In the first episode of PEI Group's new podcast series Commitment Issues, Yangge Seaman of Children's Health and Steven Batchelor of Hg discuss how both sides are seeking greater liquidity from their portfolios
Temasek’s Azalea Investment Management expects more GPs to use the technology to crystallise liquidity for LPs, according to managing director Justin Keh.
The Boston-headquartered manager has raised over $1.1bn for its debut single asset CV-focused strategy, joining Blue Owl and Leonard Green in closing such vehicles this year.
The deal sees a portfolio of private equity interests move into a new vehicle run by M&G.
The close of MCP Opportunity Secondary Program VI follows a rejig of Montana's senior leadership last year.
The platform's close marks the second notable debut GP-led strategy to close this year after Leonard Green closed on more than $3.6bn last month.
The GP-led-focused fund is more than a quarter invested and will target lower mid-market deals in North America.
Strategic Partners has held an initial close of $5bn for Strategic Partners Fund X with 'another major close' expected in the coming weeks, Blackstone's president and COO Jon Gray said on the firm's earnings call. Its $22.2bn Fund IX had committed $19.7bn by year-end 2025.
The US pension plan is targeting a 5-15% exposure to secondaries and committed a total of $400m to two HarbourVest vehicles.
The pair will eye 'additional areas of collaboration' amid the insurer's plans to raise its alternatives exposure.