Investors

North Carolina is the latest in a string of LPs reviewing their participation, or a lack thereof, in GP-led transactions. Plus: Norway’s Cubera has closed its largest secondaries fund; and PE bankruptcies are causing headaches for compliance officers. Here's today's brief, for our valued subscribers only.

Investors including Alaska Permanent, Caisse des Dépôts, Skandia, New York City Retirement Systems and TRS Texas share their views on how this market can be improved and how they are positioning themselves to take advantage of CVs.

Florida State Board of Administration believes securitisations could be a better option than selling fund stakes if LPs must take massive discounts.

During discussions, the treasury committee said it would target GP-led secondaries deals.

LP overallocation has been a key factor in slow private equity fundraising over the past two and a half years.

The expanded focus would include co-investments in private real assets, private income strategies and unique strategies.

Our upcoming special report on the secondaries market shows the future looks bright for this burgeoning asset class – though investors have a list of improvements they’d like to see.

Transfer agreements are seen as a $100,000 'copy & paste job' by some and 'complex legal contracts' that law firms are losing money on by others.