The US pension giant has come up with a pricing strategy that could make it benefit more from this portfolio sale, Secondaries Investor understands.
The US public pension's offloading of around $2bn in credit fund stakes marks the latest sizeable deal in the maturing market.
There have been cases when continuation funds have been 'misused and overused', according to Teia Merring, senior investment director at USS and chair of ILPA.
The incoming administration is taking centre stage when it comes to events expected to shape the North American secondaries market this year.
The UK pension fund is about to close its second private debt fund, which it aims to scale to £500m, and is looking to consolidate GP partnerships.
The programme involves both GP-leds and LP-leds, Mathieu Forcioli, global and APAC head of alternatives for HSBC Global Private Banking, tells Secondaries Investor.
The New York City retirement systems confirmed that four of the five NYC pension funds are involved in the large LP-led secondaries transaction.
NYCRS, which oversees five pensions including NYCERS, has a secondaries programme in place with long-term targets ranging from 10-20% of its total PE portfolio.
The US pension giant considers secondaries investments an important contributor of distinct advantages not found in traditional commingled funds, according to Anton Orlich, managing investment director for private equity.
Affiliate title Private Equity International's LP Perspectives 2025 finds true status quo options are top of mind for investors when it comes to CVs.