Strategic Partners purchased the legacy portfolio of Spice, formerly called APEN, in December for $192m.
The average net IRR for secondaries funds in the second quarter was up but long-term returns are little changed.
The Swiss fund of funds, formerly known as APEN, continues its new strategy of focusing on co-investments and secondaries in emerging markets.
The direct secondaries firm focuses on providing capital to founders, executives and employees of venture capital-backed start-ups who seek liquidity.
Pensions and SWFs are bringing ever larger portfolios to the secondaries market, with CalPERS's recent $3bn sale the biggest so far.
Korea
The alternative investment management firm has appointed Steve An to lead client support and business development at its first office in South Korea.
Olivier Decannière, head of Ardian UK, explains why the firm is in it for the long haul.
The state pension plan has invested in two previous Metropolitan funds.
The pension fund's first foray into private equity sees $30m allotted to three secondaries funds.
The listed fund of funds committed to HarbourVest 2015 Global Fund, which also invests in secondaries.
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