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Washington SIB investment chief: We do secondaries ‘quickly and quietly’

Outgoing CIO Gary Bruebaker says the $128bn US pension buys fund stakes when GPs get in touch directly.

British Columbia shops private equity portfolio

The portfolio is understood to be worth between $250m and $500m, according to sister publication Buyouts.

CPPIB secondaries investments jump more than 30% year on year

The Canadian pension's secondaries team has been broadening its focus across structured secondaries, Latin America, growth equity and venture capital, according to its latest report.

Why Rhode Island is joining the buyside

Senior investment officer Jonathan Popielarski discusses why the US pension wants to acquire stakes on the secondaries market and what it is looking to buy.

New Hampshire commits $75m to HarbourVest and Top Tier

The pension, which has $1bn in PE assets, invested in Dover Street X and a VC fund of funds managed by Top Tier Capital Partners.

Ardian receives $150m commitment from Penn SERS

The pension, which has almost $4bn in PE assets under management, has committed $100m to ASF VIII and made its first commitment to an Ardian co-investment fund.

Sacramento County explores becoming secondaries buyer

The pension's advisor Cliffwater has recommended the pension offload older stakes and exploit the lack of competition at the small end of the market by purchasing individual fund positions.

HarbourVest’s Dover Street X terms revealed

The investment firm is offering an annual fee reduction of 5 basis points to LPs that commit to Dover Street X before the end of May.

CalSTRS re-ups in Ardian’s latest secondaries fund

The US's second-largest pension fund committed $500m to ASF VIII, twice the amount it invested in the firm's previous secondaries programme.

Florida SBA’s secondaries sale boosted 2018 private equity returns

Offloading a $1.3bn portfolio to Ardian helped push the pension system to a since-inception DPI capital ratio of 1.0x.
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