Institutional Investor

While an increasing number of LPs are embracing CVs, they remain wary of overreliance on the structures, said panellists at IPEM Global in Paris.

Endowments and foundations using outsourced investment offices increasingly view GP-led secondaries as a way to deploy capital more quickly into private markets, prioritising performance opportunities over liquidity concerns.

Co-investments and single-asset CVs offer investors ‘greater control’, partner Zach Jackson says.

Some institutions are expected to lean into equity-based strategies as they seek a new home for 2026 credit allocations.

Churchill, whose parent Nuveen Private Capital received backing from Temasek last year, and the Singaporean investor’s asset management platform Seviora formed the vehicle with collateral spanning PE and private credit, including PE secondaries.

The investment manager for Denmark’s Novo Nordisk Foundation put capital into a private equity continuation fund in Asia last year alongside KKR, Amit Kakar tells Secondaries Investor.

The pension’s secondary funds and co-investments grew 36% to approximately $3.7bn, per its latest investment disclosure.

Executives from a New York pension fund and a Dallas-based multifamily office gave their thoughts during a PEI Group webinar on private debt investment.

The Danish retirement scheme favours indirect over direct investment in secondaries and has made commitments to all five infra secondaries vehicles managed by Pantheon, infrastructure funds head Mikkel Kjaersgaard tells Secondaries Investor.

The specialist impact investing firm has raised a further $100m and held a second close for its debut dedicated secondaries fund.