The US public pension is aiming to reach its target allocation to the asset class.
These turbulent times could be characterised by some surprisingly large fund closes.
David Larsen, a managing director at Duff & Phelps, says investors should seek guidance from their GPs as to likely discounts.
Limited partners who have piled into the asset class in recent years could be left severely overweighted in private equity unless public markets see a significant recovery.
The Singapore-based investment manager closed its debut private equity fund.
The US public pension has backed two North America-focused funds.
The US public pension backed nine private equity vehicles in its Q4 2019 private markets commitments.
The coronavirus pandemic is one of multiple threats to manager-initiated deals, which accounted for around one-third of total secondaries market volume last year.
The US public pension has backed Summit Partners' third Europe-focused growth equity vehicle.
The US-based institution has backed a venture capital fund.