The firm has raised around 90% of the target for its latest fund focusing on VC fund and direct secondaries, documents from a US pension show.
2 min read · 28 March 2017
The $311bn pension fund’s former CFO left last month for a similar position at her alma mater in British Columbia.
2 min read · 28 March 2017
The $50bn pension is searching for a consultant to help it with private markets investments including secondaries.
1 min read · 23 March 2017
The firm will avoid leverage to fund deals and will instead use a credit facility of up to $360m for deals from its Global Secondary Fund 6, according to a memo revealing fund terms.
2 min read · 22 March 2017
The endowment had previously sold about $1.7bn in private equity fund stakes in an effort to cut down its number of manager relationships.
3 min read · 22 March 2017
The firm’s best performing secondaries vehicle by investment return is its 2000-vintage Lexington Capital Partners IV, documents from a US pension show.
2 min read · 21 March 2017
Five observations on Canada’s largest private equity investor and its approach to the secondaries market.
3 min read · 17 March 2017
The pension exited two funds in February and is under contract to sell 10 more private debt and real estate fund stakes worth $88.91m by the end of March.
3 min read · 10 March 2017
Lexington Middle Market Investors IV has a hurdle rate of 7% and a phased carried interest structure to 12.5%, documents from a US pension show.
2 min read · 09 March 2017
