Hannah Zhang
The New York City retirement systems confirmed that four of the five NYC pension funds are involved in the large LP-led secondaries transaction.
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.
The Kodak-Mastercard Foundation transaction suggests further corporate sellers may come to the secondaries market as they go through structural shifts.
The US pension giant considers secondaries investments an important contributor of distinct advantages not found in traditional commingled funds, according to Anton Orlich, managing investment director for private equity.
Approximately 45% of Fund VI will be allocated to secondaries transactions amid constrained liquidity and elevated capital costs in Brazil.
The Campbell Lutyens-advised sale comes as the Eastman Kodak Company mulls a potential termination of its pension plan.
Pursuing both strategies via a single fund allows for better market timing and greater diversification, according to Montana Capital’s Marco Wulff and Eduard Lemle.
The Canadian pension giant was able to secure priority allocation and fill its intended exposure as the lead in the process, Secondaries Investor understands.
In the latest episode of Second Thoughts, three young achievers who made our annual list of the most impressive secondaries professionals under 36 discuss talent trends in the industry.
The London-headquartered firm had been mulling a CV for three assets, including AssuredPartners and Safetykleen, Secondaries Investor has learned.