Limited Partners

Speaking at PEI’s Women in Private Markets Summit, representatives from investors including NYCRS expressed caution about the rise of CVs on CVs, saying such practice could make GPs appear ‘desperate’.

The hire is understood to bring the total number of professionals within the investment bank’s directs and secondaries team to 35.

The transactional nature of semi-liquid fund structures can place a lower importance on relationship building between investors and their managers, says Nicole Musicco.

Some LP-led deals that had not yet closed at the time of the US tariff announcements have either been reopened to account for valuation uncertainties or delayed.

Yale’s sizeable portfolio sale could spur a number of endowments to follow suit – with programmatic seller Harvard in market alongside it.

The separately managed account will invest into two Lexington funds, as well as co-investment opportunities.

While the exact size of the portfolio is unclear, Secondaries Investor understands the portfolio could range around the $5bn and $6bn mark.

Secondaries investors are ‘adding the equity risk premium for all the unknowns’ and breaking down deals into smaller bites to better manage risks.

The US university that pioneers the ‘endowment model’ is selling its PE investments in the secondaries market for the first time.

While some LPs that had planned to sell into the secondaries market this year are mulling whether the time is right, others are ploughing ahead with their processes – for now.