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Californian pension seeks PE partner with secondaries know-how

Stanislaus County Employees’ Retirement Association, which has $2.1bn in assets, will gain its first PE exposure through the creation of a private investment programme.

Ardian pivots to mandates as LPs shun primary FoFs

The firm has more than tripled its deployment of LP capital through mandates over the past three years as investors seek to avoid the additional fees associated with primary funds of funds.

Decoding the CalPERS request for information

The US's largest public pension, which has launched a search for potential partners, expects to grow its secondaries and SMAs participation by 'material amounts.'

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.

When less isn’t more

CalPERS is reviewing its strategy of consolidating PE commitments into fewer managers. What will that mean for the industry?

Penn SERS commits $100m to Asia Alternatives

The US pension has backed the fund of funds' latest vehicle and has also committed to an SMA with the Asia-focused manager.

Ardian on the rise of separately managed accounts

Olivier Decannière, the French secondaries giant's UK head, tells Secondaries Investor why its clients want to move past the 'old story' of private equity.

HarbourVest acquires BAML FoF manager

HarbourVest has acquired the 6-person fund of funds arm of Bank of America Merrill Lynch, BAML Capital Access Funds, which focuses on emerging and diverse managers.

Strategic Partners grows real assets SMA

Strategic Partners has a $500 million separate account for real assets secondaries, including infrastructure and energy.

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