The fund is targeting $400m to invest in less competitive areas of the market, such as secondaries funds and funds of funds.
The volume of fund of funds stakes traded on the secondaries market increased by 289% compared to FY2016, one of a number of big increases.
Elly Livingstone, who has been at the firm for 13 years, will relinquish his role to the London- and New York-based partners.
The US pension has backed the fund of funds' latest vehicle and has also committed to an SMA with the Asia-focused manager.
The German firm, which is active in fund and direct secondaries, has hired a former BNY Mellon veteran for the newly created role.
The niche investment firm's MSO II fund will target a net return multiple of 2x and IRR of 25%, Secondaries Investor has learned.
The investment firm's latest secondaries vehicle is 35% invested, according to its annual report. Here are the key figures for the firm's 2016 activity.
Talks with alternative buyers are ongoing, Secondaries Investor understands.
The parent company of AlpInvest Partners and Metropolitan Real Estate Equity Management moved on to the photo-and video-sharing platform this week.
The listed private equity trust has appointed Jeremy Teague as chairman, replacing Mark Fane, who held the job for eight years.