North America

The $19.1bn system looks to become the latest public pension to change rules to allow flexibility.

Lazard expects deal volume this year to approach or exceed 2021 levels as LPs and sponsors seek innovative liquidity options in the secondaries market.

The Morgan Stanley-advised process on ski resort Alterra Mountain was backed by investors understood to include Singapore’s GIC.

The firm also closed on $1.5bn and $900m for its latest VC and real estate secondaries vehicles, respectively.

Morgan Stanley research shared exclusively with Secondaries Investor provides evidence that continuation vehicles can meaningfully outperform buyout funds on a median basis

While many private markets investors and managers grapple with liquidity issues, there is one pocket of the market that stands to benefit.

Lexington Partners, Strategic Partners and Goldman Sachs Asset Management played a pivotal role in driving fundraising in the secondaries space last year.

A growing number of semi-liquid funds have a heavy allocation to secondaries.

The firm’s sixth secondaries flagship will be ‘meaningfully’ larger than its predecessor fund, according co-CEO Erik Hirsch.

Many limited partner institutions either have used the secondaries market to sell fund stakes, or are ready to hit the market with sales as soon as pricing hits the right level.