Managers

New Mexico SIC is not in need of liquidity as it continues to see strong inflows from oil revenues in the state. However, it continues to push its managers to move toward exiting assets, especially in relation to funds living past their contractual terms.

The sovereign wealth fund will take formal recommendations to the board next February, but the investment staff is prepared to suggest incremental cuts to the asset class.

The evidence suggests many LPs have, or are developing, an appetite for investing directly in alternative asset managers.

The Siguler Guff spin-out launched the fund earlier this year and is eyeing an end-of-year close, affiliate title Secondaries Investor has learned.

IFM will exit its remaining portfolio companies within the next five years, after failing to scale its PE strategy sufficiently despite strong recent returns.

In keeping with past practice, Brookfield will make a hefty commitment alongside Fund VII’s LPs, totaling $3.5bn, sources told Buyouts.

The pension will keep its pacing in line with previous years, but aims to increase its commitments to venture capital and growth equity assets.

LPs are voicing an interest in stepping outside their traditional fund role and investing directly in GPs. The result could be a new class of shareholders in private markets.

Niobrara Capital was in June named one of Buyouts’ ten emerging managers to keep an eye on in 2025.

Since its launch, Avenue Sports Fund has made numerous investments across sports leagues and franchises in North America and Europe.