CalPERS offers $1bn secondaries portfolio

Greenhill Cogent has been hired to sell the portfolio just months after the US’ largest pension sold up to $4bn-worth of private equity and real estate stakes.

The California Public Employees’ Retirement System (CalPERS) is preparing to sell a portfolio of fund stakes worth around $1 billion, four months after it completed the largest ever secondaries deal, Secondaries Investor has learned.

CalPERS is preparing to offload the private equity stakes in a process run by Greenhill Cogent, according to three sources familiar with the matter.

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