The specialist impact investing firm has raised a further $100m and held a second close for its debut dedicated secondaries fund.
Chief investment officer Vishnu Amble is keen on selling private equity fund stakes bilaterally as the family office pares its exposure to illiquid assets.
The UK life insurer seeks to back CVs involving assets that need more time and capital to support growth, as opposed to primarily allowing a GP to hold on to a trophy asset, infrastructure funds co-head Anish Majmudar tells Secondaries Investor.
The continuation fund houses eight assets, with five to six making up the bulk of net asset value, Secondaries Investor understands.
The pension plan is hoping to reduce its allocation to buyout assets, increase its liquidity and cull 'inactive' GP relationships.
While more LPs are participating directly in CVs and secondaries transactions, such investors remain 'the exception, not the norm' in the market, according to BCI’s global head of PE.
The industry body's prior guidance was 'silent on a lot of things’, chief executive Jennifer Choi tells Secondaries Investor.
Mubadala’s indirect investments arm, which launched its secondaries unit in 2024, deployed $19bn in 2025.
Other European insurance firms, such as NN Group, are also looking at the secondaries market as they work to diversify their illiquid credit portfolios.
Around 40% of LPs expect continuation vehicle activity to continue growing, with a number opting to take a more concentrated approach to this corner of the market, according to Coller Capital's latest Barometer report.