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The $6.4bn retirement system plans to invest in mezzanine and direct lending, distressed, secondaries, buyouts and funds of funds.
The firm is expected to hold a first close on its third mid-market secondaries fund by the end of the year.
HarbourVest Partners’ latest secondaries vehicle is offering an average annual management fee of 0.81%, according to University of Houston documents.
Cuyahoga Capital Partners has been acquired by Private Advisors. Cuyahoga founders Bart Shirley and Chris Hanrahan will join the firm.
The Nebraska Investment Council made a total of $50m in commitments to HarbourVest’s latest 'Dover Street' fund - targeting $3bn - and RCP’s eighth fund of funds vehicle.
The $37bn retirement system is issuing an RFP for a consultant to assist in the engagement of the private equity secondary market.
A recent SEC filing shows that Goldman Sachs has at least $1.2bn for the latest in its Vintage Fund series, which have typically focused on secondary assets.
Coller Capital will manage the $9.3bn state workers retirement system’s $100m mandate to buy assets on the secondaries market.
The $5.8bn retirement system was attracted by the firm’s strong performance on its previous fund and limited use of leverage.
DLJ Merchant Banking Partners and JP Morgan held onto Vitopel for 12 years before selling the company to Vision for an undisclosed amount.