Nearly one-quarter of LPs have seen evidence of CV-on-CVs, according to Coller Capital’s latest investor survey.
The US pension plan is targeting a 5-15% exposure to secondaries and committed a total of $400m to two HarbourVest vehicles.
The pair will eye 'additional areas of collaboration' amid the insurer's plans to raise its alternatives exposure.
Marc Smid, who oversees the German insurance giant's private debt fund of funds, sets out his expectations and concerns with respect to GPs.
Under the TPA an LP’s selling decision is more likely to be driven by opportunistic considerations, rather than breaches of asset allocation targets.
The sale is expected to be the first in what could be a series of fund stakes offerings by the sovereign fund as it works to manage its portfolio.
Secondaries has become a popular portfolio management tool for large US endowments like Yale and Harvard.
New opportunities are arising for LPs, but there are ongoing pain points to address.
Do limited partner advisory committees have any relevance in a world where a sole LP wants to have its day in court?
The sale included a core portfolio as well as another bundle of fund interests offered to buyers, Secondaries Investor understands.