Pensions

LACERS, long on the sidelines, prepares to enter secondaries

LACERS CIO Rodney June: ‘The opportunity set has grown’ in private equity secondaries market as $26bn pension eyes potential participation.

La Caisse shops NA and APAC exposure on secondaries market

The pension fund’s sale of private fund stakes in private equity and real estate is understood to be substantial in size, Secondaries Investor has learned.

CPP Investments names new head of secondaries

The $524.4bn investor has been actively using the secondaries market as a portfolio management tool, as well as for buyside opportunities.

Vermont works to get dollars in the ground in secondaries

While some LP consultants argue it is difficult for LPs to gain access to top-decile secondaries funds, Vermont CIO Eric Henry argues that mentality can also be applied to the primary market.

Malaysia’s KWAP looks to increase PE secondaries exposure

The $38bn pension fund targets 40% in buyouts, 30% in secondaries, 20% in growth and 10% in venture capital within its PE portfolio, says CIO Hazman Hilmi Sallahuddin.

Dutch pension MN returns to secondaries market with latest LP-led

MN and its European peer APG are among a wave of global LPs seeking to offload private market holdings amid market uncertainty.

Ardian, with $30bn war chest, emerges as buyer of large portfolio shopped by APG

The €590bn Dutch pension manager’s sale is a re-engagement with the market after the system pulled a similar offering last year.

Florida SBA’s Bradley: CVs not so attractive ‘when we put our LP hat on’

A key concern is that a GP may not have market-tested the highest selling price of an asset, according to the $212bn pension’s senior investment officer for PE.

New Jersey explores $1bn-plus secondaries sale

The pension joins several large North American LPs that have considered or already sold more than $1bn of private markets exposure this year.

NYS Common commits $550m to TPG’s GP-led strategy

The pension committed $500m to GP Solutions II’s predecessor, marking the biggest commitment made to a secondaries fund last year.