Adam Le
The troubled pension was expected to approve the sale, which includes private equity and real assets stakes, on Thursday.
The investment bank is working with the London-headquartered firm to offer liquidity to investors in its €963m Duke Street Capital VI fund, according to sources.
The firm has amassed more than €450m across two if its private equity strategies.
The Zurich-headquartered private equity firm is seeking slightly north of $200m for Adveq Secondaries III.
The private equity and infrastructure investment firm has hired Michael Bowen to focus on direct secondaries and co-investments.
The Californian pension wants to hire funds of funds managers to help it invest $150m each year until 2018 and is interested in secondaries.
The firm smashed the $3.6bn target for the fund which was used to launch the hostile takeover bid on SVG Capital.
The first in sister title Secondaries Investor’s Second Opinion interview series features industry giant Ardian’s US head Benoît Verbrugghe.
The preferred equity specialist has four investment professionals, including HQ's Stephen Swentzel, in its first overseas office as it seeks €900m for its fourth fund.
The global investment manager has agreed with the London-listed private equity investor to acquire its portfolio by raising its previous offer by £24m.