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.
Coller Capital's latest barometer has found that most investors see the main purpose of continuation funds as providing an alternative to selling assets at a low valuation.
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 firm launched what could be its largest-ever secondaries fund in October.
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.
The continuation fund market is clearly where the market opportunity is going, according to Aware Super's deputy chief investment officer and head of international Damien Webb.
Pursuing both strategies via a single fund allows for better market timing and greater diversification, according to Montana Capital’s Marco Wulff and Eduard Lemle.
LACERA will be allowed to commit up to 35% of its private equity allocation to secondaries or co-investments, and up to 20% of the allocation to funds of funds.