Fundraising

The state's retirement system is an active investor in secondaries funds and previously committed to Coller Capital's latest vehicle.

The fund of funds, which makes primary, secondaries investments and co-investments, had an initial target of $900m.

The global fund of funds manager is three-quarters of the way towards the $500m hard-cap for its latest secondaries vehicle.

The firm, which is also in market with a dedicated secondaries fund, will make secondaries purchases from its latest real estate fund of funds.

The $180bn pension fund manager is an active seller on the secondaries market and committed to Ardian and Lexington Partners vehicles last year.

The firm founded by Michael Bego is well on its way to hitting the target for its first fund which focuses on the smaller end of the secondaries market.

San Francisco-based Industry Ventures is seeking $425m for its latest dedicated secondaries vehicle and $200m for a FoF which can also invest in the strategy.

The fund of funds manager is back in market with Pomona Capital IX, according to a US regulatory filing.

Direct investments made large gains on secondaries as a percentage of Partners Group's invested capital.

CPPIB, HarbourVest and Pantheon joined the Carlyle Group's fund of funds unit in the deal involving Lee Equity's 2009-vintage fund.