The pension invested in recent funds from Cortec Group, Leonard Green & Partners and Volition, among others.
“It might not be because of the coronavirus directly, but certainly because of all that’s being done to prevent or slow the spread of it”
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 targeting $10bn and eyeing a first close by the end of next month.
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.
OPTrust has in recent years grown its private equity portfolio's share of direct deals and co-investments to roughly 50% of assets.
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.