Lexington acquired the stakes from CPPIB in July and transferred a portion of them to CalPERS in a recent transaction.
Secondaries firms are now broadening their view of leverage and considering its use to boost returns through dividend recaps and help minimise currency volatility.
The firm said the advisory side of the business, including secondaries, was impacted by equity market volatility during that period.
James Jupp and Jennifer Galloway are the latest hires at the London firm that specialises in tail-end acquisitions and direct investments.
The New York-based start-up helps private companies like DocuSign, Shazam and Tango find liquidity for securities.
The infrastructure and private equity secondaries firm has hired a secondaries professional in its London office and promoted several staff globally.
NEPC’s Q3 2015 poll shows that in response to high valuations and restricted access to top quartile managers, these investors are looking into co-investing.
The insurance company unloaded interests in at least six European funds, mostly tail-end, to PineBridge and Akina.
The Tokyo-based firm is targeting up to 8bn yen for its debut fund which focuses on domestic direct secondaries deals.
The firm has acquired a bundle of tail-end interests from Europe's largest financial services group.
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