'Rolling LPs should be, but often are not, given a status quo option to retain the same economic terms of their investment,' according to the institute’s latest report on CVs.
The sovereign wealth fund deepens its ties with the manager, investing in Fund VI.
The California pension agreed to a $45m commitment to the vehicle during a recent investment council meeting.
Taiwan Life Insurance commits $50m to Ardian's infrastructure secondaries fund.
While many secondaries investors are willing to join as syndicate participants, few are willing to take on the 'onerous' task of a lead investor role in CVs, panellists said at the Fund Finance Association European Symposium held in London.
Investor Intentions: Korea Post announces its infrastructure secondaries fund manager selection plan
Korea Post intends to commit around $150m to offshore infrastructure secondaries funds.
Texan public pension fund emphasises secondaries activities through private equity and private real estate in 2026.
The pension joins several large North American LPs that have considered or already sold more than $1bn of private markets exposure this year.
The institution is open to new partnerships on a co-investment basis, taking a sector-agnostic approach.
Secondaries use is soaring as the search for liquidity intensifies.