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Secondary market activity surges as US investors discount PE stakes

Private Equity Wire

US institutional investors are offloading their private equity holdings at slashed prices, reflecting a broader trend of reducing exposure to the illiquid asset class, with pension funds and endowments leading the charge, according to a report by the Financial Times. The trend continued with 95% in 2022 and 73% in 2021.

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CDPQ's 2023 Sustainable Investing Report

Pension Pulse

Environment CDPQ is well on track to achieve the targets underpinning the climate strategy it adopted in 2021, including its goal of reaching a net-zero portfolio by 2050 with: $53 billion in low-carbon assets, including $15 billion in Québec, representing an overall increase of $35 billion in low-carbon assets since 2017.

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Will Ontario's Large Pensions Invest Alongside the New Ontario Infrastructure Bank?

Pension Pulse

Since it was established in 2017 with an initial funding of $35 billion, the bank has faced criticism for transaction shortcomings and has only been able to deploy a cumulative total of $9.7 Mr. Bethlenfalvy told CBC Radio last week that he had consulted widely, including with workers, who purportedly welcome the OIB.

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OMERS Writing Off Stake in Troubled British Utility Thames Water

Pension Pulse

Consequently, no shareholders provided further funding to Thames Water and the value of OMERS Thames Water investment has now been written off,” said James Thompson, a spokesperson for OMERS Infrastructure, in an e-mailed statement Friday. Another major Canadian pension fund, British Columbia Investment Management Corp.

Stakes 59
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APG and Ivanhoé Cambridge Back Scape's $658M Student Housing JV in Australia

Pension Pulse

Big pension funds invest in big student housing programs because they're recession-proof businesses that add defensive cashflows to their portfolio. That's obviously important, but there's a defensive component to purpose-built student accommodation that pension funds very attractive. What about Canada?

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CDPQ Acquires Rogers' Cogeco Stake for $829M

Pension Pulse

Cogeco will repurchase some and, in the end, the Quebec pension fund will wind up with a 16.1 In 2017, CDPQ also contributed USD 315 million toward the transaction to acquire MetroCast cable systems in the United States. For more information, visit cdpq.com , consult our LinkedIn or Instagram pages, or follow us on X.

Stakes 59
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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. For more information, visit cdpq.com , consult our LinkedIn or Instagram pages, or follow us on X.