Lexington Middle Market Investors IV has a hurdle rate of 7% and a phased carried interest structure to 12.5%, documents from a US pension show.
2 min read · 09 March 2017
The US’s largest public pension will engage Meketa, its real assets advisor, as its private equity consultant for the remainder of PCA’s contract period ending June 2020.
2 min read · 08 March 2017
The pension’s secondaries target allocation was as much as 10% of its total portfolio last year, documents from advisor Hamilton Lane show.
2 min read · 08 March 2017
The firm intends to use at least $140m in proceeds from the IPO to repay a term loan, expenses incurred through the listing and for general corporate purposes.
2 min read · 03 March 2017
The firm has increased the target for Adams Street Global Secondary Fund 6 by 60% compared with its predecessor, Secondaries Investor has learned.
1 min read · 02 March 2017
The turnaround investor joins a list of wealthy business people in Trump’s cabinet who must now divest millions in private markets holdings to avoid potential conflicts of interest.
3 min read · 02 March 2017
The Paul Capital spinout is back in market with its sophomore dedicated secondaries fund, Secondaries Investor has learned.
1 min read · 02 March 2017
Low pricing deterred a sale of certain ‘illiquid’ assets held in a portfolio the US pension began managing in January.
2 min read · 02 March 2017
Performance details of the alternative investment firm’s secondaries programme were also disclosed in a document presented to a US pension.
2 min read · 28 February 2017
The Texas pension has an appetite for secondaries, having also committed to Ardian and Strategic Partners-managed vehicles.
1 min read · 28 February 2017
