LP Sales

A 'very aggressive fee proposal' helped put Campbell Lutyens in the final race for LACERA's $1bn-plus portfolio sale.

In part II of sister publication Private Equity International's secondaries roundtable, market participants discuss the shift in GP-led restructurings, the importance of looking after LPs and mega-fundraises.

The portfolio included stakes in Montagu Private Equity and IK Investment Partners' funds, Secondaries Investor has learned.

The UK pension plan born out of the bankruptcy of photography giant Eastman Kodak has offloaded stakes in Bridgepoint and PAI Partners funds, among others.

The $50bn pension fund has made exploring the secondaries market, as a buyer and seller, a key strategic priority.

The US pension is aiming to sell an unspecified portion of its $5bn in private equity portfolio, which comprises 198 individual positions.

The success of the former Cogent Partners team increases the likelihood Greenhill will have to pay an earn-out linked to its performance.

Details of the $55bn pension's secondaries sale, which includes at least 130 fund positions, were outlined in an RFP posted on its website.

The $62.4bn sovereign wealth fund is working with advisor Evercore to sell the stakes, Secondaries Investor has learned.

In an unusual real estate secondaries deal that one executive called a ‘no-brainer,’ the $8.6bn pension system is trading six assets for a $250m interest in an open-ended fund.