Secondaries

PEI speaks with senior investment officer Jonathan Popielarski about the types of fund stakes the US pension wants to buy so it can hit its 11% target allocation.

Richer, deeper, more complex, more diverse, more granular: all could describe the evolving secondaries market. We gathered six experts to discuss the intricacies of an industry that is blooming and booming.

The private equity giant approached secondaries buyers about acquiring LP stakes in its 2013-vintage Sub-Saharan Africa Fund and making a stapled commitment to its successor.

Ruulke Bagijn, the new head of the firm’s AlpInvest and Metropolitan units, says co-investment and secondaries funds will remain part of the core of the business.

LPs can find the options are limited when a fund manager restructures the leftover assets in a fund nearing the end of its life.