Toby Mitchenall
The firm has sold its remaining stake in the niche Swedish lender it acquired from Palamon Capital Partners in 2010.
The US public pension plan is considering a $10m secondaries purchase in Fund VII and is in discussions about an account to invest ‘across the Kayne Anderson platform’.
SL Capital’s listed private equity trust can now take a more flexible approach to secondaries transactions, among other changes.
The capital will be invested in a portfolio of eight companies already owned by the listed firm, as it plans to ramp up its external fundraising activity.
Almost a fifth of family offices surveyed acquire fund stakes on the secondaries market, according to research by PEI and Montana Capital Partners.
The firm now has $547m to deploy for its strategic secondaries fund, which targets GP-led transactions.
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Daniel Green, a veteran secondaries investor, has taken on a broader remit that will cover primaries and secondaries across various private markets.
The advisory firm has relocated two staff from its London headquarters and added an executive from Portfolio Advisors.
Tim Recker has been running the $9bn private markets portfolio for the University of California Regents, which invests in secondaries and has also sold stakes.