LP Sales

The deal was part of the US's largest public pension's $2.7bn portfolio sale which is yet to completely close, Secondaries Investor has learned.

US pension plans are torn between curbing private equity commitments or selling holdings to stay on target, and increasing their exposure to boost returns.

OPTrust, which manages Canada's 10th largest public pension, had previously signalled it was considering opportunistic sales of private equity assets.

The Californian pension, which is planning to target lower risk strategies, is exploring the sale of fund interests from its $26bn real estate holdings.

The Canadian pension giant has emerged as the buyer of stakes in Apollo Global Management and Blackstone-managed funds, Secondaries Investor has learned.

The $16bn state investor sold stakes in Summit Partners and TA Associates funds and has said it is considering future sales.

The US' largest public pension has brought almost $10bn in private equity and real estate fund stakes to market since 2007 and shows no signs of slowing.

Almost all LPs who responded to PEI's Brexit survey said they were not considering selling stakes in UK or Europe-focused funds.

Florida's State Board of Administration has committed more than $1bn to secondaries vehicles since 2010. Secondaries Investor caught up with John Bradley, senior investment officer at the $180bn pension, about why it lowered its allocation target and how LPs see secondaries.

The state employees’ retirement system is mulling a sale from its $2bn illiquid assets portfolio.