News & Analysis

The investment firm has already raised at least $700m for the vehicle.

The pension exited two funds in February and is under contract to sell 10 more private debt and real estate fund stakes worth $88.91m by the end of March.

Lexington Middle Market Investors IV has a hurdle rate of 7% and a phased carried interest structure to 12.5%, documents from a US pension show.

The European directs and fund of funds specialist wants to offload minority stakes in at least 20 companies spanning sectors including industrial and manufacturing, Secondaries Investor has learned.

The distribution waterfall, a narrowing between gross and net IRR spreads and disclosure and transparency are among the key terms and conditions driving the GP-LP dynamic, according to the law firm.

The Canadian pension giant's head of secondaries and co-investments Michael Woolhouse tells us why the organisation is positioning itself as more than just a provider of LP capital.

The US's largest public pension will engage Meketa, its real assets advisor, as its private equity consultant for the remainder of PCA’s contract period ending June 2020.

The pension's secondaries target allocation was as much as 10% of its total portfolio last year, documents from advisor Hamilton Lane show.

In this extract from The Secondaries Market, James Sunday and Min Zhou of Landmark Partners look at who's buying real estate secondaries, the geographic exposure of funds traded and the size and structure of transactions.

The deal will increase Standard Life’s private equity assets more than fourfold.