The pension has more than halved the amount it paid in management fees and carried interest to secondaries funds over the last fiscal year.
1 min read · 21 November 2016
The largest US public pension fund paid $539m in profit sharing to private equity fund managers as it attempts to cull its number of external relationships.
3 min read · 17 November 2016
The state’s Board of Investments sold stakes in two private equity funds at a premium to NAV and did not use an advisor, meeting minutes show.
2 min read · 15 November 2016
The deal was part of the US’s largest public pension’s $2.7bn portfolio sale which is yet to completely close, Secondaries Investor has learned.
2 min read · 14 November 2016
US pension plans are torn between curbing private equity commitments or selling holdings to stay on target, and increasing their exposure to boost returns.
2 min read · 09 November 2016
The Californian pension wants to hire funds of funds managers to help it invest $150m each year until 2018 and is interested in secondaries.
2 min read · 08 November 2016
The investment firm has hit the hard-cap on its first dedicated secondaries fund which will focus on distressed and special situations, Secondaries Investor has learned.
2 min read · 04 November 2016
A private equity survey found transparency has become more important in the GP selection process, while GP reputation has fallen in importance.
2 min read · 04 November 2016
The Florida pension had previously committed to Lexington Partners’ 2013 mid-market secondaries vehicle.
1 min read · 03 November 2016
OPTrust, which manages Canada’s 10th largest public pension, had previously signalled it was considering opportunistic sales of private equity assets.
2 min read · 02 November 2016
