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Macroeconomic concerns have weighed on secondaries market participants' minds over the last 12 months and have had varied effects.

News the pair is offering to buy all of SVG comes barely a day after the London-listed private equity investor reached an agreement ‘in principle’ to sell half its portfolio to two other buyers.

The Orange County Employees Retirement System, which commits 5.2% of its $12.5bn fund to private equity, expects to issue an RFP by mid-November.

The two firms have agreed to acquire 50 percent of SVG’s portfolio with just over a day and a half to go before shareholders must decide whether to accept a rival offer from HarbourVest.

The National Bank of Greece spin-out will focus on delivering returns for its two backers, chief executive Graham Thomas told, Secondaries Investor.

The bank is in talks with Houlihan Lokey to explore the sale of private equity, real estate and infrastructure stakes valued at as much as $2bn, Secondaries Investor has learned.

Scott Jacobsen has left the US's largest public pension fund after six years in its private investments team, Secondaries Investor has learned.

The target of a £1bn unsolicited bid from HarbourVest, said it is in ‘detailed’ talks with the consortium just days before HarbourVest’s first close deadline.

Private equity firms should go beyond enforcement cases and speeches and look internally to identify problems that could arise during an SEC inspection, said the Commission’s Igor Rozenblit.

The Japanese insurer’s decision to create an alternatives division follows sister company Japan Post Bank’s move in December to establish a private equity division.