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Separate Accounts

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.
CalPERS is reviewing its strategy of consolidating PE commitments into fewer managers. What will that mean for the industry?
The US pension has backed the fund of funds' latest vehicle and has also committed to an SMA with the Asia-focused manager.
Olivier Decannière, the French secondaries giant's UK head, tells Secondaries Investor why its clients want to move past the 'old story' of private equity.
HarbourVest has acquired the 6-person fund of funds arm of Bank of America Merrill Lynch, BAML Capital Access Funds, which focuses on emerging and diverse managers.
Strategic Partners has a $500 million separate account for real assets secondaries, including infrastructure and energy.
The separate account will opportunistically invest in Canadian secondaries funds.
Led by CIO Scott Chan, the $7.6bn pension chose Pantheon to manage its secondaries infrastructure and real assets separate account.
The bankrupt city’s $2bn General Retirement System will interview Landmark and Lexington as it searches for a manager to run a $15m allocation to private equity secondaries.
The $3bn fundraising total includes a $300m separate account with the Ohio Public Employees’ Retirement System.
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