The strategy is the firm's fastest growing unit from a headcount perspective, according to chief executive David Layton.
North Carolina is the latest in a string of LPs reviewing their participation, or a lack thereof, in GP-led transactions. Plus: Norway’s Cubera has closed its largest secondaries fund; and PE bankruptcies are causing headaches for compliance officers. Here's today's brief, for our valued subscribers only.
Investors including Alaska Permanent, Caisse des Dépôts, Skandia, New York City Retirement Systems and TRS Texas share their views on how this market can be improved and how they are positioning themselves to take advantage of CVs.
Florida State Board of Administration believes securitisations could be a better option than selling fund stakes if LPs must take massive discounts.
Our upcoming special report on the secondaries market shows the future looks bright for this burgeoning asset class – though investors have a list of improvements they’d like to see.
Transfer agreements are seen as a $100,000 'copy & paste job' by some and 'complex legal contracts' that law firms are losing money on by others.
The $105bn system's co-investment programme now makes up just over 10% of its private equity portfolio.
The new joiners, including ex-CDPQ senior director Philip Hunter O’Brien, will operate from the $41bn system’s Austin headquarters, CIO Yup Kim tells PEI.
The decision comes as part of ERS Texas’ continued commitment to the private equity asset class, bumping its fiscal year 2024 target up $50m from last year’s $600m targeted commitment.
Monday is a bank holiday in the UK, so we'll return to your inbox on Tuesday. In the meantime, Evercore is launching a service geared towards collateralised fund obligations. Plus: Australia's Future Fund is giving geopolitics serious thought. Here's today's brief, for our valued subscribers only.