Limited Partners

LPs view CVs as a useful exit tool – with a large caveat

Coller Capital’s latest barometer has found that most investors see the main purpose of continuation funds as providing an alternative to selling assets at a low valuation.

HSBC targets secondaries, co-investments with family office programme

The programme involves both GP-leds and LP-leds, Mathieu Forcioli, global and APAC head of alternatives for HSBC Global Private Banking, tells Secondaries Investor.

NYC pension systems disclose details of multi-billion sale

The New York City retirement systems confirmed that four of the five NYC pension funds are involved in the large LP-led secondaries transaction.

NYCERS explores $1bn-plus LP-led secondaries process

NYCRS, which oversees five pensions including NYCERS, has a secondaries programme in place with long-term targets ranging from 10-20% of its total PE portfolio.

Details on two Sweetwater flagships revealed

The firm launched what could be its largest-ever secondaries fund in October.

How secondaries are driving CalPERS’ structural shift

The US pension giant considers secondaries investments an important contributor of distinct advantages not found in traditional commingled funds, according to Anton Orlich, managing investment director for private equity.

$110bn Aussie superfund plans to back more continuation vehicles

The continuation fund market is clearly where the market opportunity is going, according to Aware Super’s deputy chief investment officer and head of international Damien Webb.

Mastercard Foundation buys $764m of illiquid assets from Kodak pension

The Campbell Lutyens-advised sale comes as the Eastman Kodak Company mulls a potential termination of its pension plan.

Generalist funds more attractive than dedicated LP-led, GP-led vehicles – study

Pursuing both strategies via a single fund allows for better market timing and greater diversification, according to Montana Capital’s Marco Wulff and Eduard Lemle.