Key Takeaways
- • University of California Chief Investment Officer Jagdeep Singh Bachher characterizes the growing private equity secondaries activity among endowments as a "systemic problem," according to Pensions & Investments.
- • The comments are part of a broader study of how endowments are using private equity secondary transactions, a topic of rising interest among institutional allocators.
- • The primary source provides limited detail on the specific figures, deal volumes, or pricing dynamics underlying Bachher's concerns.
Summary
University of California Chief Investment Officer Jagdeep Singh Bachher has described the use of private equity secondaries by endowments as a "systemic problem," according to a May 14, 2025 report from Pensions & Investments. The remarks were made as endowments are studying the secondary market for private equity interests, a segment that allows limited partners to sell existing fund stakes before the end of a fund's life.
The article, written by Caryl Anne Francia, frames Bachher's comments within the wider institutional examination of secondaries as an liquidity tool for endowments and foundations. The primary source does not provide detailed transaction volumes, pricing data, or specific recommendations from the study, and readers seeking those specifics should consult the full Pensions & Investments report.
The story appears under the Endowments & Foundations section of the publication, indicating its relevance to allocators managing institutional endowment portfolios.
The article, written by Caryl Anne Francia, frames Bachher's comments within the wider institutional examination of secondaries as an liquidity tool for endowments and foundations. The primary source does not provide detailed transaction volumes, pricing data, or specific recommendations from the study, and readers seeking those specifics should consult the full Pensions & Investments report.
The story appears under the Endowments & Foundations section of the publication, indicating its relevance to allocators managing institutional endowment portfolios.
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