LP Sales

No one size fits all for LP-leds

Some LPs are thrilled with the options being offered amid rising portfolio sale activity, while others are less receptive.

Alaska’s Waldrop on why the SWF is not a seller in the LP-led market

Alaska Permanent Fund’s deputy CIO for private markets, Allen Waldrop, explains why the SWF has been a buyer in the CV market and has not been a seller even when it has been overallocated to PE.

‘This will not be the last time that we sell’ – NYCRS‘ Kadziela

Four out of NYCRS’ five pension systems are selling a more than $5.5bn portfolio to Blackstone Strategic Partners in a deal set to close at the end of March.

Strategic Partners emerges as sole buyer in NYC’s $5bn-plus secondaries sale

While $1bn portfolios are a more common factor in the market today, New York City’s sale stands apart as among the largest of all time.

Malaysia’s EPF shops $1bn portfolio

The pension fund’s portfolio is the latest LP-led deal to come out of the APAC region.

CPP Investments returns to secondaries market with $1bn-plus portfolio

The Canadian pension fund joins the likes of CalPERS, PSP Investments and World Bank in bringing a sizeable portfolio sale to the secondaries market.

Taiwanese insurer Nan Shan Life shops sizeable portfolio

The Taiwanese insurer’s portfolio sale deal could be around $2bn in size, Secondaries Investor has learned.

StepStone lines up on World Bank LP-led deal alongside Blackstone

Both firms are understood to have purchased an equal amount of the roughly $1bn portfolio.

New Hamilton Lane fund ‘democratises’ access to VC

The fund will be split between fund investments and transactions, with 75% of the latter proportion going to secondaries deals.

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.