Lps

Dawson picks up Dutch pension manager MN’s €1.5bn portfolio sale

MN brought the portfolio of private equity fund stakes to market this year, affiliate title Buyouts reported over the summer.

ILPA appoints former business development exec to lead Europe office

Bart van Dijk joins from global compliance firm CSC and is the industry body’s first regional head outside North America.

Florida SBA to explore private credit secondaries

The institution wants to understand “how deep the private credit secondaries market is” after seeing stellar returns from PE secondaries, senior portfolio manager John Mogg said in a recent advisory council meeting.

Ardian to manage GP-leds account for $56bn Connecticut pension

Connecticut Retirement Plans and Trust Funds wants to further capture attractive sponsor initiated investment opportunities in addition to the ones it sees via its managers.

Florida SBA faces setback in efforts to introduce securitisations

The $257bn pension has been seeking alternatives to secondaries sales to avoid taking large discounts in such transactions.

North Carolina eyes GP-led secondaries, opens up to more co-investment

The US pension’s investment committed noted the global secondaries market is a more intriguing opportunity after deal volume hit a record in the first half of this year.

What do LPs really think of continuation funds?

Investors including Alaska Permanent, Caisse des Dépôts, Skandia, New York City Retirement Systems and TRS Texas share their views on how this market can be improved and how they are positioning themselves to take advantage of CVs.

‘Last mile’ legal costs of fund transfers leave LPs to foot the bill

Transfer agreements are seen as a $100,000 ‘copy & paste job’ by some and ‘complex legal contracts’ that law firms are losing money on by others.

GP-leds account for just 3% of annual distributions to LPs – Ham Lane

Data from the consultant prepared for Teachers’ Retirement System of Louisiana shows the strategy still has room to grow.

ERS Texas sets pacing for FY 2025, precedent for use of continuation funds

The decision comes as part of ERS Texas’ continued commitment to the private equity asset class, bumping its fiscal year 2024 target up $50m from last year’s $600m targeted commitment.