Pensions

Industriens Pension mulls adding more infra secondaries exposure

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.

Louisiana Teachers to explore PE secondaries sale

The pension plan is hoping to reduce its allocation to buyout assets, increase its liquidity and cull ‘inactive’ GP relationships.

CalPERS’ new alts head takes sophisticated approach to secondaries

Anton Orlich, architect of the US pension giant’s PE turnaround, will now also be responsible for its private credit, real estate, infrastructure and other alternative programmes.

UK’s Railpen seeks syndicate CV positions to complement primary programme

The pension fund backs single-asset CVs to gain or strengthen relationships with new and existing GPs, investment manager Pravi Prakash tells Secondaries Investor.

Florida SBA to shift away from LP-leds amid lagging secondaries performance

The $219bn system has seen ‘underwhelming’ performance from its largely LP-led secondaries portfolio, according to senior investment officer John Bradley.

Alecta’s infra buildout: secondaries offers ‘market beta’ in asset class

While the Swedish pension fund plans to double its infrastructure allocation to $4bn via external managers, it will not be seeking out secondaries, head of alternatives Jonas Nyquist outlines.

Project Ember: Ardian and Blackstone buy in on CPPIB’s large portfolio sale

The Canadian pension giant will sell its exposure in 33 funds having brought a portfolio of 56 lines to market.

CVs are not struck out of 401(k) plans

While the US Department of Labor’s March proposal flagged CVs as an area of concern in 401(k) plans, it should not be taken as a signal to rule them out.

How we conducted Secondaries Investor’s Global Market Survey

Our inaugural survey takes the temperature of LP, GP, buyer and provider attitudes towards this fast-growing market.

Download Secondaries Investor’s Global Market Survey

Secondaries Investor’s inaugural survey of LPs, secondaries buyers, GPs and advisers offers a complete view of the market and the direction it’s heading in. Conducted in partnership with Goodwin.