The US's largest public pension has been exploring ways to reach its target private equity exposure, including via secondaries investments.
TPG has become the latest multi-asset manager to enter the secondaries market and will probably not be the last this year.
Milan-based NB Renaissance Partners sold down part of its stake in a 'covid-proof' engineering business to a group of secondaries investors.
The CPPIB secondaries head will lead TPG's secondaries investment strategy in Europe and the US.
The portfolio acquired from a sovereign wealth fund is probably the largest-ever infrastructure sale, said Blackstone COO Jon Gray.
Australia's sovereign wealth fund sold more than $2bn of private fund stakes across several transactions.
Secondaries Investor delved into public filings to find out who is invested in the largest-ever secondaries programme.
The process centred around star fintech asset Trustly and included backing from Investment Corporation of Dubai and Retirement System Investment Commission of South Carolina.
Secondaries funds are more exposed to individual companies than ever and will play a significant role in seeing them through the crisis.
The firm's latest flagship secondaries fund, which is targeting $5.75bn, has already invested $1bn.