Chelsea Stevenson
The New Jersey Division of Investment hasn’t invested in a secondaries fund since 2008 and has no plans to in the near future.
Mark Burton, former commercial real estate and mortgage specialist for H/2 Capital and Goldman Sachs' special situations arm, recently joined Strategic Partners.
The Canada Pension Plan Investment Board plans to invest $10bn in the secondary market in the next five years, explains vice president and head of secondaries and co-investments Yann Robard.
The direct secondaries firm is trying to sell a group of portfolio companies it acquired in 2007 or earlier, which could include consumer electronics and white goods company BrightHouse.
Will more PE secondaries specialists raise RE-dedicated vehicles and narrow the fundraising gap?
HarbourVest has acquired stakes in Ironbridge Fund II from Portfolio Advisors and a Portfolio Advisors' joint venture with Singapore-based United Overseas Bank.
Over the course of just one year, Paris-headquartered Ardian’s secondaries-related assets under management nearly doubled to $15.9bn.
New York-based Strategic Partners could be gearing up to launch a new, standalone real estate secondaries fund, after it finishes raising its sixth private equity secondaries vehicle.
The firm is targeting $1bn for its main real estate fund and previously launched a separate $200m co-investment fund with the Ohio Public Employees’ Retirement System.
The State of Wisconsin Investment Board has been on a secondaries selling spree this month, divesting stakes in BC Partners, Charterhouse Capital Partners and 3i.