The Hong Kong-based firm's fundraising comes amid heightened interest in Asian secondaries.
NorthStar Realty Finance was one of the buyers in transactions that totalled about $500m out of the $1bn offering.
Madrid-based Portobello Capital considered selling remaining companies, including The Ice Cream Factory, but opted for a fund restructuring with HarbourVest to add value to the portfolio.
The State Board of Administration of Florida is a frequent seller in the secondaries market.
The bank has decided to let the investments run through the end of their life and may consider tapping the secondaries market only if interests remain by the Volcker Rule’s July 2017 deadline.
The private equity arm of Neuberger Berman has bought a stake in a $581m buyout vehicle, according to a UK regulatory filing.
The London-based tail-end fund specialist began fundraising for its latest dedicated secondaries fund in June.
Dallas-Fort Worth International Airport Retirement System previously invested $5 million in Permal Private Equity Opportunities IV.
Tail-end funds sold at an average 10 to 15 percent lower than more recent funds, according to investment bank and secondaries advisory firm Greenhill Cogent.
The sovereign wealth fund has hired Cogent to advise on the transaction, which could total about $1bn.
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