Manager Strategy

The South Korean government agency wants to commit up to $200m to secondaries funds.

Access to incremental debt capital can support follow-on investments in existing portfolio companies to preserve or enhance fund NAV, writes David Philipp of Crestline Investors.

The US public pension has issued an RFP for a secondaries private equity manager.

The pension system picked up secondaries stakes in Industry Ventures, Paine Schwartz and Eureka Equity funds.

The South Korean government pension fund wants to commit $100m in total.

The Seoul-based public pension scheme seeks opportunities within the secondaries market, private equity, and private debt.

The South Korean government agency wants to commit up to $200m to secondaries funds this year.

Family offices are twice as likely as institutional investors to sell private equity stakes due to poor manager performance.

The strategy can be in the form of a commingled fund or a separately managed account and should invest in secondaries.

More private fund managers that oversee closed-end funds are selling portions of their firm to finance product growth, succession or larger GP commitments.