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“Nothing the managers said today gave me any confidence that we’re going to get distributions to the level of NAV they’ve marked on their portfolios,” says Marin County board president Sara Klein.

The fund's backers are new and existing ABS investors.

Until some of the more inefficient aspects of the continuation fund process are smoothed out, these deals are not likely to become routine exit options alongside IPOs and strategic sales.

For growth equity shops with capital on hand, there are presently value opportunities in a less competitive environment.

Strategic Partners, formed in 2000, has grown rapidly since its acquisition by Blackstone into one of the largest secondaries buyers in the market.

Fossil fuel-based energy production is needed to support more electrification and increased transmission in the economy, Utah Retirement Systems' CIO tells the sovereign wealth fund's board.

Incline Equity Partners VI will target the middle market.

Dispatches from the Fund Finance Association's APAC Symposium in Hong Kong this morning. Plus: why exposure to energy can impact private equity returns; and Investec re-enters the US market. Here's today's brief, for our valued subscribers only.

Military Mutual Aid Association hopes to commit 300bn Korean won to private equity, venture capital and secondaries funds in the country.

For many firms, fundraising timelines have extended to 18 months or even two years, reversing the speed of fundraising in 2021 and early 2022.