The firm has raised $200m so far for its new dedicated secondaries fund.
The listed fund of funds also invested $6m in HarbourVest’s international fund of funds HIPEP VII.
The bank is coming to market with a large portfolio of private equity fund stakes, according to sources familiar with the matter.
The California pension fund responds to a letter sent to it by State Treasurer John Chiang calling for legislation on fee disclosure.
The New York-based asset management firm, one of the most active players in real estate secondaries, has acquired a majority stake in the Cleveland-based real asset adviser primarily from Chicago-based private equity group GTCR for $380 million.
Some of the largest secondaries firms have snapped up stakes in tail-end funds managed by Cinven, which was one of the most popular European LBO managers in the second half of 2015.
Based in Menlo Park, California, the senior investment director will specialise in secondaries and fund of funds research.
John Chiang urges CalPERS and CalSTRS to work with him to 'mop up another private equity industry mess'.
Morgan Stanley sign - iStock
The fund of funds will target primary funds, secondaries and co-investments.
The private equity unit of Deutsche Bank has invested in about eight deals so far from its $1.7bn secondaries fund.
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