The LP interests were reportedly priced at a discount of more than 10% and included software and other tech-focused buyout funds.
An institutional LP is considering rolling approximately $300 million of existing exposure across two funds into the new vehicle, after participating in the manager's European CV earlier this year.
In July, the firm closed its debut program targeting the strategy with more than $5.5 billion in capital commitments.
The single-asset continuation fund was reportedly backed by the California Public Employees' Retirement System, Partners Capital, and Caltech.
The former head of private markets brings experience across secondaries, co-investments, and primary funds.
Singapore's SWF is reportedly marketing PE fund interests managed by firms including EQT, TPG Asia and KKR, with PJT Partners advising.
As part of its broader mandate the fund will reportedly serve as a national-level secondary vehicle, acquiring company stakes to provide strategic industries with patient capital.
SecondaryLink provides exclusive details on the fund's investment strategy, institutional backing, and other details.
The strategy will target both GP-led and LP-led transactions, with an emphasis on secured exposure to asset-backed businesses.
