Fund will exclusively acquire assets from GP's second buyout vehicle
In three years Europe has seen just nine direct secondaries transactions
Currency movements and good performance boost demand for European secondaries
Vehicle expected to reach €75m hard-cap
Fund launched in Q4 2013 with €200m target
SEC filings reveal $2.5bn target and 1% management fee
Pension fund does not rule out investments in future Altor funds
Both stakes were less than 10% of the PE-investor's stakes in the funds.
Tim Jones of Coller Capital discusses the increasingly competitive secondaries market and his outlook for 2015
Montana Annual Secondary Program II closes on hard-cap after three months
Fund will hold final close on 17 December
Fund closes on hard-cap of $1.655bn
Further consolidation of France's FCPI managers could spell an opportunity for direct secondaries
Transfers are becoming more complex as cash continues to flood secondaries market
Vehicle has already made nine investments
News comes a few months after Euro Choice V final close
Fund was raised in one year without placement agent
Firm now manages $600m of capital aimed at secondaries
Largest ever amount raised for a secondaries-focused fund-of-funds
Surpasses €200m target
Lexington cornerstones Azini 3
Private equity-focused investment manager Auda International has held the final close of its Auda Secondary Fund III (ASF III) vehicle with commitments totalling $332m.
The National Pensions Reserve Fund of Ireland (NPRF) has sold around €800m of global private equity fund interests to secondaries firm Lexington Partners.