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.
We reveal this year's most impressive secondaries individuals under 36 in the 10th iteration of the Next Gen 10.
CVs are gaining momentum in the VC industry as more venture firms use them to extend ownership of prized assets and generate liquidity for LPs.
The institution will look to partner with established fund managers, taking an opportunistic approach to LP-led secondaries.
SFMI has been scaling up its secondaries portfolio in recent years through private equity and private debt.
Fresno County Employees’ Retirement Association announced commitments to three funds.
Vermont Pension Investment Commission received a recommendation from RVK to commit to a fund managed by Neuberger Berman.
The firm remains focused on primary, secondary and co-investment opportunities while increasing its private credit allocation.