LP Sales

NYC pension systems disclose details of multi-billion sale

The New York City retirement systems confirmed that four of the five NYC pension funds are involved in the large LP-led secondaries transaction.

NYCERS explores $1bn-plus LP-led secondaries process

NYCRS, which oversees five pensions including NYCERS, has a secondaries programme in place with long-term targets ranging from 10-20% of its total PE portfolio.

Tail-end secondaries: The $900bn-plus opportunity

As private markets AUM continues to grow at a clip, so too does the number of legacy funds held onto by institutions. Hollyport’s John Carter and Elm Capital’s Etienne Deshormes join Madeleine Farman in the latest edition of Second Thoughts.

Blackstone was sole buyer of PSERS’ secondaries sale

Pennsylvania Public School Employees’ Retirement System’s sale included stakes in funds managed by New Mountain Capital, Apollo Global Management and Platinum Equity.

PSERS sells $820m PE portfolio as it works to shrink exposure

The portfolio sale included full stakes in assets with vintages of 2013 and older and other partial stakes.

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.

Ares acquires its largest credit secondaries portfolio to-date

The portfolio was offloaded by a US-based institutional seller and comprises over 1,500 loans.

Blackstone emerges as buyer on Fubon Life’s $1bn-plus infra stake sale

The Taiwanese life insurer is selling a portfolio of five stakes in USD- and euro-denominated funds, including an EQT vehicle.

Dawson picks up Dutch pension manager MN’s €1.5bn portfolio sale

MN brought the portfolio of private equity fund stakes to market this year, affiliate title Buyouts reported over the summer.

Palico receives regulatory approval to facilitate full LP fund transfers

The firm says it has become the first qualified matching service where investors can electronically sign essential fund transfer documents to complete limited partnership interest transactions.