Sales from fund sponsors, funds of funds and other asset managers rose sixfold year-on-year, according to Landmark Partners' report.
The Swiss investment firm's Euro Choice VI has already closed three secondaries deals.
The investment bank’s fund investments subject to the regulation stood at $6.5bn at the end of 2016, and the bank is awaiting approval for its latest extension request.
The secondaries investors also committed to a blind-pool fund which the UK buyout firm will use for co-investments.
The $2.3bn pension's commitments include an investment in Ardian's Early Secondaries Fund VI.
The management company of the US's largest university endowment has been an active seller on the secondaries market in recent years.
'PE directs' were underwritten at higher target multiples than purchases of stakes in any type of strategy last year, according to Setter Capital.
The sale by the Swiss fund of funds, which is owned by Brazilian firm GP Investments, leaves the firm with stakes in six older funds.
The stakes include up to $10m in secondaries funds in addition to buyout, credit and real estate fund interests.
While fund ownership should be shared, the management company needs to ‘build out a vision’ around one leader when starting out, Coller said.
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