Institutional Investor

Munich Re on the co-invest dealflow ratio fallacy

MEAG MUNICH ERGO, the asset management arm of European insurer, would rather see one good co-investment opportunity than be shown multiple bad ones, says head of PE and co-investments Gregory Schmitt.

Details of Blackstone’s infrastructure secondaries strategy revealed

Blackstone expects to hold a final close for Strategic Partners Infrastructure IV in the first quarter of this year, according to pension fund documents.

World Bank closes around $1bn sale to Blackstone Strategic Partners

LP-led deals saw a record $87bn volume last year as pricing continued to increase, according to a report from Jefferies.

Oregon contemplates offloading PE investments

The LP is exploring the proposition of offloading the stakes amid a secondaries market with record activity.

Secondaries deals are on the cards for Australia’s Aware Super

The fund, which manages around $110bn on behalf of nurses and teachers, is heading towards its private markets allocation targets after a period of build-up and growth. In this podcast, Deputy CIO Damien Webb discusses the fund’s view of the secondaries market.

Majority of GPs plan to use secondaries market over coming two-year period – PJT

Over 75% of manager respondents say it is likely or highly likely they’ll look to the secondaries market across 2025 and 2026 compared with 45% in PJT’s 2023 survey.

Alameda County pension to adjust PE strategy, speed up continuation fund approval process

The proposals, to be voted on in February, include the recategorisation of certain private equity assets, the removal of sub-asset class benchmarks and the implementation of new sub-asset class targets.

LPs view CVs as a useful exit tool – with a large caveat

Coller Capital’s latest barometer has found that most investors see the main purpose of continuation funds as providing an alternative to selling assets at a low valuation.

Canadian giant PSP Investments shops $1bn-plus portfolio

LP sales accounted for about $40bn, or 59% of activity in the first half, according to Jefferies’ half-year volume report.

Kaiser Permanente shops ‘multi-billion dollar’ portfolio as pricing strengthens

The deal comes as LP secondaries sales keep steady and drive activity with strong pricing and sellers eager to capture liquidity from private equity portfolios.