The $11.5bn pension is facing a ‘severe’ liquidity crisis and is looking to credit opportunities to provide much-needed cash flow.
1 min read · 07 May 2009
The New York-based investment bank has hired two former Bear Stears private equity secondaries executives, Jeff Hammer and Paul Sanabria, to run its new advisory service.
2 min read · 31 March 2009
Other than this secondaries play, the $2.3bn pension may commit no further capital to private equity GPs this year as it struggles with a ‘cash flow crunch’.
2 min read · 04 March 2009
New York firm SecondMarket says it has attracted more than $500m worth of secondaries for its new LP fund interest trading platform.
2 min read · 26 February 2009
The San Francisco-based secondaries firm has hired Rein Gabriel as an associate. Last month it hired former SL Green/Gramercy Capital executive John Graham to boost its acquisitions team.
1 min read · 02 January 2009
The San Francisco-based real estate secondaries firm has appointed former SL Green/Gramercy Capital executive as LPs increasingly look to liquidate some of their real estate positions. The appointment comes as Liquid works with LPs faced with capital calls in excess of their distributions.
1 min read · 09 December 2008
The $850m Chicago Firemen’s Annuity and Benefit Fund will make a third secondaries investment by the end of the month.
1 min read · 05 December 2008
The $37bn university endowment will make substantial cutbacks to its private equity portfolio, which one secondary investor calls a ‘sophisticated’ move to sell before other LPs do the same.
1 min read · 06 November 2008
The promotions of Brett Gordon, Alex Rogers and John Toomey brings to 20 the firm’s total number of managing directors worldwide, with five focused on the firm’s secondaries business and four working on direct investments.
2 min read · 18 September 2008
The San Francisco-based private equity real estate secondaries firm appoints former Redwood Trust mortgage specialist John Arens as director.
1 min read · 18 June 2008
