The global investment firm's latest vehicle in the strategy will focus on secondaries and co-investments.
The deal involves the London firm's latest buyout fund which was part-raised by a 2015 stapled deal involving a group of buyers led by Goldman Sachs.
The tail-end specialist expects to have raised more than $400m by the end of the quarter for its sixth fund, Secondaries Investor has learned.
The fund is targeting $400m to invest in less competitive areas of the market, such as secondaries funds and funds of funds.
Regulation designed to draw clear lines of accountability within firms could mean a rethink of management structures or role definitions.
Brexit, the Trump administration and concerns in emerging markets are the biggest challenges to investing this year, according to the secondaries firm's founder and chief investment officer.
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.
The tail-end specialist invested in a European mid-market fund and a Polish vehicle through its £187m Secondary Opportunities V vehicle.
The asset manager has confirmed a $1.1bn haul for the vehicle, three months after Secondaries Investor reported it had held the final close.
A recommendation to digitise stamp duty payments could expose fund managers restructuring, reorganising or transferring partnerships to more tax.