Private equity

Benoît Durteste says investing the capital would not be challenging – a change in tone compared with comments he made in September regarding larger GP-led deployment.

LACERA will be allowed to commit up to 35% of its private equity allocation to secondaries or co-investments, and up to 20% of the allocation to funds of funds.

The deal follows the close of LGT Capital Partners’ last flagship fund, which closed above its target on over $7bn.

The Middle East has seen increased interest in recent years with placement agents, advisory firms and GPs opening outposts there.

Research suggests evergreens can pay 6 points higher on average for LP portfolios than closed-end funds – findings that may not fully reflect all market dynamics.

The firm is seeking as much as $150m for Seine Capital Liquidity Solutions, which has a $200m hard-cap.

Ardian’s continuation fund for Syclef marks its first such transaction involving one of its own assets. It is also Astorg’s first deal for its single-asset strategy.

Pennsylvania Public School Employees’ Retirement System’s sale included stakes in funds managed by New Mountain Capital, Apollo Global Management and Platinum Equity.

The French asset manager has closed a single-asset CV for a French cybersecurity company, Secondaries Investor has learned.

The London-headquartered firm had been mulling a CV for three assets, including AssuredPartners and Safetykleen, Secondaries Investor has learned.