Investors

SEC proposes sweeping changes that affect secondaries industry

The proposals include the requirement to obtain a fairness opinion on the prices of secondaries transactions.

How the private wealth market is addressing the liquidity issue

A growing number of liquidity providers are looking for a piece of the private wealth market, all trying to demonstrate a distinct edge.

Montana State plots secondaries sales

The $25.3bn US public pension wants to sell private equity fund stakes and divest of non-strategic relationships, documents show.

Secondaries may be the key to democratising private equity

The secondaries market is expanding private equity access to individual investors and defined contribution pension plans.

ADIA warns of competition from continuation funds on PE assets

The sovereign wealth fund expects competition for attractive companies to remain intense or even accelerate.

Citizens group asks Minnesota to review Landmark relationship

Community organisers cited the secondaries firm’s 2019 investment in Pretium Partners, whose portfolio company HavenBrook is facing scrutiny.

Glendower, BlackRock back healthcare GP-led

The deal is the second that Glendower has backed in healthcare in recent months, following the €700m DomusVi process last month.

POBA commits to Brookfield’s real estate secondaries fund

The South Korean public pension fund has backed Brookfield’s latest investment strategy.

Meet the woman set to take over CPP Investments’ $100bn PE portfolio

Suyi Kim, previously head of Asia at the Canadian pension giant, has been named to lead its private equity unit globally.

CPPIB cuts secondaries commitments for second straight year

The pension moderated the pace of new secondaries commitments, citing a high risk/return bar amid decreased market activity as a result of the pandemic.