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OTPP Unloads Premier Lotteries Ireland to French Operator

Pension Pulse

PLI said that the sale will see the “vast expertise” of the French operator brought to bear on the Irish operation, while nothing will change in terms of how the lottery itself raises funding, given the lottery itself will remain in Irish State ownership. A deal to sell PLI had been well flagged since the beginning of the year.

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Florida SBA to Offload $4 Billion in Opportunistic Credit Funds

Pension Pulse

Silas Brown and Kat Hidalgo of Bloomberg report Florida pension to offload up to $4 billion of private credit: The Florida State Board of Administration is looking to sell a bundle of private credit stakes worth as much as $4 billion in what would be one of the largest deals of its kind, according to people with knowledge of the matter.

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UK to Create 'Canadian-Style' Pension Model?

Pension Pulse

Former Conservative chancellor Jeremy Hunt also wanted to build a Canadian-style pensions model in Britain, but progress had been slow. Reeves has announced a review, overseen by the new pensions minister Emma Reynolds, to look into how to achieve scheme consolidation and put pension funds to use in promoting UK growth.

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CDPQ Takes Minority Stake in AES Ohio with US$546M Investment

Pension Pulse

utility firm AES Corp said on Tuesday it would sell a 30% indirect equity interest in its Ohio subsidiary to Canada's second-largest pension fund CDPQ for $546 million, which will be used to support infrastructure investments. As of September 30, 2014, AES has already funded US$156 million of the equity commitment.

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Solid Compensation at the Maple Nine Despite Lower Returns

Pension Pulse

The modest changes at most of the biggest pension funds are a result of compensation philosophies that emphasize long-term performance of the funds, which is typically measured over five-year horizons. Some pension fund CEOs faced small cuts to their paycheques last year. million in 2022. million from $5.6-million

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A Conversation With John Graham on CPP Investments Fiscal 2023 Results

Pension Pulse

In private credit, tightening credit conditions resulting from a handful of bank failures and rescues in the United States have opened up opportunities for non-bank players like pension funds, he said. So we kind of had headwinds and tailwinds in the portfolio, which is the point of diversification,” Graham said. per cent return.

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Transcript: Ken Kencel

The Big Picture

So the theory was that’s great that you’re providing a loan, but if you can co-invest with them and get the upside of partnering with some of the most successful private equity funds in the United States, you know, a great way to enhance your returns. RITHOLTZ: We call that legal insider trading. And I said three things.