Institutional Investor

The manager's $1bn CFO created access for insurance investors that had lost the ability to back PE, while offering a compelling capital raising strategy for the firm itself.

Apollo chief executive Marc Rowan’s comments this week point to a messy situation involving three of private markets’ hottest trends.

Even though some return mechanisms secondaries buyers have historically looked to are less attractive in today's market, the OCIO firm is encouraging its clients to participate in the growing secondaries market both as a buyer and to reshape its programmes as a seller.

Such opportunities 'can provide us with some downside protection against the macro flows rather than going with the flow as part of the herd’, says head and OCIO Seong Sup Cho.

The system's process marks the latest instance it has sought liquidity in the secondaries market.

Narrow discounts mean infrastructure remains a first port of call for secondaries sellers.

The new questionnaire asks GPs to disclose details including transaction terms and asset returns.

While the list of the largest known LP commitments remains dominated by US-based investors, it also reflects a growing presence of non-US institutions from Asia and the UK.

New opportunities are arising for LPs, but there are ongoing pain points to address.

The deals add to what has been a busy year for the Canadian pension, which has been an active participant on the buy and sellside of the secondaries market.