
Newsmakers
CalPERS Considering Selling Up to $6 Billion in Private Equity Stakes
The report comes after the fund said it would increase its allocation to the asset class.
Shane Feeney will oversee the secondaries program at the Toronto-based private markets investment firm.
GP-led secondaries had a record-breaking 2018, but new guidelines from ILPA show that investors want more information and more time to consider the deals.
Only $4 billion raised in Q2, with record $19 billion raised in Q1 likely eating into demand.
Six funds raised $13.6 billion in investor capital, according to Preqin.