LP Sales

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.

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.

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.

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

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

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

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

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

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.

CFOs of private markets managers discussed at a recent event the challenges – and opportunities – they face in light of the explosive growth of the secondaries market.