Washington State’s massive public pension system is shopping a multi-billion dollar portfolio of private equity fund stakes in a re-engagement with the market after pulling a similar sale in 2022, sources told Buyouts.
The secondaries market has hit yet another milestone, with more capital raised for secondaries strategies last year than any other year in the subsector’s history. (Secondaries Investor)
Meanwhile, private equity fundraising fell for the second year in a row last year, reflecting the sluggish market environment that some expect to continue into this year. (Private Equity International)
Pennsylvania Public School Employees’ Retirement System will continue to slow the pacing of its private equity program as it works to shrink its allocation to the asset class as it works to rebuild after the departure of most of its PE team, the system’s chief investment officer told Buyouts.
OceanSound Partners, a Latino-led emerging manager in fundraising mode, hired Julie Marracino in the newly created role of principal of investor relations. (Buyouts)
APG: "We have a new strategy much more explicitly tilted towards net zero." An increased 7% infrastructure allocation and a new mandate will make APG’s commitment to the energy transition even clearer, says asset class chief Jan-Willem Ruisbroek. (Infrastructure Investor)
Blackstone’s Strategic Partners unit has made headway with capital raising (almost $2 billion) for its latest infrastructure program amid heightened interest in the asset class. (Secondaries Investor)
Increased scrutiny from regulators and industry-wide calls for transparency are steps in the right direction for the growing private markets, yet more needs to be done in standardizing fund documents, attendees at the IPEM Cannes conference heard. (Private Equity International)
Women-led funds make up just a sliver of the venture capital market, but they made significant headway in 2023 despite a challenging fundraising environment. (Venture Capital Journal)
Secondaries investors buying into Chinese private equity funds could enjoy some of the market’s best vintages, according to a senior executive at Neuberger Berman. (Private Equity International)
Cabot Properties is benefiting from investor appetite for logistics assets, closing its Value Fund VII above target on $1.57 billion. (Private Equity Real Estate)
Overbay Capital Partners, a Canadian secondaries firm focusing on LP fund portfolios, has added an experienced industry professional with both buyside and advisory-side experience to its senior ranks. (Secondaries Investor)
Tim Eberle, managing director of Citco Fund Services (USA), outlines the firm’s recommended steps to reduce heightened clawback risk. (Private Funds CFO)
