LP Sales

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.

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.