Secondaries

Monday is a federal holiday in the US, so we'll return to your inbox on Tuesday. In the meantime, a US pension has sounded the alarm over defaults in its portfolio. Plus: sponsors are looking to address risks associated with CV processes. Here's today's brief, for our valued subscribers only.

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

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.

GIC and JPMAM propose a radical new approach to alternatives portfolio construction. Plus: Brookfield is back with its next flagship; and an Asian pension giant wants more secondaries exposure. Here's today's brief, for our valued subscribers only.

GPs need to be transparent with LPs about the impacts of having GP-led deals in co-investment funds, Partners Capital's head of co-investments Adam Spence tells PEI.

'We tend to like single-asset continuation vehicles if the story is right if it’s with a sponsor that we think is the right owner for that asset going forward,' according to deputy CIO Allen Waldrop.

The Siguler Guff spin-out launched the fund earlier this year and is eyeing an end-of-year close, affiliate title Secondaries Investor has learned.

The world's second-largest PE investor appears cautiously optimistic around continuation funds. Plus: Texas Municipal and Fordham University are wary of retail participation in private markets. Here's today's brief, for our valued subscribers only.