The investment bank is co-investing alongside a private equity real estate firm to buy a Budapest-based developer from TPG Real Estate.
The transaction allows Hermes GPE, on behalf of BT Pension Scheme, to reallocate to strategies including emerging markets and new managers.
The firm will earmark up to 20% of the fund for secondaries and co-investments.
The fund close comes a month after the firm raised $612m for timberland secondaries.
The firm has also added an Atlas Advisors vice-president to its secondaries advisory practice in New York.
Michael Camacho was the firm's Asia-Pacific head of secondaries between 2013-16.
The real estate investment firm owned by Tom Barrack agreed this week to buy part of the ailing Abraaj business. What do we know?
Pantheon Global Secondary Fund VI is seeking a little less than its predecessor and registered the fund in Europe in December.
The investment firm is to take control of four fund businesses and acquire Abraaj's interests in the underlying vehicles.
Pricing is key in the less-competitive market for FoF and secondaries fund stakes.
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