Some LPs have felt so frustrated at the way continuation fund processes have been run that they have decided not to re-up with their manager, representatives from the investor body told Secondaries Investor.
3 min read · 26 April 2023
Pent-up demand among sellers facing liquidity pressures and looking to rebalance overexposure issues is expected to bring more processes to market, though later this year.
3 min read · 25 April 2023
The sale follows a recommendation from SCERS staff and consultant Cliffwater to sell down commitments made to 2006-08 vintage funds to deal with overallocation.
2 min read · 24 April 2023
The $72.4bn pension system’s commitment pertains to a continuation vehicle for Esdec Solar Group, board documents show.
2 min read · 18 April 2023
Michael Arougheti, Ares’ chief executive and president, has previously said the secondaries industry is at an ‘inflection point’.
2 min read · 22 March 2023
LP portfolio sales took the majority of total secondaries market share last year in a reversal from 2021.
2 min read · 23 February 2023
The $10bn system set a 5% target for its new private equity portfolio, with 75% of that intended for secondaries.
2 min read · 20 February 2023
The $33bn system adds flexibility in making a secondaries purchase, perhaps indicating the system sees an opportunity in a dislocated market.
2 min read · 23 January 2023
The investment firm is managing $200m from HESTA in a fund of one to invest alongside impact and sustainable private equity managers.
2 min read · 10 January 2023
The $217.5bn US pension set up an SMA with Aegon Asset Management last year and has been bidding on energy fund stakes.
3 min read · 14 December 2022
