North America

The $44bn pension's Amol Deshpande discusses its PE allocation plan and the types of secondaries opportunities it expects to pursue.

The Boston manager is aiming to hold a 'significant' first close for BV Investment Partners Fund XII in December, pension documents said.

MIF III targets mid-market infrastructure assets across North America.

The pension is launching a private market investment programme targeting co-underwrites, syndicated co-investments, secondaries and growth capital investments.

LPs want exposure to the mid-market, where there is differentiated alpha with many levers and ways to win, Adel Alderbas tells Private Equity International.

The deal is one of the rarer energy assets to make use of secondaries as a way to extend holds and deliver liquidity to limited partners in an older fund.

Private equity funds took an average of 17 months to hold their final close in the first three quarters of this year, marking a slight shortening on last year.