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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.

CPPIB commits $330m to separate account with Northleaf

The separate account will opportunistically invest in Canadian secondaries funds.

Sacramento launches secondaries infra FoF

Led by CIO Scott Chan, the $7.6bn pension chose Pantheon to manage its secondaries infrastructure and real assets separate account.

Detroit pension moves forward with private equity

The bankrupt city’s $2bn General Retirement System will interview Landmark and Lexington as it searches for a manager to run a $15m allocation to private equity secondaries.