University of California shops $3bn LP portfolio in major sale
The system's process marks the latest instance it has sought liquidity in the secondaries market.
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**STEELMAN:** The University of California’s decision to sell a $3 billion LP portfolio in the secondaries market is a pragmatic financial move, aligning with broader trends among institutional investors. By monetizing illiquid assets, the university can reallocate capital, potentially to higher-yield opportunities or to address liquidity needs. The secondaries market has matured into a viable tool for such transactions, offering efficiency and flexibility. This narrative frames the sale as a ro...
