Limited Partners

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.

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

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.

LACERA will be allowed to commit up to 35% of its private equity allocation to secondaries or co-investments, and up to 20% of the allocation to funds of funds.

Pennsylvania Public School Employees’ Retirement System’s sale included stakes in funds managed by New Mountain Capital, Apollo Global Management and Platinum Equity.

The portfolio sale included full stakes in assets with vintages of 2013 and older and other partial stakes.

The €255bn insurance arm of French financial giant BNP Paribas Group had brought a portfolio to market earlier this year.

MN brought the portfolio of private equity fund stakes to market this year, affiliate title Buyouts reported over the summer.

Bart van Dijk joins from global compliance firm CSC and is the industry body’s first regional head outside North America.