Pensions

NYC pension systems disclose details of multi-billion sale

The New York City retirement systems confirmed that four of the five NYC pension funds are involved in the large LP-led secondaries transaction.

NYCERS explores $1bn-plus LP-led secondaries process

NYCRS, which oversees five pensions including NYCERS, has a secondaries programme in place with long-term targets ranging from 10-20% of its total PE portfolio.

Will there be more Kodak moments in the secondaries market?

The Kodak-Mastercard Foundation transaction suggests further corporate sellers may come to the secondaries market as they go through structural shifts.

How secondaries are driving CalPERS’ structural shift

The US pension giant considers secondaries investments an important contributor of distinct advantages not found in traditional commingled funds, according to Anton Orlich, managing investment director for private equity.

$110bn Aussie superfund plans to back more continuation vehicles

The continuation fund market is clearly where the market opportunity is going, according to Aware Super’s deputy chief investment officer and head of international Damien Webb.

Mastercard Foundation buys $764m of illiquid assets from Kodak pension

The Campbell Lutyens-advised sale comes as the Eastman Kodak Company mulls a potential termination of its pension plan.

CPP Investments was sole buyer of PSG’s multi-fund tender

The Canadian pension giant was able to secure priority allocation and fill its intended exposure as the lead in the process, Secondaries Investor understands.

LACERA proposes guidelines to up allocation to secondaries

LACERA will be allowed to commit up to 35% of its private equity allocation to secondaries or co-investments, and up to 20% of the allocation to funds of funds.

Blackstone was sole buyer of PSERS’ secondaries sale

Pennsylvania Public School Employees’ Retirement System’s sale included stakes in funds managed by New Mountain Capital, Apollo Global Management and Platinum Equity.

Massachusetts pension seeks manager for real estate debt secondaries

Credit and real estate secondaries could see $7bn and $11bn of deal volume each this year, per advisory reports.