LP Sales

The portfolio is understood to be worth between $250m and $500m, according to sister publication Buyouts.

Offloading a $1.3bn portfolio to Ardian helped push the pension system to a since-inception DPI capital ratio of 1.0x.

San Francisco-based Melting Point Solutions seeks to maximise pricing for sellers by seeking bids for single items as well as whole portfolios. Raphael Haas, the firm's chief executive, talks to Secondaries Investor about why multi-buyer sales can deliver better pricing for sellers and why non-dedicated buyers can provide outlier pricing.

The Carlyle Group unit is understood to be among buyers involved in the GP-led process on Oaktree Principal Fund V.

The North East England pension fund is seeking to increase its exposure to secondaries markets this year.

The LP has restructured its private equity portfolio, increasing its commitment capacity to the strategy and to emerging managers, and it can now sell interests on the secondaries market.

The firm used its latest fund to acquire positions in funds managed by Scottish Equity Partners and Gresham, having bought several UK-based assets in 2018.

Around $17bn-worth of big processes launched or closed last year, according to Secondaries Investor data.

GPs worried about the UK's fate but who want to leave money on the table should look to secondaries for their backup plan.

The $56bn US pension wants to reduce the amount of fees it pays to external managers.