Fundraising for private equity secondaries rose by more than one-third year-on-year, with Lexington's $2.7bn raise accounting for the lion's share of capital.
The pension's secondaries portfolio has been outperformed by buyouts, distressed and growth equity over the past year but continues to beat its public market benchmark.
The firm's 1999- and 2004-vintage funds are its best-performing, according to documents seen by Secondaries Investor.
Expectations of capital distributions are up, with high pricing and dry powder dampening deployment, according to a report by Rede Partners.
Average high bids for special situations and timber funds increased by 11.03% and 32.44% respectively over the period.
Stakes in Clayton, Dubilier & Rice's 2008-vintage fund traded at a 15% premium to NAV, according to data compiled by Palico.
Fundraising by Europe-headquartered managers rose by almost one quarter in this year's exclusive ranking of the top 30 secondaries firms.
The Paris-headquartered firm has raised more than double its closest rival in our exclusive list of the world's biggest secondaries managers.
The 25-question consultation “paves the way” for a rewrite of the rule that restricts banks’ investment into private equity funds.
The Pennsylvanian pension scheme wants to clarify the impact of manager fees on returns and increase the transparency of fee reporting.