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LACERA seeks secondaries advisor in line with strategic change

The $48bn pension fund has proposed giving its CIO freedom to sell up to $500m in fund stakes per year without needing board approval.

CDPQ secondaries exec joins Canadian private equity firm

Former CDPQ private equity head Patrick Lynch is to join Fiera Comox, a Montreal-headquartered joint venture founded in 2016.

Florida SBA chairman questions secondaries’ role

At the pension's investment council meeting, Peter Collins questioned whether secondaries fulfil Florida Growth Funds' remit of growing businesses in the Sunshine state.

Sacramento County swaps separate accounts for fund stake

In an unusual real estate secondaries deal that one executive called a ‘no-brainer,’ the $8.6bn pension system is trading six assets for a $250m interest in an open-ended fund.

Why CalPERS is rethinking its ‘core 30’ concept

The pension plan’s strategy to reduce GP relationships to a core group has not delivered the benefits it expected.

CalPERS faces commitment issues

The US's largest public pension made $3.3bn of commitments to private equity in the 2016-17 fiscal year amid its programme to reduce its number of relationships with external GPs.

Wisconsin buys $231m RE portfolio

The $104bn US pension has acquired interests in eight funds, having previously been an active seller on the secondaries market.

The stakes Florida SBA sold to Ardian

Carlyle, Apollo and Blackstone funds were among those that changed hands in the deal involving $644m of NAV.

Temasek buys in British Columbia sale

The Canadian investor had brought a portfolio of private equity fund stakes to market in the first half of this year.

Portfolio Advisors eyes H2 closes for PASF III

Details of the firm's latest secondaries vehicle were revealed in documents prepared for PSERS, which made its debut commitment to a fund managed by the GP.