Co-managing partners tell Buyouts the firm sent back nearly $6bn to investors across its five funds, with 22 exits year-to-date
The system could also expand its growth equity exposure, which is below its target allocation.
After years of buying and selling secondaries as an allocator, Yangge Seaman believes that while institutional investors often have the appetite and capital to pursue deals, they aren’t able to follow through. Her new firm, Gordian Investment Group, aims to bridge that gap.
Endowments and foundations using outsourced investment offices increasingly view GP-led secondaries as a way to deploy capital more quickly into private markets, prioritizing performance opportunities over liquidity concerns.
The firm has recently returned billions of dollars to its investors, while announcing a string of high-profile exits this year.
Clarity and alignment on exits, value creation and succession planning are now essential components of the fundraising formula, an LP tells PEI’s Commitment Issues podcast.
The pension fund plans to increase its private credit allocation at the expense of its overweight private equity assets.
The pension is targeting a private equity commitment range of $400m to $1.05bn in FY-2027, along with an additional $200m for co-investments.
For the energy private equity firm, which has a direct investment model, traction on the fundraising trail may owe to performance.
The changes come as Blue Sea, formed by Richard Wandoff and James R Davis Jr, targets $550m for its fourth fund, Buyouts previously reported.