US

Ex-Blackstone dealmaker Mustafa Siddiqui’s firm, launched in January, closed its first CV with K1 Investment Management and has since made three more investments, affiliate title Secondaries Investor understands.

The firm's previous effort closed on $5.75bn in July 2024 with support from big pension funds such as New York State Common Retirement Fund, State Teachers Retirement System of Ohio and San Diego City Employees' Retirement System.

CVs continue private equity's history of innovation and evolution and will likely become part of the asset class's long term set of options for exits, co-managing partners Jeff Rhodes told Buyouts.

PEG Global Private Equity XII will focus on the small and mid-market.

Aksia believes the fund’s legacy GP relationships are burdening the pension’s administrative capabilities and could 'lead to return compression over time.'

We would do well not to plod, zombie-like, into a repetition of yesterday’s mistakes.

The cut comes as the pension looks to address the 'lower than expected' distributions since 2021 from the portfolio, causing the asset class to bloat.

Howard's endowment saw assets double under Dr Wayne Frederick's tenure as system deployed a windfall of cash from earmarked federal grants.

NewView Capital Fund IV arrives in the market as venture secondaries are heating up, driven by overallocated LPs pressing GPs to expand distributions as a way to replenish capital stocks

Truelink Capital II is expected to hold a first, and possibly final, closing in the first quarter of next year, according to pension documents.