Prevailing wisdom is that funds in market or just coming out would have to add another three to six months on top of their fundraising schedules.
The fund's strategy will focus on acquiring IP products in film, television, music and video games.
Rubicon Technology Partners launched fundraising last fall, so if it officially closes soon, it will have raised the pool in under a year.
The fund is expected to hold to Lindsay Goldberg's strategy of investing in North American and European mid-market companies in business, financial and government services, consumer, healthcare and industrials sectors.
The firm closed Fund VIII on $1.25bn in 2017, with an additional $125m for an overage program for larger deals or follow-on investments.
A PitchBook analysis finds that the types of firms doing GP-led secondaries deals has transformed drastically in the past few years.
The virus outbreak, which has hammered the broader economy for several weeks as business activity slows, is causing sellers to delay bringing secondary deals to market.
Christopher Schelling will move to Windmuehle Funds, an Austin-based alternative investments manager founded in 2018.
Happily, most private equity firms today are equipped to tackle meetings with portfolio companies, bankers and limited partners virtually.
Musicco until January led private markets at Investment Management Corp of Ontario and prior to late 2018 held senior roles at Ontario Teachers’ Pension Plan.