Lps

The change in the investment policy will streamline the SBI’s investment process and keep it in line with the policies of its peers, according to its CIO.

Endowment sales ticked up in the first half of this year to around 15% of overall LP sales, according to Campbell Lutyens’ half-year volume report.

The vehicle will invest in a variety of strategies, including secondaries.

LACERS CIO Rodney June: ‘The opportunity set has grown’ in private equity secondaries market as $26bn pension eyes potential participation.

LP-leds are a function of ‘disciplined portfolio management’, according to HMC chief executive NP Narvekar.

In response to the rise of US trade tariffs, LPs are turning towards private credit and infrastructure – and eyeing opportunities in Europe.

‘Rolling LPs should be, but often are not, given a status quo option to retain the same economic terms of their investment,’ according to the institute’s latest report on CVs.

The pension fund’s sale of private fund stakes in private equity and real estate is understood to be substantial in size, Secondaries Investor has learned.

‘We tend to like single-asset continuation vehicles if the story is right if it’s with a sponsor that we think is the right owner for that asset going forward,’ according to deputy CIO Allen Waldrop.

The $524.4bn investor has been actively using the secondaries market as a portfolio management tool, as well as for buyside opportunities.