Private equity

As part of the system’s policy established in 2022, the pension has been building exposure to areas of private equity it may have skipped in the past such as smaller funds and growth-focused GPs.

Some LPs have explored ways to share in the future profits of an asset sold out of a CV shortly after the secondaries process closes.

The pension giant is understood to be looking to offload LP stakes valued between $2bn and just over $3bn.

It will be bigger, bolder and deliver significant networking time in the Florida sunshine.

A quick exit out of a continuation fund can also raise questions about whether a GP knew about a potential exit even while pursuing the continuation fund, or if the offer came out of the blue.

GP-led market could grow to as much as $500bn ‘effortlessly’, AltamarCAM chief executive José Luis Molina tells Secondaries Investor.

AlpInvest chair Ruulke Bagijn and global head of primaries Wendy Zhu say that the Carlyle secondaries unit is seeing higher quality LP-led opportunities come to market.

Fund of funds sales represented the majority of LP transactions by asset managers last year, according to a recent full-year 2023 volume report.

Private equity secondaries will be a $500bn market by 2030, the firm’s founder and chief investment officer Jeremy Coller tells Secondaries Investor.

The Point Investment sale is part of a wave of LP secondaries driving activity in the market this year.