Key Takeaways
- • The Orange County Employees Retirement System (OCERS) has selected four advisers for its secondary sales program: Raymond James, Evercore, Jefferies and Campbell Lutyens, according to PEI Private Equity.
- • The appointments cover the pension fund's secondary sales route, a mechanism for divesting existing private equity fund interests on the secondary market.
- • The mandate reflects continued institutional use of secondaries to manage private markets exposure and liquidity, as reported on 6 June 2024.
Summary
Orange County's pension fund has appointed four secondaries advisers to support its secondary sales route, according to a report published by PEI Private Equity on 6 June 2024. The firms selected are Raymond James, Evercore, Jefferies and Campbell Lutyens.
The mandate places the four advisers in position to handle the sale of the pension's private market fund interests through the secondary market. Secondary sales allow limited partners to exit or rebalance private equity commitments before fund terminations, and have grown as a tool for institutional investors seeking liquidity and portfolio management flexibility.
The source article is brief and does not disclose fee terms, target sale volumes, or the specific portfolios to be marketed. Readers seeking details on the scale of the pension's secondary programme or the allocation of mandates among the four firms should consult the original PEI Private Equity report.
The mandate places the four advisers in position to handle the sale of the pension's private market fund interests through the secondary market. Secondary sales allow limited partners to exit or rebalance private equity commitments before fund terminations, and have grown as a tool for institutional investors seeking liquidity and portfolio management flexibility.
The source article is brief and does not disclose fee terms, target sale volumes, or the specific portfolios to be marketed. Readers seeking details on the scale of the pension's secondary programme or the allocation of mandates among the four firms should consult the original PEI Private Equity report.
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