Lps

CalPERS quietly probes market for pricing ahead of potential sale

As part of the system’s policy established in 2022, the pension has been building exposure to areas of private equity it may have skipped in the past such as smaller funds and growth-focused GPs.

Quick flips and continuation fund rationale – for LPs, the struggle is real

Some LPs have explored ways to share in the future profits of an asset sold out of a CV shortly after the secondaries process closes.

Dutch pension APG shops one of the largest LP portfolios of the year

The pension giant is understood to be looking to offload LP stakes valued between $2bn and just over $3bn.

LPs seek ways to share profits in continuation fund ‘quick flips’

A quick exit out of a continuation fund can also raise questions about whether a GP knew about a potential exit even while pursuing the continuation fund, or if the offer came out of the blue.

HarbourVest runs $1bn-plus clean-up secondaries sale on older pools

Fund of funds sales represented the majority of LP transactions by asset managers last year, according to a recent full-year 2023 volume report.

Orange County pension picks four secondaries advisers

Raymond James, Evercore, Jefferies and Campbell Lutyens are in the wings for the pension fund’s secondaries sales route.

SI Decade: The birth of programmatic secondaries sales

In this sixth episode of the Decade of Secondaries Investing podcast miniseries, we sit down with HarbourVest Partners’ Jeffrey Keay and PJT Park Hill’s Adrian Millan to discuss the phenomenon of repeat sellers in the secondaries market.

Strategic Partners emerges as a buyer in Washington State portfolio sale

More LPs are considering secondaries sales as pricing has strengthened since last year, with high-quality buyout funds capturing pricing at the 90% or higher net asset value range.

Orange County pension mulls private markets secondaries sale

The system has not yet finalised a contract with a secondaries adviser.

Maryland pension system likely to explore secondaries sale later this year

A panel of LPs at PEI’s NEXUS 2024 summit discussed trends and themes in private equity, including the use of secondaries to rebalance portfolios.