Manager Strategy

The Cincinnati-based firm's last secondaries fund was a 2013-vintage, $150m vehicle which acquired stakes in VC, buyout and mezzanine funds.

In this extract from The Secondaries Market, Brian Mooney and Jeremy Joersz of Greenhill Cogent discuss the changing buyer landscape, the increase in GP-led deals and where the market will go next.

The $315bn pension plan wants its internal PE investment team to focus on identifying skilled managers rather than worrying about meeting the target asset allocation.

The $2.4bn US pension wants to become a seller and buyer of private markets stakes.

Former Ford Foundation director Clinton Stevenson will oversee the division which works across asset classes.

SL Capital’s listed private equity trust can now take a more flexible approach to secondaries transactions, among other changes.

Chris Bires joins the private equity and hedge fund unit of Northern Trust in a newly-created role.

Alternatives growth spiked as traditional equity and fixed income AUM among the largest 500 asset managers declined 7% during 2015, according to Willis Towers Watson research.

Adam Howarth, co-head of private equity secondaries at Partners Group, explains how heightened anxiety in the market is impacting activity at the firm and why secondaries returns will become increasingly mixed.

In its annual review, the $773bn Abu Dhabi sovereign wealth fund reported a 20% drop in its assets managed externally.