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LP Sales
Australia's $85bn sovereign wealth fund brought the stakes to market in the second half of last year in a process run by Setter Capital.
One of the UK's largest pension funds brought about $1bn worth of fund stakes to market last year but only sold a portion of it, Secondaries Investor has learned.
Lexington invested out of its $10bn LCP VIII vehicle, the biggest secondaries fund ever raised.
The firm said the advisory side of the business, including secondaries, was impacted by equity market volatility during that period.
The proportion of stakes sold by public pension funds tripled between the first half of last year compared with the first half of 2015, according to a report.
The Pennsylvania Public School Employees’ Retirement System will sell the interests for at least 80 percent of their 30 September net asset value.
UBS has advised CalPERS on a series of secondaries deals dating back to 2007.
Pomona funded the transaction using its eighth secondaries fund, which closed on $1.75bn in April 2014.
The Royal Bank of Canada Trust Corporation has sold its stake in The Rockspring Pan-European Property Fund to a group of secondaries buyers.
The Rockspring Pan European Property Fund invested in Portugal-based shopping centres RioSul and SerraShopping.