The secondaries giant is understood to have collected at least $9bn for ASF VIII, which has a $12bn target.
People arrows maze
Money, the desire for variety and changing generational priorities could drive more secondaries investment people into the advisory world.
Louisiana Municipal Police Employees' Retirement System has re-upped with the secondaries firm, which is seeking $9bn for Fund VIII.
The firm has received a commitment from Los Angeles Water & Power Employees Retirement Plan, which is working to push its PE exposure to 8%.
Meeting room with a big polished table and arm-chairsOther photos from this business series:
Suvir Varma has spent 17 years with the management consultancy advising PE firms and SWFs on their investment strategies in Asia-Pacific.
Interactive charts showing return expectations, drivers of pricing, use of leverage and other key points from Evercore and Setter Capital's full-year reports.
Personal development promotion
Two investment professionals who focus on private equity and real estate, respectively, have been promoted.
The firm, formerly known as Deutsche Asset Management, will target up to $500m and focus on providing liquidity to GPs throughout a fund's life.
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Just over 20% of the fund is already invested in secondaries, according to founder and managing partner Jeremy Golding.
Cannes
Five surprising themes emerged from secondaries discussions on the French Riviera this week.
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