Secondaries

Some LPs not in need of liquidity use the secondary market as a way to tweak their portfolio's construction, which is the case with IMCO.

Institutional investors can no longer ignore the fact that exposure to high-quality assets is increasingly accessed via the secondaries market.

While LP sales slowed around spring, activity has picked up and sources expect inventory to increase as the market moves into the third quarter.

The nation's official cabinet last week revealed 17 guidelines on improving the venture capital industry, covering fundraising, product structure and exits.

The country’s largest public pension will pursue both private equity and private credit continuation fund opportunities, investment policy committee member Sam Y Chung tells PEI.

Diversis, formed in 2013, acquired a majority stake in Tempo in 2018, and bought the rest of the company in 2022.

Secondaries is an area where the $251bn system can 'use creative partnerships to access opportunities', according to senior investment officer John Bradley.

LPs warming to NAV loans, a surprising degree of liquidity, and a spate of evergreen entrants could define the rest of this year.

As part of the system’s policy established in 2022, CalPERS has been building exposure to areas of private equity it may have skipped in the past, like smaller funds and growth-focused GPs.

AlpInvest chair Ruulke Bagijn and global head of primaries Wendy Zhu tell PEI that the Carlyle secondaries unit is seeing higher quality LP-led opportunities come to market.