UK

While many UK pensions are familiar with the secondaries market, few view it as an easily accessible way of freeing up liquidity.

The London-based retail real estate manager’s sale of a six-property portfolio will allow investors in its Pradera European Retail Fund 2 to fully exit the vehicle.

The sale is at least the second between the Universities Superannuation Scheme and the investment firm as the UK pension faces a growing liabilities deficit.

The UK’s Pensions Infrastructure Platform has acquired a portfolio of stakes in 10 projects across roads, waste facilities, hospitals and social infrastructure.

HarbourVest Partners' listed investment vehicle is around 5 percentage points above its target allocation for the strategy amid a rising valuations environment.

The Paradise Papers, a cache of leaked documents from offshore services firm Appleby, reveal an investment in HarbourVest's 2005-vintage secondaries fund.

This is the first dollar-demoninated fund for the tail-end specialist, which attracted US and multinational institutional LPs to its latest vehicle.

The global investment firm's latest vehicle in the strategy will focus on secondaries and co-investments.

The deal involves the London firm's latest buyout fund which was part-raised by a 2015 stapled deal involving a group of buyers led by Goldman Sachs.

The tail-end specialist expects to have raised more than $400m by the end of the quarter for its sixth fund, Secondaries Investor has learned.