Separate Accounts

Secondaries Investor catches up with John Bradley, senior investment officer at the $218bn US pension, to discuss the SMA's target returns and why it chose to work with Aegon Asset Management on the account.

A significant portion of the capital is part of an expanded secondaries-focused mandate with Canadian pension fund CDPQ.

Jeff Akers and Pinal Nicum of Adams Street Partners discuss their latest fundraise, the rise of SMAs and the limitations of relying on leverage to generate returns.

Investment solutions tailored to an investor’s needs are gaining in popularity, according to the investment firm's Martin Kessi and Krista Oertle.

The pension has changed the way it calculates investment limits, with implications for fund commitments, secondaries, co-investments and SMAs.

Stanislaus County Employees’ Retirement Association, which has $2.1bn in assets, will gain its first PE exposure through the creation of a private investment programme.

The firm has more than tripled its deployment of LP capital through mandates over the past three years as investors seek to avoid the additional fees associated with primary funds of funds.

The US's largest public pension, which has launched a search for potential partners, expects to grow its secondaries and SMAs participation by 'material amounts.'

At the pension's investment council meeting, Peter Collins questioned whether secondaries fulfil Florida Growth Funds' remit of growing businesses in the Sunshine state.

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.