Pensions

LACERA sells over $1.4bn LP portfolio as investors hunt for liquidity

The deal is part of a wave of LP secondaries driven by fund investors’ desire to get proceeds from older funds.

Orange County pension mulls private markets secondaries sale

The system has not yet finalised a contract with a secondaries adviser.

Wisconsin backs former Rhode Island pension director’s debut secondaries fund

Ballast is led by managing partner Jon Popielarski, a former director of private assets at Employees’ Retirement System of Rhode Island.

CPP Investments discloses portion of €1bn Hayfin strip sale it backed

Secondaries Investor reported in December that the Canadian pension giant had teamed up with Lexington Partners to lead the transaction.

Maine pension to propose policy changes for continuation fund opportunities

The $19.1bn system looks to become the latest public pension to change rules to allow flexibility.

Pension OPTrust shops small portfolio amid larger flow of LP sales

Many limited partner institutions either have used the secondaries market to sell fund stakes, or are ready to hit the market with sales as soon as pricing hits the right level.

MassPRIM promotes within to build GP-led secondaries programme

The system recently changed its policy to allow for quick commitments to continuation funds.

Washington pension system shops large PE portfolio as secondaries surge

LP portfolio sales led volume last year, clocking in at an estimated $60bn out of a total of $115bn, according to PJT Park Hill’s full-year volume survey.

NYC Employees’ Retirement shifts focus to secondaries

Liquidity from the system’s PE portfolio dropped off over the past two years.

Maine pension seeks flexibility to roll into continuation funds

Many public pensions face governance issues when considering continuation fund opportunities.