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Senior wealth and asset management executives weigh in on the importance of liquidity management, investor alignment and scale in evergreen funds distribution at an industry conference in Paris.

After years of buying and selling secondaries as an allocator, Yangge Seaman believes that while institutional investors often have the appetite and capital to pursue deals, they aren’t able to follow through. Her new firm, Gordian Investment Group, aims to bridge that gap.

The firm has received a licence to deal securities in Hong Kong just months after appointing its first head of Australia.

Endowments and foundations using outsourced investment offices increasingly view GP-led secondaries as a way to deploy capital more quickly into private markets, prioritizing performance opportunities over liquidity concerns.

Clarity and alignment on exits, value creation and succession planning are now essential components of the fundraising formula, an LP tells PEI’s Commitment Issues podcast.

Scott Kleinman, co-president of the firm, said at an industry event on Wednesday that the real obstacle is sellers being unwilling to accept the price the market is offering.

The pension fund plans to increase its private credit allocation at the expense of its overweight private equity assets.

The pension is targeting a private equity commitment range of $400m to $1.05bn in FY-2027, along with an additional $200m for co-investments.

For the energy private equity firm, which has a direct investment model, traction on the fundraising trail may owe to performance.