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Two Danish pension funds sold their stakes in the 2010- and 2016-vintage vehicles.
Secondaries Investor reported in October that Rothschild's Five Arrows unit was leading the stapled deal.
Andrew Hawkins, Ricardo Lombardi and Christophe Browne discuss their latest fundraise, single-asset deals and the things that matter most to LPs.
The firm targets Nordic buyout funds via portfolios, single lines, restructurings and co-investments.
The appointment comes one month after the firm's EMEA secondaries head Richard Hope became regional head across all strategies.
The two were among several big names to back the deal, either as rolling LPs or new backers, according to general partner 3i.
German flag
Jörg Goschin of KfW Capital said the firm is working with the government to make it easier for VC LPs to access liquidity.
The firm's strategic equity unit has held the final close on its third fund which is already 20% invested.
The €2bn restructuring of PAI Europe V, centred around one of the world's largest ice cream makers, suggests the secondaries market may be too small.
Speaking at IPEM, chief exec Virginie Morgon said secondaries will continue to play a role in increasing third-party AUM across its business lines.

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