The $36bn fund reported strong private equity returns after implementing an “aggressive” restructuring plan in December 2016.
LPs that chose to sell their stakes in BC European Capital IX to Lexington Partners include media group scions, insurers and endowments.
The US state's Retirement Plans and Trust Funds has committed $100m to the secondaries firm's latest private equity vehicle.
The regulator issued a risk alert after finding consistent shortcomings in the way performance is advertised.
The $30m commitment to ASF VII Infrastructure is part of a $1bn alternatives push by the US pension manager.
Expectations of capital distributions are up, with high pricing and dry powder dampening deployment, according to a report by Rede Partners.
Hans Swildens is chief executive and founder of the venture capital-focused fund of funds and secondaries specialist. He speaks to Secondaries Investor about who's selling what, the rise of corporate spin-outs, and how small and complex rules the day.
In this second part of our Q&A, advisor Evercore's Nigel Dawn discusses GP-led deals and where that sector of the market might go from here.
This is the $82bn pension's first investment with the private equity and real estate secondaries firm.
The firm raised the same amount for its predecessor vehicle that acquires stakes in North American lower- and mid-market funds.