Michael Baruch
The $81bn sovereign wealth fund is considering hiring an adviser to feel out pricing in the secondaries market, CIO Marcus Frampton said on Tuesday.
The investment firm has committed to a double-down fund that Kibo Ventures will use to co-invest in existing portfolio companies as part of the transaction.
Buyers have become more selective and have emphasised the importance of alignment in GP-led deals, according to the advisory firm's latest survey.
The notion that GPs must let go of assets within a specific period of time has been turned on its head.
Secondaries Investor has collected all of last month's deals in one place in this handy table.
GPs can be at the mercy of even the weakest connections to adherence to ESG standards – real or perceived.
The US public pension is also under-allocated to secondaries versus its target, due to the denominator effect.
Community organisers cited the secondaries firm's 2019 investment in Pretium Partners, whose portfolio company HavenBrook is facing scrutiny.
The preferred equity specialist is on track to nearly double its AUM with the latest flagship vehicle.
The firm's outlook and performance were outlined in documents obtained from the Minnesota State Board of Investment.