Preeti Singh
On the Q3 earnings call, the co-founder highlighted the firm's role delivering strong returns in a low-rate environment, with its secondaries unit returning 9.6% over the last three months.
State of Wisconsin Investment Board's private equity portfolio improved by 520bps amid commitments to fewer managers and sales of stakes in non-core managers.
The veteran of Landmark Partners has launched a secondaries-heavy fund aimed at high-net-worth investors.
Senior investment officer Jonathan Popielarski discusses why the US pension wants to acquire stakes on the secondaries market and what it is looking to buy.
The new platform will sit within the firm's secondaries unit, Strategic Partners, and work with existing impact managers across all asset classes.
The pension system will continue to evaluate funds in which to opportunistically sell and buy interests.
Offloading a $1.3bn portfolio to Ardian helped push the pension system to a since-inception DPI capital ratio of 1.0x.
The $31bn Connecticut Retirement Plans and Trust Funds will also consider sales of interests in funds managed by discontinued GPs.
The sovereign wealth fund is also exploring options for an in-state private equity programme, as PE continues to be a top performing asset class.