Abu Dhabi Investment Authority is also understood to have been in talks to buy a stake in the secondaries giant.
The misuse of common practices in the private equity industry could allow misalignment between LPs and GPs.
Buyers will continue to make smaller bets on opportunities coming to market as they await more certainty around valuations and metrics, AlpInvest’s Chris Perriello tells Secondaries Investor.
Diagnostics business The Binding Site was part of a group of companies involved in the firm's landmark 2018 GP-led secondaries process.
Other big tender processes in the market are being run by Carlyle Group and Harvest Partners, both of which include the potential for large staples of fresh capital.
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.’
The $649bn SWF was 'proactive in monitoring and managing' its existing portfolio last year, including via the secondaries market, according to its latest annual report.
The subsidiary financial services holding company Stifel Financial Corp had advised on $2.5bn of secondaries deals in the three years to June.
Blackstone Strategic Partners IX hit $17.2bn in the third quarter of the year, according to the firm's latest earnings call.
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