News & Analysis

Blackstone expects to hold a final close for Strategic Partners Infrastructure IV in the first quarter of this year, according to pension fund documents.

Paul Sanabria and Jeff Hammer joined the asset management unit of Canada’s largest insurer in 2019 and have overseen its debut GP-led fundraise.

While some believe exit activity will pick up this year along with overall investment activity, PE-backed assets held in older funds continue to grow.

Mavis Huang, former director of intermediary clients, Asia, at Swiss investment firm Vontobel Asset Management, has joined Coller’s Hong Kong office.

Strategic Partners will soon begin fundraising for the successor to Strategic Partners Fund IX, which closed on $22.2bn in January 2023.

The New York State Common Retirement Fund made the two largest commitments last year to funds managed by TPG and Blue Owl.

LP-led deals saw a record $87bn volume last year as pricing continued to increase, according to a report from Jefferies.

The strategy will include raising a separate fund from New Mountain’s flagship vehicle.

The LP is exploring the proposition of offloading the stakes amid a secondaries market with record activity.

The fund, which manages around $110bn on behalf of nurses and teachers, is heading towards its private markets allocation targets after a period of build-up and growth. In this podcast, Deputy CIO Damien Webb discusses the fund’s view of the secondaries market.