The €255bn insurance arm of French financial giant BNP Paribas Group had brought a portfolio to market earlier this year.
MN brought the portfolio of private equity fund stakes to market this year, affiliate title Buyouts reported over the summer.
Bart van Dijk joins from global compliance firm CSC and is the industry body's first regional head outside North America.
The institution wants to understand “how deep the private credit secondaries market is” after seeing stellar returns from PE secondaries, senior portfolio manager John Mogg said in a recent advisory council meeting.
Connecticut Retirement Plans and Trust Funds wants to further capture attractive sponsor initiated investment opportunities in addition to the ones it sees via its managers.
The $257bn pension has been seeking alternatives to secondaries sales to avoid taking large discounts in such transactions.
The US pension's investment committed noted the global secondaries market is a more intriguing opportunity after deal volume hit a record in the first half of this year.
Investors including Alaska Permanent, Caisse des Dépôts, Skandia, New York City Retirement Systems and TRS Texas share their views on how this market can be improved and how they are positioning themselves to take advantage of CVs.
Transfer agreements are seen as a $100,000 'copy & paste job' by some and 'complex legal contracts' that law firms are losing money on by others.
Data from the consultant prepared for Teachers' Retirement System of Louisiana shows the strategy still has room to grow.