The $50bn pension is searching for a consultant to help it with private markets investments including secondaries.
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The endowment had previously sold about $1.7bn in private equity fund stakes in an effort to cut down its number of manager relationships.
The firm’s best performing secondaries vehicle by investment return is its 2000-vintage Lexington Capital Partners IV, documents from a US pension show.
Five observations on Canada’s largest private equity investor and its approach to the secondaries market.
The Volcker Rule and other aspects of the Dodd-Frank Act will be scrapped if the bill is passed.
Trevor Blake is the fourth person to leave the secondaries specialist in the past year.
Larry Thuet, managing director and co-founder of secondaries advisor Park Hill, tells us whether the market is changing and whether securitisations will increase.
NPM Alternatives is the latest effort to boost liquidity in the asset class and will initially focus on feeder funds.
The pension exited two funds in February and is under contract to sell 10 more private debt and real estate fund stakes worth $88.91m by the end of March.
Lexington Middle Market Investors IV has a hurdle rate of 7% and a phased carried interest structure to 12.5%, documents from a US pension show.