The closure marks the largest NAV loan fundraise to date, according to the firm.
The second vintage of the secondary strategy has reached half of its €500 million target, and the programme has completed five investments across GP- and LP-led transactions.
The firm has appointed Loïc Beaumont as Head of Private Equity to lead the initiative that targets LP-led secondary positions in European buyout funds.
The closed-end fund will invest across PE buyout and growth alongside opportunistic GP-and LP-led secondaries, with commitments starting at €5,000.
The "secondaries of secondaries" strategy targets existing investors' interests in private equity secondary funds.
Secondary Opportunities Fund VI will target buyout fund investments in the private equity secondaries middle market.
LTC Invest Fund V, which is targeting $250 million in size, is reportedly anchored by Founder and CEO Konstantin Sidrov and Revolut Chairman Martin Gilbert.
The former Reed Smith fund finance counsel advises on a full range of products, including subscription, NAV, GP, co-invest, management line, and continuation vehicle financings.
In July, the firm closed its debut program targeting the strategy with more than $5.5 billion in capital commitments.
The Norwegian manager's latest €445 million hybrid investment vehicle is already 70% deployed, SecondaryLink has learned.
