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Public Employees' Retirement System of Nevada makes changes to its investment policy

In a tough fundraising market, an opportunity to add a new and very rich pool of retirement savings as a capital source is enticing for private equity GPs, especially the very largest.

PE secondaries is also presenting significant opportunities.

The US market is 'where we see the most active dealflow globally', says Alexandre Décary, La Caisse’s vice-president of Americas private equity.

A cluster of European fund closes could be at the vanguard of a fresh wave of regional success stories amid rising investor demand. Plus: why a bevy of co-investment opportunities is creating headaches for LPs. Here's today's brief, for our valued subscribers only.

The wealth manager is interested in new impact opportunities across Europe, APAC and the US.

Available secondaries capital grew to a record high of $302bn in the first half, with aggregate NAV of retail vehicles managed by secondaries investors surpassing $80bn as of March, according to a report from Jefferies.

Pact has so far made minority investments in Accel-KKR, a technology-focused investment firm, as well as in Graham Partners, a private equity firm specializing in advanced manufacturing and industrial technology.

GP-led deals represented around $48bn of the estimated $102bn of first-half secondary volume, according to Evercore’s latest volume report.