US

LACERS CIO Rodney June: ‘The opportunity set has grown’ in private equity secondaries market as $26bn pension eyes potential participation.

SQ was the lead buyer of the $160m CV for portfolio company TeamDynamix, done in an off-market deal with no bankers involved, sources told Buyouts.

The California pension’s staff want to continue its co-investment program with Ardian and add develop similar programs with the firm outside private equity

The firm wrapped its fund up in about a quarter of the average industry time.

While many GPs have been optimistic despite the recent slump in private equity activity, some in the industry are concerned that the asset class's issues are more than temporary.

WindRose Health Investors VII is set to raise 27% more than its predecessor, closed in 2023 at more than $1.4bn.

Dallas ascribes a strong environment for new firm formation to a few factors, including, perhaps surprisingly, the rise of continuation funds, along with growing LP appetite.

The pension plan is preparing to sign off on a new mandate that would quadruple its co-investment pace over the next three years.

Healthcare Fund VI closed at over $625 million and Search Fund II raised almost $225 million.

Fund VII raised $977 million and Equity Fund II collected $345 million.