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The North Carolina Retirement System hired Neuberger Berman and said it will conduct parts of the new programme through secondaries investments.

The powerful House Ways and Means Committee has once again introduced a bill that would substantially raise taxes on carried interest.

The Louisiana Municipal Police Employees’ Retirement System committed $15m to the fund.

The asset manager of Europe's largest pension fund has bought another stake in the US real estate giant's fund.

The fund, Partners Group Global Real Estate 2014, is targeting $1bn and plans to make 25% of its investments in real estate secondaries.

JB Hayes, director of private markets at wealth management firm CTC/MyCFO, has been recommending his high net worth clients curb their investments in secondaries as pricing has reached new highs.

The London-based preferred equity specialist adds two secondaries experts to the investment team as deal flow increases.

With strong deal flow and high pricing expectations, demand for direct secondaries is robust, but the market also tends to reflect a disconnect to the fundamentals, according to Hans Swildens, chief executive and founder of Industry Ventures.

This is the second exit through an IPO this year for the direct secondaries firm, which has had eight exits in the last 12 months.

Azini Capital has completed four investments out of that fund, including its most recent one in end user computing risk management company ClusterSeven.