Gregg Gethard

LPs are expected to increase sales of their portfolios over the coming year, which could bode well for secondaries funds.

Vistria bucks the trend with a quick turnaround for its latest fundraise. The manager holds over 30 portfolio companies across its four previous offerings.

LLR Equity Partners VII will focus on lower-mid-market tech and healthcare companies.

Nebraska stands as an outlier with a 5% allocation to private equity, which is below most of its peers.

A green-friendly (meaning money) recycling program allows Oregon to take up to $1bn from secondaries sales of its legacy portfolio and place it into a co-investment fund.

Specific niche funds could gain traction as LPs look to diversify their private equity portfolios in the face of market volatility.

Many LPs are focusing on re-ups with existing relationships due to the current economic landscape. LPs with dedicated programs may serve as a valuable lifeline for emerging and diverse-owned managers.

The $33bn system adds flexibility in making a secondaries purchase, perhaps indicating the system sees an opportunity in a dislocated market.

The nation’s largest pension system’s emerging manager commitment flies in the face of many other public allocators that have emphasized re-ups with existing relationships.

'We could even go further but we decided to take a smaller step if anything,' West Virginia CIO Craig Slaughter said.