Gregg Gethard

Abbott Capital is looking for an extension for its 2008 flagship fund of funds and is encountering resistance from LPs contending with slowing cashflows and valuation uncertainty.

'The word is out that we can be a strategic partner and agile in providing solutions for balance sheet restructuring or a provider of patient, long-term capital,' said CIO Nicole Musicco.

Endowments with over $1bn in assets invest and benefit the most from exposure to private funds.

A green-friendly (meaning money) recycling programme allows Oregon to take up to $1bn from secondaries sales of its legacy portfolio and place it into a co-investment fund.

Council members asked investment staff for more allocation options due to liquidity concerns.

'It’s pretty hard to find private assets without fake marks in this environment,' says one source in the secondaries market.

Marcus Frampton said private equity hasn't yet had a correction and that he was stunned to see the multiples being paid for small, private companies.

The US's largest public pension system plans on a major overhaul of its private equity holdings.

Council members cite liquidity concerns when debating asset allocation.

Investment team departures at large allocators may slow decision-making processes.