The buyer and the price are not clear. PSP declined to comment. Cogent Partners ran the sale, and did not return a request for comment.
The portfolio included holdings in large buyout funds, including Apax Partners, according to one source.
PSP held another sale of private equity holdings focused on the mega-buyout segment in 2010, generating proceeds of more than $800 million, according to the institution’s fiscal year 2011 annual report.
The secondary market has heated up since its slow start this year and several buyers have told peHUB they expect the last weeks of the year to be extremely busy.
Chris Witkowsky is editor of peHUB