The fund is targeting $400m to invest in less competitive areas of the market, such as secondaries funds and funds of funds.
The Pennsylvanian pension scheme wants to clarify the impact of manager fees on returns and increase the transparency of fee reporting.
Twenty-two LPs sold stakes to the secondaries house, which has made a staple commitment to BC Partners’ latest fund worth around 30% of the total.
Pantheon’s global private equity secondaries team is changing: London-based Matt Jones and New York-based Rudy Scarpa will take over from Elly Livingstone, who will dedicate more time to fundraising and dealmaking. The two of them talk to Secondaries Investor.
The asset manager has confirmed a $1.1bn haul for the vehicle, three months after Secondaries Investor reported it had held the final close.
Sponsors of secondaries and funds of funds should be mindful of several key issues that can arise when structuring and negotiating these financing arrangements, according to law firm Dechert.
The preferred equity specialist, led by former CPPIB secondaries head Yann Robard, closed its debut fund in May.
The deal by one of the world's biggest private equity managers could be in the 'multibillions', Secondaries Investor has learned.
The sovereign wealth fund, with estimated assets of $828bn, is broadening its range of deals including secondaries and direct investments.
Quarterly reports to investors must be explicit on the use of subscription credit lines, while LPs must ask for data that discounts the impact of borrowed cash, the lobby group recommends.