Limited Partners

The King Abdullah University of Science and Technology Endowment is shopping a portfolio that is at least $1bn in size, PEI Secondaries Investor understands.

While an increasing number of LPs are embracing CVs, they remain wary of overreliance on the structures, said panellists at IPEM Global in Paris.

Being a ‘co-operative partner’ during LP-led transactions can have hidden benefits, a private equity GP tells PEI Group’s Commitment Issues podcast.

Endowments and foundations using outsourced investment offices increasingly view GP-led secondaries as a way to deploy capital more quickly into private markets, prioritising performance opportunities over liquidity concerns.

The new legislation will bring buyers’ offshore execution to an end, which under stamp duty came with its own grey areas in a digital age, Hogan Lovells Cadwalader’s Elliot Weston tells Secondaries Investor.

Some institutions are expected to lean into equity-based strategies as they seek a new home for 2026 credit allocations.

The Danish retirement scheme favours indirect over direct investment in secondaries and has made commitments to all five infra secondaries vehicles managed by Pantheon, infrastructure funds head Mikkel Kjaersgaard tells Secondaries Investor.

The insurer had shopped a portfolio of funds and co-investments with a net asset value of $1.8bn, Secondaries Investor understands.

The continuation fund houses eight assets, with five to six making up the bulk of net asset value, Secondaries Investor understands.

There’s reasons on all sides to settle on market practice when it comes to continuation vehicle guidance – lest regulators decide it for you.