The $12.1bn pension system made three recent commitments, including a $15m re-up to Lexington Capital Partners’ seventh secondaries fund.
1 min read · 23 August 2011
The $43bn United Nations Joint Staff Pension Fund carved out a 6% allocation to private equity last year and has made its first commitments to big funds this summer.
2 min read · 29 July 2011
The Swiss firm is poised to bring a third secondaries fund to market after closing its predecessor, Crown Global Secondaries III, on $1.2bn last year.
1 min read · 29 July 2011
The $65bn pension system earlier this year completed a secondary sale run by Cogent Partners of fund stakes in TPG Capital, Apollo Global Management and Warburg Pincus.
2 min read · 27 July 2011
The global secondaries firm acquired an interest in 20 Cognis Capital portfolio companies in the deal, which allows existing stakeholders to sell their stakes or rollover into the new fund.
1 min read · 26 July 2011
Several US pension funds have adopted a similar strategy in an effort to cut ties with GPs and eliminate management fees.
2 min read · 25 July 2011
The firm’s fifth secondaries fund of funds, launched late last year, is approaching its $3.5bn target.
1 min read · 12 July 2011
The San Francisco secondaries firm exceeded its sixth fund’s $300m target by attracting new LPs and re-ups.
1 min read · 11 July 2011
Secondaries specialist Cipio Partners has promoted two of its team, including its chief financial officer, to managing partner, in a bid to introduce a younger generation to the firm’s senior management team.
1 min read · 08 July 2011
Concern is increasing about struggling funds that will cling to life for as long as possible to keep collecting fees. LPs must get together to kill them off, writes Christopher Witkowsky.
3 min read · 08 July 2011
