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Teesside Pension Fund aiming to hike secondaries transactions

The North East England pension fund is seeking to increase its exposure to secondaries markets this year.

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Institution: Teesside Pension Fund
Headquarters: Middlesbrough, United Kingdom
AUM: £4.16bn ($5.5bn; €4.85bn)
Allocation to alternatives: 2%

Teesside Pension Fund has announced in its latest investment committee report that it will be actively pursuing secondaries transactions in 2019. The pension is seeking to invest between £100 million and £200 million into secondaries equity stakes in the coming year, with stakes in private equity funds preferred.

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