Baltimore Fire and Police is mulling a commitment to the vehicle.
The firm's latest secondaries fund, the $1.1bn Strategic Secondaries II, was 50% invested as of the end of September.
The pension plan’s strategy to reduce GP relationships to a core group has not delivered the benefits it expected.
The private markets arm of the Swiss bank is searching for candidates to focus on secondaries as well as primaries and co-investments.
This is at least the second large portfolio of stakes the firm has brought to market this year.
Kuwait Investment Authority has been offloading European private equity stakes in line with changes taking place at its London office.
The firm sold a portion of the stake to unnamed limited partners for $198m, chief financial officer Chris Govan said in a Q3 earnings call.
Chinese pensions are expected to make a push into alternatives with a 6% allocation by 2030, according to a report by Casey Quirk, a Deloitte-owned consultancy.
The US's largest public pension made $3.3bn of commitments to private equity in the 2016-17 fiscal year amid its programme to reduce its number of relationships with external GPs.
New York-based Sean Brenan and Brian Musto are part of more than 500 promotions at the bank.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: