Lps

Tariffs are leading global LPs to sell US investments – Morgan Lewis

Some LP-led deals that had not yet closed at the time of the US tariff announcements have either been reopened to account for valuation uncertainties or delayed.

A second chance for endowments

Yale’s sizeable portfolio sale could spur a number of endowments to follow suit – with programmatic seller Harvard in market alongside it.

New Jersey proposes $600m commitment to Lexington secondaries SMA

The separately managed account will invest into two Lexington funds, as well as co-investment opportunities.

China’s massive sovereign fund explores secondaries sale of US PE funds

The transaction, which could total as much as $1bn in size, is understood to comprise a concentrated list of funds and managers.

APG mulls infra secondaries return amid direct investment drive

Having last acquired infra secondary assets in 2017, the €616bn Dutch pension manager may tap the fast-growing market again, says infra chief Jan-Willem Ruisbroek.

Kaiser returns to secondaries market with latest multibillion-dollar portfolio

While the exact size of the portfolio is unclear, Secondaries Investor understands the portfolio could range around the $5bn and $6bn mark.

How the LP-led market will evolve in the midst of tariff uncertainty

Secondaries investors are ‘adding the equity risk premium for all the unknowns’ and breaking down deals into smaller bites to better manage risks.

Yale remains committed to PE as it confirms portfolio sale

The university will continue to actively seek new relationships with PE firms, a spokesperson told Secondaries Investor.

Yale sells up to $6bn of its PE portfolio amid federal funding challenge

The US university that pioneers the ‘endowment model’ is selling its PE investments in the secondaries market for the first time.

Liquidity at what price?

While some LPs that had planned to sell into the secondaries market this year are mulling whether the time is right, others are ploughing ahead with their processes – for now.