Adam Le
The firm disclosed the launch of its concentrated deal-focused GP-led strategy in May.
Pennsylvania Public School Employees’ Retirement System's sale included stakes in funds managed by New Mountain Capital, Apollo Global Management and Platinum Equity.
Transfer agreements are seen as a $100,000 'copy and paste job' by some and 'complex legal contracts' that law firms are losing money on by others.
The Dutch pension giant had brought a portfolio worth $2bn-$3bn to market, affiliate title Secondaries Investor reported in June.
The €255bn unit of French financial giant BNP Paribas Group wants to sell a bundle of private equity and infrastructure stakes, Secondaries Investor has learned.
Secondaries capital that comes with deep sector expertise may define the next iteration of the GP-led market.
A stipulation that capital distributed to LPs via NAV facilities can be recalled is creating headaches for some investors.
William Blair launched its private capital advisory practice with the hire of Mike Custar in May last year.
Investors that do not participate in GP-led opportunities could be incurring an opportunity cost of at least 15% over the long run.
More capital was closed on for private equity secondaries in the first quarter of the year than for any other strategy outside of buyouts.