Staff Writer
In an effort to weed out corruption, the city’s pensions are tightening compliance rules, according to a statement from city comptroller Scott Stringer.
Led by CIO Scott Chan, the $7.6bn pension chose Pantheon to manage its secondaries infrastructure and real assets separate account.
As some LPs divest disappointing infra investments, others are looking to the secondaries market for easy-to-understand opportunities without construction risks.
Up to 45 percent of institutional investors are expected to boost their private equity holdings in the first half of 2014.
Investment banks such as Goldman Sachs – which now has a ‘Volcker implementation team’ – are expected to divest more assets this year via the secondaries market, lawyers say.
There's a new wave of supply in emerging market secondaries and buyers with local expertise are best placed to exploit these opportunities, says PineBridge Investments.
The growth of in-house secondaries at institutional investors is a means to avoiding fees through the traditional advisor-led process.
Greg Walters, a principal at Pomona Capital, has announced that he will be leaving the firm after five years to pursue other opportunities.
Six specialists discuss the popularity of secondaries advisory, which is making the space more competitive.
Landmark Partners’ Robert Dombi told delegates at the PERE Global Investor Forum in Los Angeles that secondaries have become an important tool for real estate investors.