jeremy Coller, the firm’s founder and chief investment officer, said the bulk of the oversubscribed fund was raised in “about six months”.

The venture capital firm is seeking $100m for its second dedicated secondaries fund.

The fund of funds manager has so far raised $51.5m, according to a regulatory filing.

The London-based firm also launched its fourth fund of funds vehicle this year.

The San Rafael, California-based pension plan, which has had a relationship with Abbott Capital Management since 2008, secured discounted fees.

The target for Axiom Asia IV is still undisclosed but the Singapore-based firm’s previous vehicle sped towards its $1.15bn final close in just four months.