Isobel Markham
The newly listed asset manager has pooled capital from nine Finnish LPs to invest in secondaries and large US and European buyout funds over a two-year period.
Olivier Carcy, who oversees a $3.2bn private equity programme at wealth manager Indosuez, said LPs should be compensated for the use of their credit rating.
The London-headquartered buyout firm is following in the footsteps of peers such as CVC, KKR and Carlyle Group in establishing a technology-focused fund.
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The French player has raised €310m for Parquest Capital 2, which will invest in French SMEs.
The asset manager has raised more than $125m to invest in private equity impact funds, particularly in emerging and frontier markets.
The firm has invested in Italian dental services provider DentalPro as it continues to fundraise towards its €7bn target.
Per Olofsson, head of alternative investments at the Swedish pension fund, said subscription credit lines should be used for capital efficiency and not to artificially boost IRRs.
The UK firm has amassed £500m for the vehicle, its first as an independent manager.