The $50bn pension is searching for a consultant to help it with private markets investments including secondaries.
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Limited partners which choose to roll over their stakes in the UK buyout firm’s sixth fund’s restructuring process were revealed in a UK regulatory filing.
The private markets investor says post-2009 fund stakes are changing hands at a premium, leading it to focus on less competitive opportunities.
The investment firm has already raised at least $700m for the vehicle.
The European directs and fund of funds specialist wants to offload minority stakes in at least 20 companies spanning sectors including industrial and manufacturing, Secondaries Investor has learned.
The deal will increase Standard Life’s private equity assets more than fourfold.
The European secondaries investor picked up stakes in two European Capital debt funds from the firm’s previous owner, American Capital, as part of the acquisition announced last week.
The European secondaries investor has acquired a 20-strong team and management of private debt funds with assets of €700m.
The firm has increased the target for Adams Street Global Secondary Fund 6 by 60% compared with its predecessor, Secondaries Investor has learned.
Low pricing deterred a sale of certain ‘illiquid’ assets held in a portfolio the US pension began managing in January.