Fundraising

The firm is seeking a net multiple of 1.6x and net IRR of 16%, according to a broadcast of the University of Houston System's August board of regents meeting.

Secondaries Investor looks under the bonnet of the strategy's big players, starting with Ardian.

The firm is seeking more than double the amount targeted for its 2014-vintage predecessor.

The pension, which has lowered its secondaries return expectations, has helped the firm on its way to an expected massive first close.

Auldbrass was founded by Howard Sanders, who used to make private investments on behalf of Citi Holdings' pension plan.

The firm's sustainable capital business makes primary, secondaries and co-investments in companies helping drive the transition to a greener economy.

LPs decided on Friday to sell between $800m and $900m worth of stakes in what could be one of the largest such deals ever.

London-based secondaries advisor Annabelle Judd has been promoted to principal, along with five fund placement professionals.

The preferred equity specialist founded by Yann Robard has raised $975m for its second fund.

The secondaries firm has amassed at least $9bn for Lexington Capital Partners IX in around six months.