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Partners Group's Dmitriy Antropov discusses the strength of asset pricing, the best ways to source deals and the skill set required for due diligence in this third extract from The Secondaries Market.
The investment from the Swiss pension includes a commitment to the firm's timberland fund which focuses on secondaries.
The advisory firm and placement agent hired a former Champlain Advisors partner who will focus on energy and real assets opportunities.
The global investment firm's 1991 and 1996-vintage Dover Street funds are its best performing secondaries vehicles, according to a document obtained by Secondaries Investor.
The global investment manager's initial target for Real Assets Fund III was $500m, according to a document obtained by Secondaries Investor.
Setter Capital says timber accounted for the majority of transactions within the $331m in secondary sales of stakes in agriculture and timber funds recorded in 2016.
It is understood the vehicle, which launched in February, will make secondaries investments.
The global investment manager has already made one secondaries deal from its latest fund of funds in the strategy.
Macroeconomic concerns have weighed on secondaries market participants' minds over the last 12 months and have had varied effects.
Total deal volume in the first half fell to around $17bn, according to the advisory firm's mid-year report.