Hold on to your hats and brace yourself. Yale, one of the world’s largest endowments, is planning to rebalance its private markets portfolio. The strength of this Yale force move is expected to be significant, with the endowment expected to sell around USD6 billion, or 15% of its total value, on the secondary market.
In a strategic move reflecting evolving market dynamics, the Pennsylvania Public School Employees’ Retirement System (PSERS) has judiciously pruned its private equity holdings, offloading even top-tier funds in the secondaries market to recalibrate its portfolio. This proactive rebalancing, far from signaling a retreat, underscores a sophisticated commitment to long-term allocation targets, as PSERS places forward-looking emphasis on the burgeoning opportunities within private credit and infrastructure.
A recent survey by GP-Score revealed that LPs overwhelmingly regard operational value creation as a critical factor in manager selection. The message is clear: they want granular evidence not marketing fluff. One of the keys to securing sustainable value creation is having a clear talent strategy in place…doing so can place GPs in a (human) league of their own as they seek out extraordinary returns for their investors.
iCapital Surges to $7.5B Valuation with $820M Raise, Fueling the Future of Alternative Investing
Chocs away! It’s an old expression and one that signals the start of a new journey, which is what Blackstone will be hoping for as they bid to buy the CityQuartier Trocadéro building in Paris. Over a century old and set in a prime location in the city’s 16th arrondissement near the Arc de Triomphe, the trophy asset comes with a price tag of EUR800 million.