Managers

The system also will explore relationships with new managers.

Jonathan Gray’s contention, that discounts on LP portfolios could increase, runs contrary to the trend this year of strengthening pricing.

'The rules overall are a step forward for the industry but there are some unique intricacies to look at regarding the transparencies we are used to,' says a member of the system’s investment staff.

BDT Capital Partners Fund IV, already 43% bigger than its predecessor, is expected to wrap up this month, sources told Buyouts.

The alts giant is set to launch BXPE, a dedicated private equity offering for wealthy individuals, in the coming months after it postponed raising capital for the vehicle.

The French asset manager will seek at least €1bn for its debut semiconductor fund, PEI understands.

Pricing for secondaries has improved to a net-asset-value level of around 90% for buyout funds.

SWIB is the latest massive pension system to consider upping its allocation.

The single-asset deal is among a slew of mid-market transactions that are keeping secondaries buyers busy, despite a slowdown earlier in the year on the GP-led side.

With the acquisition of Abrdn’s Europe PE business, the Brazilian alts giant would have about $9bn of fee-earning AUM to be put to work in mid-market strategies.