Pensions

Montana State plots secondaries sales

The $25.3bn US public pension wants to sell private equity fund stakes and divest of non-strategic relationships, documents show.

Lexington backs $1bn-plus Ohio Teachers’ sale

The $95bn state pension had an 11.1% allocation to private equity over a 7% target prior to the transaction, according to Secondaries Investor data.

Alaska eyes potential secondaries sale

The $81bn sovereign wealth fund is considering hiring an adviser to feel out pricing in the secondaries market, CIO Marcus Frampton said on Tuesday.

A case in Minnesota highlights the precarious nature of ESG risk

GPs can be at the mercy of even the weakest connections to adherence to ESG standards – real or perceived.

Florida SBA ‘comfortable’ with high manager concentration in PE secondaries

The US public pension is also under-allocated to secondaries versus its target, due to the denominator effect.

Citizens group asks Minnesota to review Landmark relationship

Community organisers cited the secondaries firm’s 2019 investment in Pretium Partners, whose portfolio company HavenBrook is facing scrutiny.

Performance Watch: Whitehorse Liquidity Partners

The preferred equity specialist is on track to nearly double its AUM with the latest flagship vehicle.

Lexington Partners: Transaction volumes could hit $110bn

The firm’s outlook and performance were outlined in documents obtained from the Minnesota State Board of Investment.

Meet the woman set to take over CPP Investments’ $100bn PE portfolio

Suyi Kim, previously head of Asia at the Canadian pension giant, has been named to lead its private equity unit globally.

CPPIB’s private equity head joins Northleaf to spearhead secondaries

Shane Feeney, who has been responsible for overseeing the pension giant’s roughly $101bn private equity portfolio, will join as global head of secondaries.