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Schroders eyes high-net-worths with latest PE offering

Schroder GAIA II Specialist Private Equity Fund, which will invest in primaries, secondaries and co-investments, accepts investors with a minimum of $50,000.
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Wisconsin pension used secondaries market to shrink mega-fund exposure

State of Wisconsin Investment Board's private equity portfolio improved by 520bps amid commitments to fewer managers and sales of stakes in non-core managers.

Florida SBA eyes more co-investments amid high-priced secondaries market

The strategy has returned 15.5% since inception, as the pension fights pressure on returns by co-investing with its secondaries partners.
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StepStone to offer secondaries via HNWI platform

The firm will offer private equity, real estate, private debt and infrastructure products to clients and has recruited the Conversus team to lead the effort.

Discounts on pricing less important to LPs

LPs are coming to accept that big discounts on entry don't necessarily mean strong returns, an industry conference has heard.
Wendy Norris Future Fund

Future Fund: Secondaries help us ‘maximise returns’

The Australian SWF has exited around $3.4bn of private markets investments in recent years, according to deputy chief investment officer Wendy Norris.

The hidden risks in secondaries and how to avoid them

Investors unaware of the potential pitfalls in the strategy face hidden dangers – here's our deep dive into an issue that affects all areas of the market.

‘Record number’ of funds reaching secondaries transfer limits

Record-high transaction volumes mean that under US tax laws some LP stake transfers will not be permitted until 2022, according to a report by intermediary NYPPEX.

Secondaries under-performs other strategies over all periods

Returns for secondaries funds rose slightly on a quarterly basis, but the strategy has performed below the All Funds benchmark across all periods, according to data from the Institutional Limited Partners Association.
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Korea’s GEPS issues RFP for secondaries managers

The South Korean government pension fund wants to commit $100m in total.
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