Other than this secondaries play, the $2.3bn pension may commit no further capital to private equity GPs this year as it struggles with a 'cash flow crunch'.
The Washington, DC-based mega-firm has already made investments from Carlyle Mezzanine Partners II and bought some mezzanine investments on the secondaries market.
The New York-based secondaries firm plans to capitalise on an expanding secondary market in 2009 and 2010. Fund VII will invest mostly in the US, but also in emerging markets.
The $850m Chicago Firemen’s Annuity and Benefit Fund will make a third secondaries investment by the end of the month.
The Simsbury, Connecticut-based firm is targeting $750m for its latest real estate fund – the largest dedicated secondaries real estate vehicle ever. It comes amid a massive rise in LP demand for liquidity.
The South Korean secondaries fund will invest in private equity and special situation portfolios in South Korea and Asia Pacific.
Pantheon International Participations has seen its net asset value grow by more than 20 percent in the last year. Current market conditions are causing the fund to shift focus nearly exclusively to the booming secondaries market.
The London- and Paris-based secondaries shop has closed its latest fund and is looking forward to the ‘attractive opportunity’ for the secondaries market caused by credit market dislocation.
A year-and-a-half after the spin-out of its secondary investment team, now Newbury Partners, New York-based Auda is raising a mid-market secondary fund targeting a first close on 30 June.
The New York-based firm has closed its ninth private equity secondaries fund above its $1.25bn target.