The process, known as a tender offer, is among several options GPs have to deliver liquidity back to LPs at a time when distributions and fundraising are slowing.
Amid rising uncertainty, institutional investors are moving towards defensive sectors like industrial, according to James Jacobs, head of real estate for Lazard’s private capital advisory group.
The market rout is exposing the vulnerability of the US public pension system. Inflation and the tight labor market will force the worst-hit states into some hard decisions.
The fund will see its deputy cio retire at the end of the year after more than 27 years of service and add a cio from a nearby fund to its investment team.
The state treasurer’s office will consider adding two private debt strategies to its trust portfolio after approving new targets to private credit last year.