Limited Partners

The rise of LP continuation fund investors

While there is certainly a host of alignment issues LPs would like to see resolved, a number of investors have adjusted their policies to invest in continuation vehicles.

North Carolina eyes GP-led secondaries, opens up to more co-investment

The US pension’s investment committed noted the global secondaries market is a more intriguing opportunity after deal volume hit a record in the first half of this year.

What do LPs really think of continuation funds?

Investors including Alaska Permanent, Caisse des Dépôts, Skandia, New York City Retirement Systems and TRS Texas share their views on how this market can be improved and how they are positioning themselves to take advantage of CVs.

‘Last mile’ legal costs of fund transfers leave LPs to foot the bill

Transfer agreements are seen as a $100,000 ‘copy & paste job’ by some and ‘complex legal contracts’ that law firms are losing money on by others.

GP-leds account for just 3% of annual distributions to LPs – Ham Lane

Data from the consultant prepared for Teachers’ Retirement System of Louisiana shows the strategy still has room to grow.

What do LPs get out of selling on the secondaries market?

Despite a couple of pulled-transaction anomalies, secondaries sales are still seen as a powerful tool for rebalancing portfolios.

CPP Investments taps Caitlin Gubbels to lead global private equity

In taking over from Suyi Kim, Gubbels will become the Canadian giant’s second consecutive female private equity head.

Alameda County pension to speed up roll process for private credit continuation funds

The new policy would let ACERA’s staff make the decision to roll existing assets or portfolios into continuation funds if that falls in line with ACERA’s financial consultant’s recommendation.

Opportunity for ‘significant’ LP selling activity in coming months – Jefferies

LP-led deals accounted for $40bn of the $68bn of global secondaries volume seen in H1 2024 as bid-ask spreads narrowed.

Growing number of wealthy individuals getting into secondaries – Palico report

A recent Palico white paper found 36% of sellers on its platform this year are high-net-worth individuals, compared with just 11% last year.