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Details of Abbott Secondary Opportunities II's hurdle rate and carried interest were revealed in US pension documents.
The $669bn investment manager ran tender offers and asset sales on several funds of funds to drive a higher exit price, Secondaries Investor has learned.
Funds of funds outperformed secondaries by cash-on-cash returns in all but the four most recent vintage years, according to research by Wellershoff & Partners.
The firm has collected $740m in a final close for its latest annual partnership fund programme.
Aberdeen Standard
Graham McDonald is leaving as part of a PE and VC restructuring process, the firm tells PEI.
Ryan Levitt joins fellow Pomona alumni Olver Gardey to help manage ICG's $1bn listed PE vehicle.
Thomas Carbonel will be responsible for transaction execution at the niche secondaries firm, which is investing its $365m third fund.
The debut fund will target primary, secondaries and direct co-investments across multiple geographies, sectors and strategies.
The secondaries giant invested $11bn in the strategy last year, up from $6.4bn the prior year, according to its latest annual report.
The investment manager is seeking €700m for its eighth lower-market funds of funds, 40% of which will go to secondaries.

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