Buyers are showing greater manager selectivity but are willing to pay for quality, a Palico spokesperson said.
Secondaries Investor reported last month that JPMorgan was returning to the PE secondaries market with the appointment of Tim Henn from Portfolio Advisors.
The market passed the $100bn mark in 2021, according to research by VC secondaries specialist Industry Ventures.
The Conshoshocken-headquartered investment firm gathered a further $450m in the quarter for its latest offering.
At more than double the size of its predecessor, Banner Ridge DSCO Fund II will invest in private equity funds, co-investments and early secondaries.
Latham & Watkins has hired a Kirkland & Ellis partner to help boost its secondaries capabilities.
Triton will look to carve out four assets from its 2013-vintage fund to provide additional capital for further investment in the businesses.
Secondaries fundraising dipped 30 percent year-over-year in the first half, with $31.2 billion raised, according to preliminary data from Secondaries Investor.
The departure of Christian Diller comes a year after the Baar-headquartered secondaries buyer was acquired by asset manager PGIM.
Fabrice Moyne had been at the Paris-headquartered niche secondaries buyer, which is investing its third fund, for more than 11 years.
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