Marine Cole
The California Public Employees’ Retirement System plans to cut its relationships with external private equity managers from 100 to 30, according to Ted Eliopoulos, chief investment officer of the $300bn pension fund.
LPs have a more positive view of private equity in the Asia-Pacific region and plan to be active buyers and sellers in the secondaries market within the next two years, according to a new report by Coller Capital.
The finding of a study conducted by 17Capital and PERACS justifies that investors often require a greater discount when investing in a tail-end fund.
Environmental, social and governance issues increasingly prevent LPs from committing to a specific fund, but might they also cause an uptick in secondaries deal flow?
Pricing in the secondary market has begun to plateau but remains strong, despite a declining Euro and volatile oil prices, according to Greenhill Cogent’s first quarter secondary briefing.
The retirement system for the Big Apple is looking to use the secondaries market as a portfolio management tool.
With the transactions, ILIM, an investor in Irish real estate, will expand its exposure to European property investments.
Ardian is hiring throughout the company, including in its fund of funds business. Its portfolio companies include US pet supply store giant PetSmart.
With its recently launched matching engine for alternative investments, Tullett Prebon is hoping to facilitate transactions in the secondary market for sellers and buyers, says Suchita Nayar, head of alternative investment North America at Tullett Prebon Alternative Investments.
The fund of funds invested in Nordic Capital Fund VII, Permira Europe III and Permira IV.