The "secondaries of secondaries" strategy targets existing investors' interests in private equity secondary funds.
SecondaryLink first reported on the Euronext-listed manager's plans to launch credit & infrastructure secondaries products in July.
The London-based manager is reportedly expanding its secondaries platform following a record $6.4 billion flagship close in July.
Following the establishment of a dedicated GP-led secondaries team earlier this year, the London-based firm has reportedly secured around €1 billion at first close.
The Geneva-based firm targets late-stage single-asset secondary investments across technology and digital ventures.
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.
Builders Vision, iAlumbra Capital, and Sonen Capital have joined the investor base as the fund continues deploying capital.
The London-based manager has completed five tertiary transactions to date, acquiring more than $700 million in NAV across multiple private equity secondary funds.
