North America

The fund is over half the size of its predecessor, which closed on $14.2bn in 2023.

The pension joins several large North American LPs that have considered or already sold more than $1bn of private markets exposure this year.

The semi-liquid fund aims to provide ‘diversified access to high-quality private growth companies’ through direct and secondaries, per a statement affiliate title PEI has seen exclusively.

Tori Buffery has left Nicola Wealth to join Neuberger Berman’s secondaries investment team.

Rolling investors into the new fund include Partners Group, HighVista Strategies, Committed Advisors and Hollyport Capital, according to a statement.

The Secondaries Investor 50 ranking shows fundraising is on an ever upward trajectory – and few are predicting when it will stop.

ASP VIII attracted over 325 global investors across pension funds, insurance companies, asset managers and other types of LPs.

The fund has collected $365m, which is nearly double its launch target.

The firm this week said it had raised $5.5bn for the market’s largest infra secondaries fund.

NewView spun out of Silicon Valley venture giant NEA in 2018 through a deal backed by Goldman Sachs and Hamilton Lane.