North America

The pension committed $500m to GP Solutions II’s predecessor, marking the biggest commitment made to a secondaries fund last year.

Over the past five years, some private equity shops have shunned their illiquid mentality to launch their own secondaries businesses. Can they give the market’s mega-managers a run for their money?

The $25bn pension expects to use both the GP-led and the LP-led markets to offload indirect private equity exposure.

The $3bn University of Nebraska Foundation sees ‘some value’ as a buyer in syndicated portfolio sales comprising 50 fund stakes, according to CIO Brian Neale.

CVs are gaining momentum in the VC industry as more venture firms use them to extend ownership of prized assets and generate liquidity for LPs.

The buyout firm launched Sage Equity Investors last year with a $1.5bn target.

The strategy’s popularity among evergreen vehicles could make it a shoo-in with US retirement plans.

Private credit GPs are increasingly using CVs to become ‘better fund managers’, according to Pantheon’s Rakesh Jain.

The firm’s Keystone strategy provides bespoke offerings to alternatives managers at the management company, fund and asset level.

Distributions as a share of total PE NAV have stayed below average for the past three years and are unlikely to return to normal level this year, according to StepStone research.