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Chris Witkowsky

The appointment comes as movement around the secondaries advisory world has slowed after a series of relocations over the past year.
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The sale is being run in steps, with the first round of about $500m recently closed.
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GP-led deal activity has slowed in the market downturn as buyers look for mostly high-quality assets and continue to seek diversity through LP portfolio sales.
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The teachers’ pension portfolio is among several that have moved through the market this year, helping to drive secondaries volume even as activity on the GP-led side of the market remained muted.
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A disconnect exists in the industry between GPs who view continuation funds as a desirable way to hold certain assets beyond the limits of a traditional private equity fund, and LPs who generally would prefer a regular exit.
Infrastructure and real assets accounted for around 9% of estimated total volume in the first half, according to Greenhill & Co’s latest volume survey.
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The deal is understood to be Partners Group's largest secondaries deal on a total adjusted commitment basis.
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Sources point to an influx of deals hitting the market toward the end of summer that may drive volume, especially as pricing has improved.
GP-led secondary deals like single-asset continuation funds represented about 40% of estimated total market volume in the first half, according to Lazard’s first-half volume report.
With sluggish fundraising and GPs often desperate for capital, LPs are in a stronger position to demand certain concessions that may have been unworkable in the bull market years.
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