News

The pacing projections were set a week after the system’s investment committee approved a rebalancing of its funds' private equity target allocations.

The system floated a plan to invest $250m to emerging private equity managers over the next five years.

The fund's investors include institutions in Europe, Japan and North America.

Some curtailment of the scope of direct investing, and the reintroduction of fund investing, mark a fundamental shift from the past practice of an innovative Canadian institution.

The US's second-largest public pension is streamlining its approach to secondaries deals. Plus: why fundless sponsors could be on the rise; and some fund close news. Here's today's brief, for our valued subscribers only.

The $865m fund will be invested by a new growth team led by former TCV general partner Shalini Rao and including alumni of Bessemer Venture Partners, EQT Group, Insight Partners and Bond.

Deal attribution is a major factor in helping potential fund investors understand the track record of the founders.

StepStone Secondary Opportunities Fund V's limited partners include sovereign wealth funds, public and corporate pension funds, endowments, foundations and family offices.