Edinburgh-based SL Capital closed its SOF I on $190m last year and launched its successor fund months later.
The secondaries-focused effort, which includes a commingled strategy and separate accounts, is around twice the size of the firm’s 2009-vintage programme.
Traditional secondaries accounted for about $58bn of deal flow last year, according to HarbourVest's estimate.
Funds of funds accounted for 37 percent of Elm Capital’s seller base during the second half of 2014.
Pantheon is targeting $2.5bn for its fifth secondaries fund.
The stakes include 2001-vintage Apax Europe V which still owns UK fashion retailer New Look.
San Bernardino County Employees’ Retirement Association has committed to two secondaries funds as part of its 2015 private equity allocation plan.
CBRE Capital Advisors has appointed Philip Barker to lead the business in New York.
SL Capital Secondary Opportunities Fund II launched last year with a $200m target.
Renyi Wang spent seven years focusing on secondaries at Partners Group.
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