Private equity

The position will add to the firm’s existing four-person data science team to help build the next generation of data-driven private equity investment tools.

The firm is looking to close on its third and largest secondaries fund, after closing its second such fund in 2021.

Diversis, formed in 2013, acquired a majority stake in Tempo in 2018, and bought the rest of the company in 2022.

The GP-led and special situations-focused manager had raised around one-quarter of its target as of mid-May.

The country’s largest public pension will pursue both private equity and private credit continuation fund opportunities, according to investment policy committee member Sam Y Chung.

Such alternatives could be better options than selling fund stakes if LPs must take massive discounts, according to the $251bn pension’s senior investment officer John Bradley.

The niche secondaries firm is seeking $450m for Glouston Private Equity Opportunities VII.

There are some sizeable LP-led portfolios out in the market. However, one LP believes collateralised fund obligations and NAV loans could provide attractive alternatives to traditional portfolio sales.

Growth equity assets are seeing ‘pretty good’ bargains, yet the mismatch in valuation expectations may hinder dealmaking.