Coller, Glendower et al. shortlisted for CPABF secondaries mandate

The pension fund is looking to commit to two funds, allocating $25m to each, following a recommendation from its investment consultant NEPC.

CPABF launched a request for proposals in October 2019, receiving 21 responses from interested candidates.

Among the finalists are Adams Street Partners Global Strategy 7, Auldbrass Secondaries Opportunity Fund III, Coller International Partners VIII, Glendower Secondary Opportunity Fund V, and Harbourvest Dover Street X.

The pension fund has previously committed to Dorchester Secondaries, as part of its opportunistic credit portfolio. The LP had invested 4.55% of its portfolio to opportunistic credit, 3.74% to private debt, and 0.73% to private equity versus a target allocation of 5% for the latter, as of December 2018.

Its 2018 annual report reveals that the LP sold the majority of its private equity holdings (which formerly accounted for more than 4% of the scheme) on the secondary market in a transaction that closed in December 2017.

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• Topics
• LPs
• Secondaries
• Secondaries
• Coller Capital
• HarbourVest
• Adams Street Partners