LP Sales

CalPERS could look for buyers for covid-era PE investments

While CalPERS has been a net buyer of secondaries in the past, poor distributions from private equity assets in these particular vintage years would cause the LP to look at opportunistic sale processes of certain managers.

Blackstone anticipates its busiest year for secondaries deployment

President and COO Jon Gray expects the secondaries market will continue to grow as LPs seek out liquidity – though he anticipates the ‘re-emergence of M&A activity at scale’ this year.

The opportunity surrounding uncertainty

In the latest edition of our Second Thoughts podcast, Pomona’s chief executive Michael Granoff and Proskauer partner Galen Lewis discuss what’s driving LPs to the secondaries market and how uncertainty is impacting investment decisions.

Over half of LPs seek to buy and sell LP-led positions on the secondaries market – Coller

Coller Capital’s latest Global Private Capital Barometer also found that over a third of LPs plan to increase their commitments to secondaries over the next 12 months.

Florida SBA’s Bradley: Retail capital driving down secondaries returns

The $200bn pension now places a greater focus on the CV market, which is less crowded by retail capital, according to senior investment officer John Bradley.

HarbourVest, Blackstone, Pantheon to buy in Yale’s PE portfolio sale

The overall buyers on the deal could account for a portfolio of around $3-$4bn, Secondaries Investor understands.

Malaysia’s Khazanah mulls $1bn-plus portfolio sale

Khazanah joins a number of APAC sellers this year, with Malaysia’s EPF and China Investment Corp also looking to offload portfolios.

StepStone emerges as buyer for Taiwan Life’s PE portfolio sale

The deal marks another notable transaction by a Taiwanese insurer following Fubon Life’s over $1bn sale of a private market portfolio.

Flexstone Partners mulls running secondaries process in future on pan-Asia fund of funds

Flexstone Partners Asia Selection III is now fully subscribed for by the firm’s majority shareholder, Natixis Investment Managers, and will invest its capital over the coming years, chief executive Eric Deram tells Secondaries Investor.

Fubon Life sells PE, infra fund stakes worth more than $1bn

Part of the portfolio, which includes exposure to Advent International and Antin Infrastructure Partners, was picked up by Hamilton Lane.