Marine Cole

The secondaries fund targeting high net worth individuals purchased a $25m portfolio of fund stakes from The Regents of University of California.

The Boston-based firm is targeting $450m for its Permal Private Equity Opportunities V, which already has a commitment from Dallas-Fort Worth International Airport Retirement System.

New Mexico Educational Retirement Board (NMERB)'s deputy chief investment officer explains why the pension set up a separate account with Siguler Guff to focus on secondary investment opportunities in distressed debt and special situations.

The bank is letting the investments run through the end of their life and may tap the secondaries market only if interests remain by the Volcker Rule’s July 2017 deadline.

The firm’s seventh venture capital fund of funds will make some secondaries investments in funds and companies.

The acquisition was part of a large sale from insurance company Nationwide, which was rebalancing its private equity portfolio.

Benoit Verbrugghe, head of Ardian US, reveals the secondaries firm’s strengths, from its in-depth knowledge of assets obtained through its primary fund of funds business to its proprietary technology.

The New York-based secondaries firm has a higher target for Amberbrook Fund VII than it did for its sixth fund.

While most traditional secondaries market participants scoff at electronic exchanges’ impact on their strategies, some are engaging with them on behalf of their portfolio companies.

The appointment of Anson, who served as CIO of CalPERS and the British Telecom Pension Scheme, will become effective in January.