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The Carlyle Group unit is understood to be among buyers involved in the GP-led process on Oaktree Principal Fund V.
Teesside Pension Fund plans to invest in secondaries market
The North East England pension fund is seeking to increase its exposure to secondaries markets this year.
The LP has restructured its private equity portfolio, increasing its commitment capacity to the strategy and to emerging managers, and it can now sell interests on the secondaries market.
The firm used its latest fund to acquire positions in funds managed by Scottish Equity Partners and Gresham, having bought several UK-based assets in 2018.
Around $17bn-worth of big processes launched or closed last year, according to Secondaries Investor data.
GPs worried about the UK's fate but who want to leave money on the table should look to secondaries for their backup plan.
The $56bn US pension wants to reduce the amount of fees it pays to external managers.
The C$153bn pension is the latest North American institutional investor to bring a huge bundle of stakes to market.
University of Michigan endowment's sale is the latest in a series of large divestments by North American institutional investors.
The $16.7bn US pension wants to reduce its number of GP relationships.
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