Investors

HSBC targets secondaries, co-investments with family office programme

The programme involves both GP-leds and LP-leds, Mathieu Forcioli, global and APAC head of alternatives for HSBC Global Private Banking, tells Secondaries Investor.

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.

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.

Generalist funds more attractive than dedicated LP-led, GP-led vehicles – study

Pursuing both strategies via a single fund allows for better market timing and greater diversification, according to Montana Capital’s Marco Wulff and Eduard Lemle.

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.