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LPs that chose to sell their stakes in BC European Capital IX to Lexington Partners include media group scions, insurers and endowments.
The US state's Retirement Plans and Trust Funds has committed $100m to the secondaries firm's latest private equity vehicle.
The $30m commitment to ASF VII Infrastructure is part of a $1bn alternatives push by the US pension manager.
Expectations of capital distributions are up, with high pricing and dry powder dampening deployment, according to a report by Rede Partners.
AESF VI will be nearly double the size of its predecessor, according to a document seen by Secondaries Investor that reveals details of the fund's investments.
This is the $82bn pension's first investment with the private equity and real estate secondaries firm.
The Texas pension has committed $20m to the secondaries firm's latest private equity vehicle.
Stakes in Clayton, Dubilier & Rice's 2008-vintage fund traded at a 15% premium to NAV, according to data compiled by Palico.
In this extract from The Secondaries Market, Coller Capital's Gerald Carton, discusses why LPs sell.
The German manager is seeking up to four years to be able to maximise the value of its remaining assets, Secondaries Investor has learned.