LP Sales

New Jersey explores $1bn-plus secondaries sale

The pension joins several large North American LPs that have considered or already sold more than $1bn of private markets exposure this year.

California’s Orange County to cut fund of funds exposure through secondaries sales

The $25bn pension expects to use both the GP-led and the LP-led markets to offload indirect private equity exposure.

CalPERS shops $3bn PE portfolio as it works to reconfigure programme

Bids on the portfolio were due this week, with the expectation that the process closes by end-September.

Top academic’s machine learning model rethinks secondaries pricing

Oliver Gottschalg, professor of strategy and business policy at HEC Paris, has created a model to value secondaries fund stakes that analyses top-down factors, turning the market’s bottom-up approach on its head.

Milwaukee pension resists secondaries sales despite overallocation to PE

CIO of $6bn Midwest pension would prefer the system remain ‘more of a buyer than a seller’ when it comes to private equity funds.

The market’s back on track for $200bn

The secondaries market has remained red-hot. While the area is not without its hurdles, uncertainty in the first half once again reinforced its worth.

Secondaries dry powder buoyed by private wealth as market reaches H1 record – Jefferies

Available secondaries capital grew to a record high of $302bn in the first half, with aggregate NAV of retail vehicles managed by secondaries investors surpassing $80bn as of March, according to a report from Jefferies.

Secondaries volume surpasses $100bn to reach half-year record – Evercore

Volume surpassed most full-year totals from the past decade in the wake of recent geopolitical tensions and macro uncertainty.

Hong Kong Jockey Club seeks to offload $500m portfolio

Sports-focused foundation joins a number of APAC institutions seeking liquidity via the secondaries market this year.

Secondaries Investor Advisory Survey 2025: Advisers broaden mandates beyond PE

The average reported deal value per adviser went up $3bn from 2023, reflecting a surge in activity as secondaries activity hit historic levels in 2024.