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Chelsea Stevenson

Baltimore Fire & Police has 8% exposure to secondaries

The Baltimore Fire and Police Employees’ Retirement System has committed to secondaries funds managed by LGT Crown and Greenspring Associates.

Highest secondaries bids cap at 102% NAV

The highest prices for LP interests ranged from 100 percent to 102 percent net asset value during the first quarter, according to NYPPEX.

Cebile: Buyer universe for FoF secondaries is limited

The challenge with buying LP interests in funds of funds is the number of potential buyers is limited, said Sunaina Sinha, managing partner of Cebile Capital.

Triago: LP interests trade at 96% to NAV in Q1

In 2014 the average price of LP interests traded on the secondaries market was 94 percent of net asset value.

Former Coller exec launches secondaries firm

Michael Alfano has launched Reciprocal Capital, a New York-based investment company focused on private equity secondaries and co-investments.

AXON: 1,270 transactions closed in 2014

The average secondaries transaction size was $40m last year, according to a survey conducted by Zug, Switzerland-based AXON Partners.

Large buyers account for 70% of dry powder

The largest secondaries buyers have more than $1bn of capital to invest in secondaries, according to a survey conducted by AXON Partners.

Pantheon’s listed FoF invests £11.5m in two secondaries deals

The London-listed fund of funds has invested in 11 secondaries transactions in the nine months up to 31 March.

Northleaf reaches C$264m for VC FoF

The Northleaf Venture Catalyst Fund can invest up to 10 percent of its total commitments in secondaries.

PSERS invests $100m in Coller VII

The Pennsylvania Public School Employees’ Retirement System is also a limited partner in Coller’s sixth secondaries fund.

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