LPs

It follows pension’s $300m investment in Ardian's ASF VIII in June, its first commitment to a secondaries fund in more than a decade.

The $56bn US pension will continue to look to the secondaries market to sell certain non-core holdings, CIO James Grossman has said.

We look under the hood of what drove the Australian SWF to undertake a major rebalancing of its private equity portfolio prior to the coronavirus pandemic.

The Canadian pension giant is understood to have sold chunks of the portfolio, worth as much as $2.5bn in total, to separate buyers.

Buyers will value a 'safe pair of hands' over pure return potential until the market stabilises further, according to Elm Capital.

The proportion of respondents who are 'not concerned' about liquidity was 81% across the summer, compared with 46% in the spring, according to a survey by the advisory firm.

RCP Advisors was targeting a summer final close for its $150m overage fund, which will invest alongside its flagship secondaries fund in coronavirus-induced opportunities.

The $60bn US pension backed the Revelstoke and Accel-KKR GP-led deals last year and expects to invest in more before the year is out.

The market dislocation means there may be more secondaries sellers than buyers, Aksia TorreyCove told the US pension.

The US public pension has made its debut commitments to two secondaries vehicles in 2020.