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tech
The $31bn manager is targeting secondaries investments through its 2019-vintage Fund XI and an in-market follow-on vehicle.
market
Secondaries funds returned net IRR of negative 1.75% in Q2 – the only strategy to go into negative territory – according to the latest data from the industry body.
Pine Street Capital, private equity
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.
moon
Investors seeking liquidity on the PE investing platform will be able to sell their fund stakes to the New York secondaries giant.
Pennsylvania state capital, Harrisburg, PA
CIO Jim Grossman told the $63bn pension's board that staff would focus on slower private equity pacing to reduce its allocation for now.
appointment
Two London-based executives will join in the second quarter of this year to lead a practice focused on GP-led transactions.
hire
The pension giant wants to hire two senior principals for its London and either New York or Toronto offices.
lion
The consumer-focused buyout shop received a direct bid for frozen food business Picard, which some LPs viewed as a better option.
warehouse
AIMCO invested €400m of equity in the deal centered around Aurelis Real Estate, a leading Germany-based light industrial real estate company.
Paris
Managing partner Daniel Benin discusses the firm's €1.6bn fundraise and how the new economy brought about by covid-19 will manifest in the secondaries market.
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