Remove 2008 Remove Due Diligence Remove Pension Funds
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The Private Debt and Commercial Real Estate Crash Nobody Sees?

Pension Pulse

The 77-year-old billionaire told the Financial Times that big asset managers had competed aggressively to lend to the largest private equity groups as money poured into their coffers in 2020 and 2021, raising questions over the due diligence the funds conducted when they agreed to provide multibillion-dollar loans.

Debt 52
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Transcript: Michael Fisch

The Big Picture

And we did talk to a lot of people, but we were grateful to have a college endowment, a a publicly traded insurance company, a publicly traded company, corporations pension fund, and some wealthy individuals join our first fund, which was a mighty $71.4 And so there were certainly, there weren’t that many.

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The Blackstone Bombshell That Just Shook PE Industry

Pension Pulse

Blackstone told us "extensive pre-investment due diligence showed PSSI had industry-leading hiring compliance." But it seems, that diligence failed to find what was obvious to investigators watching a shift change in a parking lot. No pension fund wants to invest in private companies that abuse immigrant children.

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Regulators Demanding More Disclosure From Private Equity and Hedge Funds

Pension Pulse

Advocacy groups have accused the private fund industry of unfair, conflicted and opaque practices that hurt everyday Americans who invest in such funds through their pensions. It's not as if some state pension fund benefits from opacity," SEC Chair Gary Gensler told reporters after the panel's vote.

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OMERS Names New Head of Infrastructure, Exits European Venture Capital

Pension Pulse

Mr. Hill will join OMERS in September, the public pension fund announced Wednesday, and report to Ralph Berg, who took over as the chief investment officer in April. The fact that other large Canadian pension funds keep poaching talent away from CPP Investments tells you how much talent there is there.

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Transcript: Sean Dobson, Amherst Holdings

The Big Picture

There were financial experiments where the borrower hadn’t been through due diligence. My family and I moved to McLean, Virginia in, in 2008. So we, we do business with most of the sovereign wealth funds, most of the big US national insurers, global insurers, the largest pension funds.

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Transcript: Robert Koenigsberger

The Big Picture

Go back right after 2008, every bank made markets. My boss, this gentleman I mentioned had been the Finance Minister of Peru was like, I need you to go down to Peru and take a look at the bank, do due diligence, right, 25 years old. Every bank had balance sheet. So you have inelastic supply when people want to buy.