Some LPs are finding themselves as forced sellers in CVs because of the length of time given in election periods.
In today's edition, LPs are becoming more amenable to GP-leds, says StepStone; Australia's SWF gets a new CIO; GPs are offering bigger pay packets to AI whizzes.
The pension will grant its adviser the discretion to manage its investments in Clearlake Capital Partners, including the ability to liquidate the assets via the secondaries market.
The deal, which will form a life and pensions giant with a £480bn-odd asset portfolio, reflects the trend for consolidation among both LPs and managers.
Gavin Ezekowitz, CIO at BFA Global Investors, says the industry must do a better job of managing liquidity events in unlisted funds.
After a surge in interest around the covid-19 pandemic, it has been a mixed picture for life sciences and biotech-focused PE fundraising and capital deployment.
Investors are focusing more on the theme of resilience, David Kelnar of the investment bank's private capital team tells PEI.
Private market exposure has enduring appeal for local government pension schemes; the heavy lifting now lies in integration, education and portfolio stewardship, sources tell PEI.
The €25bn retirement scheme for academics joins a growing list of European LPs exploring opportunities in the defence sector.
Institutions including the International Finance Corporation and British International Investment are prioritising selective manager-led allocations, growth equity and realistic paths to returns.