Madeleine Farman
British Airways Pensions appointed BlackRock as its outsourced CIO for around £21.5bn of its pension schemes’ assets last year.
It’s all about alignment and outperformance when it comes to selling the idea of a GP-led; two reports this week suggest LPs and GPs have a way to go to get on the same path.
There is misalignment between investors and GPs on the topics of obstacles, red flags and expectations, a Capstone survey finds – however, the market is expected to go through further standardisation.
Nordic mid-market buyout house Adelis Equity Partners has rolled in-vitro diagnostics company SSI Diagnostica into a single-asset continuation fund.
Cathay Life Insurance tops the list of the largest known investors in secondaries, committing $2.42bn to funds with a vintage year of between 2016 and 2022.
Information is king in getting a deal over the line in a buyer’s secondaries market for GP-led transactions.
While North America has coalesced around a common process, some transactions in Europe are subject to different time frames and varying access to information, attendees at the BVCA Summit were told.
The dream of a private equity evergreen fund structure continues with murmurs that market participants are exploring ideas for the launch of just such a vehicle.
Allianz can already invest in secondaries via its Allianz Private Equity Fund and Allianz Global Diversified Infrastructure Equity Fund.
The move brings the total number of partners at London-headquartered Hollyport Capital, which specialises in acquiring tail-end private equity portfolios, to eight.