Public pension systems that are overallocated due to the denominator effect and market volatility are expected to produce a flood of fund stake sales.
2 min read · 28 September 2022
When it comes to pricing, speed is of the essence for LPs looking to sell portfolios, yet is only one piece of the puzzle.
3 min read · 15 September 2022
The deputy CIO of the US’s largest public pension would have authority to buy up to $2bn-worth of fund stakes without investment committee authorisation, documents show.
2 min read · 13 September 2022
StepStone Group was the lead investor on Adelis Equity Partners’ single-asset continuation fund, with LACERA joining as junior lead.
2 min read · 25 August 2022
Public pensions drove the LP-led market in H1, as allocation pressures led them to sell despite worsening price dislocation, Campbell Lutyens found.
2 min read · 18 August 2022
The sale, valued at around $6bn by net asset value plus unfunded commitments, ranks among the largest to ever trade.
3 min read · 14 July 2022
Many public institutions in the US are exploring portfolio sales thanks to a confluence of factors that has left them at, or above, their private equity allocations.
4 min read · 06 July 2022
The Canadian pension giant has spent two years rebuilding its senior secondaries team with internal promotions and hires from GIC and Partners Group.
2 min read · 13 June 2022
Some public pensions appear to think any sunlight allowed on their private equity decision-making processes would cause irreparable damage to their ability to continue investing in the asset class.
3 min read · 12 May 2022
Secondaries pricing has become uncertain, with inflation, supply chain disruptions, geopolitical turmoil and rising interest rates causing public market volatility since the beginning of the year.
3 min read · 21 April 2022
