LP Sales

Pennsylvania Public School Employees’ Retirement System's sale included stakes in funds managed by New Mountain Capital, Apollo Global Management and Platinum Equity.

The portfolio sale included full stakes in assets with vintages of 2013 and older and other partial stakes.

LP sales accounted for about $40bn, or 59% of activity in the first half, according to Jefferies’ half-year volume report.

The portfolio was offloaded by a US-based institutional seller and comprises over 1,500 loans.

The Taiwanese life insurer is selling a portfolio of five stakes in USD- and euro-denominated funds, including an EQT vehicle.

MN brought the portfolio of private equity fund stakes to market this year, affiliate title Buyouts reported over the summer.

The firm says it has become the first qualified matching service where investors can electronically sign essential fund transfer documents to complete limited partnership interest transactions.

According to mid-year advisory reports, the secondaries market is looking at a potentially record-breaking finish to 2024.

The decision to increase small/medium buyouts’ portfolio share falls in line with other large public LPs.

LP-led deals accounted for $40bn of the $68bn of global secondaries volume seen in H1 2024 as bid-ask spreads narrowed.