Monte Rosa IV, which is more than twice the size of its predecessor, will invest across primaries, secondaries and co-investments.
The fund of funds manager invested around €200m in secondaries and co-investments last year, according to a statement obtained exclusively by sister publication Private Equity International.
Sweetwater Capital Partners will advise clients on single deals allowing LPs direct access to secondaries, co-investment and direct transactions.
The sovereign wealth fund plans to sell 20 fund stakes in private equity, which has a $3.6bn market value in its portfolio.
Co-investments in secondaries can add another layer of complexity for LPs, according to a partner at London-based Coller.
Co-investments can help a secondaries buyer bridge any financing gaps to purchase a large portfolio.
Kelly left Pomona in August and is starting as a partner at New York-based Farol this month.
Jim Strang’s appointment reflects the growth in the alternative investment management firm’s UK business.
The closed-end fund targets high net worth investors and invests predominantly in funds sponsored by The Carlyle Group.
Ardian is hiring throughout the company, including in its fund of funds business. Its portfolio companies include US pet supply store giant PetSmart.