Lps

Alameda County pension to speed up roll process for private credit continuation funds

The new policy would let ACERA’s staff make the decision to roll existing assets or portfolios into continuation funds if that falls in line with ACERA’s financial consultant’s recommendation.

Dutch pension MN part of wave of big LPs seeking liquidity

The deal is part of a series of large LP sales driven by liquidity concerns, the need to rebalance investment exposures in investment portfolios and strong pricing for high-quality private markets funds.

LP sales update: secondaries provide relief to a market under pressure

LPs are turning to the secondaries market to address liquidity constraints amid improved pricing, as compelling supply/demand dynamics and structural innovations help fuel LP-led dealflow.

BNP insurance arm looks to offload portfolio worth up to €800m

The €255bn unit of French financial giant BNP Paribas Group wants to sell a bundle of private equity and infrastructure stakes, Secondaries Investor has learned.

APG pulls plug on multibillion-dollar portfolio sale

The Dutch pension giant had brought a portfolio worth $2bn-$3bn to market, Secondaries Investor reported in June.

LPs’ views will shape the future of the continuation fund market

The sponsor-initiated secondaries market will hit a stumbling block if incumbent LPs’ needs and wishes aren’t prioritised over those of incoming ones.

Canadian pension IMCO closes large LP portfolio sale

Some LPs not in need of liquidity use the secondaries market as a way to tweak their portfolio’s construction, which is the case with IMCO.

Korea’s $793bn NPS forms dedicated continuation fund, GP stakes teams

The country’s largest public pension will pursue both private equity and private credit continuation fund opportunities, according to investment policy committee member Sam Y Chung.

Florida SBA: NAV loans, securitisations could be more attractive than secondaries

Such alternatives could be better options than selling fund stakes if LPs must take massive discounts, according to the $251bn pension’s senior investment officer John Bradley.