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The Institutional Limited Partners Association chief executive questions whether the industry is equipped to serve a more demanding clientele.
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Investment officer Pushpam Jain says the pension’s exposure to commodities alerted it to opportunities in farmland markets it had tracked since 2018, which ultimately led to more than $500m in TIAA secondaries deals.
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The $10bn system set a 5% target for its new private equity portfolio, with 75% of that intended for secondaries.
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The investment firm is managing $200m from HESTA in a fund of one to invest alongside impact and sustainable private equity managers.
tactical chess
The $217.5bn US pension set up an SMA with Aegon Asset Management last year and has been bidding on energy fund stakes.
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Coller Capital's latest findings are in line with PEI's LP Perspectives 2023 Study in which 22% of respondents said they intend to sell stakes only over the next year.
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The former head of alternative investments at healthcare provider Kaiser Permanente is expected to focus on growth equity, VC and secondaries activity.
PDI Seoul Forum 2022
Pension giant is reviving plans that were scrapped last year, head of the strategic alternative investments Jeryang Lee told delegates at the PDI: Seoul Forum.
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Board members referenced recent remarks from a Danish CIO that compared private equity to a ‘pyramid scheme.’
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The situation is an example of the challenges of completing LP portfolio sales in today’s market, with a widening gap between buyer and seller pricing expectations.

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