Institutional Investor

A private equity survey found transparency has become more important in the GP selection process, while GP reputation has fallen in importance.

The Florida pension had previously committed to Lexington Partners' 2013 mid-market secondaries vehicle.

OPTrust, which manages Canada's 10th largest public pension, had previously signalled it was considering opportunistic sales of private equity assets.

Medical Research Future Fund, part of Future Fund, plans to acquire mature private equity stakes and commit to managers who hold assets for shorter time periods.

Removal of restrictions on asset holdings by Solvency II, coupled with low fixed income returns, is encouraging insurers to allocate more cash to alternatives.

GP-led restructurings once sat comfortably in the ‘non-traditional secondaries’ bucket, but the definition is evolving as buyers search for higher returns through even more complex deals.

The preeminent sovereign wealth fund of the country has opened a satellite office in Hong Kong which will house research professionals.

The world's largest pension plan has issued an RFP for investment consultants to advise on its underweight alternatives portfolio.

Tim Recker has been running the $9bn private markets portfolio for the University of California Regents, which invests in secondaries and has also sold stakes.

Scott Jacobsen has left the US's largest public pension fund after six years in its private investments team, Secondaries Investor has learned.