RCP Secondary Opportunity Fund III, which launched in July with a $500m hard-cap, will focus on lower and mid-market North American funds.
Secondaries have under-performed the All Funds index across all timeframes under review, according to the LP association.
The listed vehicle invested in six secondaries deals in the three months to the end of August, including transactions in transport, energy and turnaround funds.
Investments made by the firm's $2.7bn fund reveal high exposure to growth capital and China, according to its interim results.
The French spinout is planning to launch a fund of funds vehicle with secondaries and co-investment pockets by the end of the year.
The Finnish investment firm has acquired a bundle of buyout stakes in a €138m deal from the French asset manager, Secondaries Investor has learned.
A 'flood of capital' in secondaries has pushed up valuations for flow names, according to the investment firm's Asia-Pacific private equity co-head.
The firm expects to have raised around $1.5bn by October for its latest fund of funds that can invest up to 30% in secondaries and direct co-investments.
The firm is pushing towards its €300m hard-cap before the year is out, Secondaries Investor has learned.
The European firm, which was acquired by Unigestion in February, will allocate as much as 20% to secondaries with its latest fund of funds.