Investors

The $123bn pension system’s latest ambitions follow the creation of a GP-led-focused investment role in 2024.

More than 60% of defined benefit pension scheme advisers and trustees expect these pensions to utilise the secondaries market to sell illiquid assets, according to a report from MeltX and Mallowstreet.

Around two-thirds of the over 300 family offices surveyed by JPMorgan have no exposure to secondaries.

A majority of LPs are concerned about the ‘influence’ retail-oriented partnerships could have on the strategies of GPs, a Coller Capital survey found.

The new questionnaire asks GPs to disclose details including transaction terms and asset returns.

Nearly one-quarter of LPs have seen evidence of CV-on-CVs, according to Coller Capital’s latest investor survey.

While the list of the largest known LP commitments remains dominated by US-based investors, it also reflects a growing presence of non-US institutions from Asia and the UK.

The pair will eye ‘additional areas of collaboration’ amid the insurer’s plans to raise its alternatives exposure.

Marc Smid, who oversees the German insurance giant’s private debt fund of funds, sets out his expectations and concerns with respect to GPs.

Under the TPA an LP’s selling decision is more likely to be driven by opportunistic considerations, rather than breaches of asset allocation targets.