State Board of Administration of Florida related stories
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Side Letter: Gating-gateIn today's edition, Blue Owl's recent asset sale has thrust semi-liquids into the spotlight; Partners Group tries to assuage investors' AI concerns; Gridiron Capital is back in the market.
OpCapita, after 20 years, closes shop as founder Jackson plans to relocateOversight of the firm's four remaining assets and the wind-down process is expected to fall to two members of the firm’s management team.
Most LPs choose liquidity over rolling into continuation funds – reportNearly one-quarter of LPs have seen evidence of CV-on-CVs, according to Coller Capital’s latest investor survey.
How Florida SBA uses AI to analyse its private markets exposureThe $219bn pension has been using tools like Copilot to assess distribution sources such as NAV loans, dividend recaps and exits related to its funds.
Minnesota hands CIO greater discretion over private markets investmentsCIO Jill Schurtz will be able to commit up to $750m to commingled funds, separate accounts, secondaries transactions and dedicated co-invest vehicles.
CVs account for nearly one-fifth of sponsor-backed exits – KPMG studySome GPs view continuation vehicles as 'temporary measures', according to the financial services firm.
Florida SBA’s Bradley: CVs not so attractive 'when we put our LP hat on'A key concern is that a GP may not have market-tested the highest selling price of an asset, according to the $212bn pension's senior investment officer for PE.
Side Letter: 'Dumb money'A potential influx of 'dumb money' has ruffled feathers among some existing LPs. Plus: A look at how tariffs disrupted H1 investment values; and a $43 billion pension is doubling down on private equity. Here's today's brief, for our valued subscribers only.
Side Letter: What's in a securitisation?Carlyle AlpInvest breaks down the motivations and machinations behind its milestone CFO. Plus: India is becoming an increasingly important destination for secondaries; and what's needed to launch an evergreen. Here's today's brief, for our valued subscribers only.
Florida SBA’s Bradley: Retail capital driving down secondaries returnsThe $200bn pension now places a greater focus on the CV market, which is less crowded by retail capital, according to senior investment officer John Bradley.