LP Sales

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.

The investment bank's secondaries advisory unit was 'outstanding' amid a difficult quarter for the firm, according to its chief executive.

Carlyle, Apollo and Blackstone funds were among those that changed hands in the deal involving $644m of NAV.

The Canadian investor had brought a portfolio of private equity fund stakes to market in the first half of this year.

The $36bn fund reported strong private equity returns after implementing an “aggressive” restructuring plan in December 2016.

The private equity portfolio is diversified by vintage and region, Secondaries Investor has learned.

The figure from the investment bank's secondaries advisory unit is slightly down year-on-year.

The troubled pension has generated $245m in cash inflows so far from a series of secondaries sales that began in December.