Investment officer Pushpam Jain says the pension’s exposure to commodities alerted it to opportunities in farmland markets it had tracked since 2018, which ultimately led to more than $500m in TIAA secondaries deals.
3 min read · 28 February 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 2018-vintage Global Growth Fund III has invested in companies including SHEIN, Bytedance and crypto exchange FTX.
2 min read · 23 February 2023
Tender offers plus staples remain challenging because if the price isn’t right, limited partners can simply choose not to sell.
3 min read · 16 February 2023
The LP portfolio sale was among a slew of such deals launched since last year that managed to close despite pricing uncertainty and hesitation among LPs to sell at discounts.
2 min read · 15 February 2023
Single-asset continuation funds comprised around 40% of GP-led secondaries volume in 2022, down from 52% the prior year, according to Lazard’s Secondary Market Report 2022.
4 min read · 14 February 2023
The firm has also made headway with fundraising for its latest secondaries programme, according to vice-chairman Erik Hirsch.
1 min read · 13 February 2023
Inventory flowing into the market is expected to drive volume beyond the estimated $103bn total for 2022.
3 min read · 07 February 2023
A Stafford Capital Partners-led consortium allowed the manager to do a ‘super-efficient’ exit for its greenfield fund.
4 min read · 06 February 2023
