LP Sales

The secondaries firm bought up stakes offloaded by a UK pension as part of a portfolio worth around $150m.

The US pension is exploring options to sell stakes from its $8.4bn private markets portfolio.

The advisory firm worked on 77 sales of limited partnerships in the first half of this year.

Advisor Greenhill Cogent has recommended the pension carve out a portfolio for small and tail-end interests.

Performance fees from the firm's Vintage V fund drove a 20% year-on-year increase in net revenues.

The long-life vehicle, which will focus on regulated assets mostly in Europe, is targeting an initial €2.5bn.

The emerging markets investor has tried to offload GP commitments to a number of its funds.

The fundamental building block of the LP-GP relationship is changing, and secondaries is one of the factors driving that change. Three lawyers discuss end-of-life terms and control over stake sales in this extract from a roundtable in sister publication pfm.

Commonwealth Superannuation Corporation is working with advisor Greenhill on the sale, Secondaries Investor has learned.

Ted Eliopoulos, who has been at the US's largest public pension for more than one decade, will step away by the start of 2019.