Pension giant is reviving plans that were scrapped last year, head of the strategic alternative investments Jeryang Lee told delegates at the PDI: Seoul Forum.
The misuse of common practices in the private equity industry could allow misalignment between LPs and GPs.
British Airways Pensions appointed BlackRock as its outsourced CIO for around £21.5bn of its pension schemes’ assets last year.
Board members referenced recent remarks from a Danish CIO that compared private equity to a ‘pyramid scheme.’
Investors who do not participate in GP-led secondaries could be incurring an opportunity cost of at least 15% over the long run, a study by Upwelling Capital Group has found.
CDPQ is among several sellers who have chosen to test pricing in the market, rather than engage in a full-out secondaries auction to sell fund stakes.
The situation is an example of the challenges of completing LP portfolio sales in today’s market, with a widening gap between buyer and seller pricing expectations.
The deputy CIO of the US's largest public pension would have authority to buy up to $2bn-worth of fund stakes without investment committee authorisation, documents show.
Secondaries Investor caught up with Adrian Millan from PJT Partners to discuss a market that's becoming increasingly relevant to liquidity-squeezed LPs.
Public pensions drove the LP-led market in H1, as allocation pressures led them to sell despite worsening price dislocation, Campbell Lutyens found.