The increase in the number and size of debt funds augers well for an asset class expected to grow on the back of compressed equity returns and persistently low interest rates.
The fund has sub-vehicles investing in asset classes such as PE, debt and infrastructure, each of which can commit 30% to secondaries.
The firm has already raised €500m from European investors and will now pitch the vehicle to Australian LPs.
More than a third of limited partners in infrastructure funds expect to increase their exposure to the asset class over the next 12 months.