With peers facing substantial portfolio challenges, the $30bn endowment is urging restraint in what its leaders say is an environment for endowments akin to 2008’s financial crisis.
Speaking at PEI's Women in Private Markets Summit, representatives from investors including NYCRS expressed caution about the rise of CVs on CVs, saying such practice could make GPs appear 'desperate'.
The hire is understood to bring the total number of professionals within the investment bank’s directs and secondaries team to 35.
The transactional nature of semi-liquid fund structures can place a lower importance on relationship building between investors and their managers, says Nicole Musicco.
Some LP-led deals that had not yet closed at the time of the US tariff announcements have either been reopened to account for valuation uncertainties or delayed.
Yale's sizeable portfolio sale could spur a number of endowments to follow suit – with programmatic seller Harvard in market alongside it.
The separately managed account will invest into two Lexington funds, as well as co-investment opportunities.
The transaction, which could total as much as $1bn in size, is understood to comprise a concentrated list of funds and managers.
Having last acquired infra secondary assets in 2017, the €616bn Dutch pension manager may tap the fast-growing market again, says infra chief Jan-Willem Ruisbroek.
While the exact size of the portfolio is unclear, Secondaries Investor understands the portfolio could range around the $5bn and $6bn mark.