Pensions and sovereign wealth funds represented 50% of the LP-led secondary market volume in H1.
The LP interests were reportedly priced at a discount of more than 10% and included software and other tech-focused buyout funds.
Singapore's SWF is reportedly marketing PE fund interests managed by firms including EQT, TPG Asia and KKR, with PJT Partners advising.
The sovereign wealth fund has reportedly tapped Evercore to assist in trimming its maturing portfolio.
The pension has acquired interests in two component funds within IDR Core Property Trust, an open-ended commingled real estate vehicle.
The pension committed to selling its full interests in several EnCap-managed funds to reduce commodity exposure and diversify away from energy.
The secondary sales of China-focused PE fund interests were reportedly put on hold after buyer valuations failed to meet expectations.
The massive sale delivered C$4 billion in net proceeds and comes on the heels of the pension unloading its remaining European NPL portfolio.
The portfolio sale to a JV between Arrow Global and Fortress Investment Group is expected to generate roughly C$1 billion in net proceeds to the pension.
The process, comprising mostly of China-focused interests, is linked to several managers, including HSG, Warburg Pincus, and Boyu Capital Investment Management.
