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The $173bn institution is offloading PE stakes via secondaries as it looks to deploy more capital into directs, global PE head Jim Pittman tells PEI.

The launch of the strategy, which is focused on secondaries and co-investments, follows a change in Swedish pension regulation allowing higher allocation to alternatives.

The pension made at least 52 new PE commitments in 2022, bringing the total number of funds and projects in its portfolio to 456, per its latest annual report.

The listed GP stakes and direct lending giant amassed $12.9bn in December for its fifth vehicle, the biggest-ever fund for the strategy.

The European manager was originally seeking €6.5bn for its latest offering.

Buying assets is 'not as big of an issue' as exits, Blackstone's president and COO said on the firm's latest quarterly earnings call.

The Singapore-headquartered multifamily office has gathered more than $1bn in AUM within six months of launching and is on the hunt for new GP relationships.

CVC Capital Partners IX beats Blackstone's $26.2bn Capital Partners VIII fund to take the coveted top spot.

Half-year fundraising dropped by a fifth year-on-year to $315.5bn across just 508 vehicles that held final closes over the period.

Some 508 private equity funds reached a final close globally in the first half, down 48% from 974 funds in H1 2022, according to PEI's H1 fundraising report.