US asset owners look further afield as local managers lose appetite for sustainability.
There have been cases when continuation funds have been 'misused and overused', according to Teia Merring, senior investment director at USS and chair of ILPA.
The Taiwan-based insurance company reveals a $70m commitment to private equity.
Quilvest Secondaries Fund will primarily target GP-led transactions, though it will include a pocket for shorter duration opportunities, affiliate title Secondaries Investor understands.
The private pension fund has an appetite for private equity but is currently under-allocated to the asset class.
The pension fund committed to Unity Partners Fund I.
The Fire and Police Pension Association of Colorado to commit to Summit Partners, the Cynosure Group and Periscope Equity.
Los Angeles Water & Power Employees Retirement Plan splits the amount between two Clearlake funds.
The recommended amount will help the pension fund achieve and maintain its 18% target allocation.
LACERS is targeting up to $700m of commitments in 2025.