Senior investment officer Jonathan Popielarski discusses why the US pension wants to acquire stakes on the secondaries market and what it is looking to buy.
4 min read · 21 May 2019
The pension, which has $1bn in PE assets, invested in Dover Street X and a VC fund of funds managed by Top Tier Capital Partners.
1 min read · 30 April 2019
The pension, which has almost $4bn in PE assets under management, has committed $100m to ASF VIII and made its first commitment to an Ardian co-investment fund.
1 min read · 29 April 2019
The pension’s advisor Cliffwater has recommended the pension offload older stakes and exploit the lack of competition at the small end of the market by purchasing individual fund positions.
2 min read · 23 April 2019
The investment firm is offering an annual fee reduction of 5 basis points to LPs that commit to Dover Street X before the end of May.
2 min read · 09 April 2019
The US’s second-largest pension fund committed $500m to ASF VIII, twice the amount it invested in the firm’s previous secondaries programme.
2 min read · 08 April 2019
Offloading a $1.3bn portfolio to Ardian helped push the pension system to a since-inception DPI capital ratio of 1.0x.
2 min read · 02 April 2019
The North East England pension fund is seeking to increase its exposure to secondaries markets this year.
1 min read · 15 March 2019
The $31bn Connecticut Retirement Plans and Trust Funds will also consider sales of interests in funds managed by discontinued GPs.
2 min read · 15 March 2019
