Pensions

StepStone lines up on World Bank LP-led deal alongside Blackstone

Both firms are understood to have purchased an equal amount of the roughly $1bn portfolio.

World Bank closes around $1bn sale to Blackstone Strategic Partners

LP-led deals saw a record $87bn volume last year as pricing continued to increase, according to a report from Jefferies.

Oregon contemplates offloading PE investments

The LP is exploring the proposition of offloading the stakes amid a secondaries market with record activity.

Secondaries deals are on the cards for Australia’s Aware Super

The fund, which manages around $110bn on behalf of nurses and teachers, is heading towards its private markets allocation targets after a period of build-up and growth. In this podcast, Deputy CIO Damien Webb discusses the fund’s view of the secondaries market.

NJSIC proposes $400m commitment to StepStone real estate SMA

The SMA would include a commitment to StepStone’s flagship real estate secondaries fund, which has surpassed the size of its $1.4bn predecessor.

CalPERS closes multi-billion-dollar sale to Ardian, AlpInvest, Partners Group

The US pension giant has come up with a pricing strategy that could make it benefit more from this portfolio sale, Secondaries Investor understands.

Alameda County pension to adjust PE strategy, speed up continuation fund approval process

The proposals, to be voted on in February, include the recategorisation of certain private equity assets, the removal of sub-asset class benchmarks and the implementation of new sub-asset class targets.

Ardian steps up as buyer on PSP’s $1bn-plus portfolio sale

News of the sale follows the record-breaking close of Ardian’s latest secondaries flagship on $30bn.

Florida SBA’s sale shows credit secondaries are at start of significant ramp-up

The US public pension’s offloading of around $2bn in credit fund stakes marks the latest sizeable deal in the maturing market.

UK’s biggest private pension urges GP transparency around CVs, NAV loans

There have been cases when continuation funds have been ‘misused and overused’, according to Teia Merring, senior investment director at USS and chair of ILPA.