The industry body is working to educate its members about potential conflicts in such transactions, says chief executive Steven Nelson.
Secondaries are part of the sovereign wealth fund's bid to increase its alternatives exposure by 5% over the next two years.
Subsidiary Azalea Asset Management had been acquiring stakes on the secondaries market with the intention of using them in its Astrea IV collateralised fund obligation.
The use of debt to delay capital calls saw HVPE’s distributions outweigh investments last year.
Public Officials Benefit Association, which has $9.2bn under management, is putting aside an initial $150m for primaries, secondaries and coinvestments.
The Canadian pension giant invested C$4.2bn in the strategy last year, which will remain a 'key focus'.
Advisor Townsend recommends the $24.3bn sovereign wealth fund to turn its attention to 'unique situations' such as secondaries.
Stanislaus County Employees’ Retirement Association, which has $2.1bn in assets, will gain its first PE exposure through the creation of a private investment programme.
Proskauer's Nigel van Zyl explains the key commercial, legal and investor relationship issues GPs need to consider before amending the agreement's provisions or restructure funds.
The City of Fresno Retirement Systems is seeking a fund manager to construct a $120m private equity 'fund of one' which can include secondaries.