Investors

The $25.3bn US public pension wants to sell private equity fund stakes and divest of non-strategic relationships, documents show.

The secondaries market is expanding private equity access to individual investors and defined contribution pension plans.

The sovereign wealth fund expects competition for attractive companies to remain intense or even accelerate.

Community organisers cited the secondaries firm's 2019 investment in Pretium Partners, whose portfolio company HavenBrook is facing scrutiny.

The deal is the second that Glendower has backed in healthcare in recent months, following the €700m DomusVi process last month.

The South Korean public pension fund has backed Brookfield's latest investment strategy.

Suyi Kim, previously head of Asia at the Canadian pension giant, has been named to lead its private equity unit globally.

The pension moderated the pace of new secondaries commitments, citing a high risk/return bar amid decreased market activity as a result of the pandemic.

Staff say they are seeing more GP-led secondaries than they have in the past, and are expecting to see more.

The $82bn public employees' retirement fund, which is overweight in private equity, plans to maintain its commitment pace and take other actions to get the portfolio right-sized.