The firm's 2021 predecessor was formed in partnership with Ardian and focused on US middle market secondaries.
The strategy, anchored by a Korean institutional investor, has adopted an evergreen semi-liquid structure aimed at capturing emerging credit secondary opportunities throughout the cycle.
The firm's $3.1 billion in Q3 secondaries inflows were driven primarily by its tenth private equity and ninth real estate secondary funds.
The reported capital pool forms part of the firm's broader $920 million fundraise across its venture investment strategies.
Pantheon Global Secondaries Fund VIII will target LP-led and GP-led transactions across the global middle market, with a particular focus on buyout strategies.
The firm closed its second vehicle for the strategy in January, securing $1.6 billion in capital commitments at its revised hard cap.
Industry Ventures Secondary XI, which remains in the market, received a $150 million commitment from the South Carolina Retirement System in July.
The fund's 2023-vintage predecessor closed with $212 million in capital commitments, according to SecondaryLink Data.
StepStone VC Secondaries Fund VII has already held its first close at $1 billion, with total capital commitments having exceeded $1.3 billion in August, according to SecondaryLink Data.
The new tool makes it easier to understand fundraising and filing activity across the secondary market, including continuation vehicles, closed-end secondary funds, and evergreen secondary funds.
