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The deal is one of several run by established managers helping to drive secondaries volume to what several professionals believe will be record levels this year.

Nexa Equity is among a handful of first-timers testing the private equity fundraising markets that were largely shut to newcomers in the health crisis.

GPI was founded in 2016 by managing partners Khai Ha, Alex Migon and William Royan, all ex-members of Ontario Teachers’ high-conviction equities group.

The deal, unusual for a pension, is a structure that has traditionally been used by banks and other financial institutions to trim down private equity holdings while still retaining exposure to certain GPs.

The firm raised $1.3bn for its 2018-vintage KKR Global Impact Fund, of which $300m was committed by New York State Common Retirement Fund.

Imperial makes control investments in lower-mid-market companies in healthcare and business and consumer services sectors across North America.

Rozenblit announced this week the launch of his firm, Iron Road Partners, to work with alternatives shops on preparing for regulatory examinations and investigations, among other things.

BlackRock joins the likes of TPG, Bain Capital, KKR, Blackstone, Apollo, Morgan Stanley and Hamilton Lane in creating a dedicated impact vehicle.

Fund II has so far collected $3.2bn, including $800m between January and March, Apollo reported in its Q1 2021 results.

The firm's No. 2, Gabriel de Alba, is in the process of launching a separate fund that will retain some connection to Catalyst.