The firm has launched separate private credit and private equity vehicles focusing on mid-market opportunities.
Benoît Durteste says investing the capital would not be challenging – a change in tone compared with comments he made in September regarding larger GP-led deployment.
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.
In the latest episode of Second Thoughts, three young achievers who made our annual list of the most impressive secondaries professionals under 36 discuss talent trends in the industry.
The deal follows the close of LGT Capital Partners’ last flagship fund, which closed above its target on over $7bn.
The Middle East has seen increased interest in recent years with placement agents, advisory firms and GPs opening outposts there.
Research suggests evergreens can pay 6 points higher on average for LP portfolios than closed-end funds – findings that may not fully reflect all market dynamics.
The firm is seeking as much as $150m for Seine Capital Liquidity Solutions, which has a $200m hard-cap.
Ardian’s continuation fund for Syclef marks its first such transaction involving one of its own assets. It is also Astorg's first deal for its single-asset strategy.
Pennsylvania Public School Employees’ Retirement System's sale included stakes in funds managed by New Mountain Capital, Apollo Global Management and Platinum Equity.