Private Equity Insights

JANUARY 12, 2024

A DigitalBridge-managed vehicle acquired Vantage in 2017. “We billion investment from pension fund Australian Super. It hired the management team that is still in place today and grew the company to become a leading data centre provider within the Silicon Valley region. In September last year, Vantage also announced a €1.5

Private Equity Firms 130

Private Equity Firms Private Equity Firms Pension Funds Capital 130

Private Equity Wire

MARCH 28, 2024

Private credit manager Pemberton Asset Management (Pemberton) has held the final close of its Strategic Credit Fund III at €2.3bn, bringing total AuM across the three vintages of the strategy to €4.9bn.

Pension Funds 92

Pension Funds Funds Asset Management Financial Services 92

Private Equity Wire

JUNE 25, 2024

HarbourVest has previously invested in, and managed capital for Swiss pension funds, insurance companies, wealth advisors, private banks and family offices. Jennings joined in 2017 and helped launch the firm’s private equity open-ended evergreen fund for non-US institutional and high-net-worth investors.

Pension Funds 75

Pension Funds Asset Management Assets Banks 75

Private Equity Insights

DECEMBER 13, 2023

Fund III will continue Ara’s strategy of investing in the decarbonization of the industrial economy, the greatest source of carbon emissions globally. . ” Mr. Cherington and Mr. Thacker founded Ara in 2017.

Funds 130

Funds Bidding Private Equity Firms Private Equity Firms 130

Pension Pulse

SEPTEMBER 3, 2024

Over the last decade, the real estate arm of Quebec’s $300 billion pension fund tore through U.S. During that decade, the investor also scooped up Goldman Sachs’ former headquarters at 85 Broad Street in the Financial District, which the company bought for $650 million in 2017. The Caisse pension fund reported a -6.2

Pension Funds 59

Pension Funds Liabilities Stakes Debt 59

Pension Pulse

MAY 15, 2024

Scott Chan, deputy CIO of the California State Teachers’ Retirement System, will take over on July 1 as CIO of the world’s largest educators’ pension fund. billion since 2017. billion in costs since 2017. billion since 2017, the pension system said in announcing Chan’s appointment. “I

Pension Funds 59

Pension Funds Education Hedge Funds Assets 59

Pension Pulse

JANUARY 8, 2024

Josephine Cumbo of the Financial Times reports pension fund slashes value of its Thames Water stake by almost two-thirds: One of the biggest investors in Thames Water has slashed the value of its stake by nearly two-thirds, intensifying doubts over the financial health of the UK’s largest water distributor.

Pension Funds 59

Pension Funds Stakes Shareholders Debt 59

Pension Pulse

APRIL 10, 2024

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.

Pension Funds 59

Pension Funds Investing Best Practices Assets 59

Pension Pulse

AUGUST 1, 2024

Arleen Jacobius of Pensions & investments also reports CalSTRS beats its benchmark with 8.4% billion, West Sacramento-based pension fund reported. and the pension fund's 7% assumed rate of return. CalSTRS funded status was 75.9% CalSTRS is ahead of schedule in reaching full funding by 2046.

Pension Funds 59

Pension Funds Education Assets Liabilities 59

Pension Pulse

MAY 21, 2024

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

Stakes Pension Funds Debt Assets 59

Pension Pulse

APRIL 24, 2024

Jenny Wiggins of the Australian Financial Review also reports Plenary Group sells 49% stake to sovereign wealth fund ADQ in $1b deal: Founders and some executives of infrastructure investor Plenary Group will receive a cash windfall after the Australian group sold a 49 per cent stake to Abu Dhabi sovereign wealth fund ADQ in a $1 billion deal.

Stakes 59

Stakes Pension Funds Bidding Shareholders 59

Pension Pulse

JULY 4, 2023

The company is still in talks with its shareholders about raising as much as £1 billion in fresh funds following a £500 million injection agreed last year. Its largest shareholder is Canadian pension fund Ontario Municipal Employees Retirement System (Omers), which holds a nearly 32 per cent stake. billion in Canadian funds.

Pension Funds 52

Pension Funds Debt Shareholders Stakes 52

Pension Pulse

NOVEMBER 14, 2023

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 billion as of March 31, 2023. Well, it didn't turn out that way. In plain English, profits first, ESG second.

Banks 59

Banks Pension Funds Investing Finance 59

Pension Pulse

AUGUST 28, 2023

Patrick DeRochie, senior manager of Shift Action for Pension Wealth and Planet Health , wrote an op-ed for the Globe and Mail, stating Canada is burning, so why is our national pension fund still heavily into fossil fuels?: Repeat after me: Keep your goddamn political views out of our national pension fund.

Pension Funds 59

Pension Funds Investing Stakes Funds 59

Pension Pulse

SEPTEMBER 13, 2023

A report by the Asia Pacific Foundation of Canada found that between 2003 and 2017, Canadian pension funds invested $25 billion in the region. The Ontario Teachers’ Pension Plan Board has had an on-the-ground presence on the continent for over a decade, and currently has offices in Singapore as well as Hong Kong and Mumbai.

Pension Funds 59

Pension Funds Investment Horizon Assets Asset Management 59

Pension Pulse

MARCH 25, 2024

The investment in Idealist marks the third by Canada Growth Fund, a $15-billion pool set up by Ottawa to help direct private-sector capital to Canadian technologies that help meet its commitments to reduce emissions. It is managed by PSP Investments, a public-sector pension-fund manager. a unit of Advantage Energy Ltd.

Capital 59

Capital Funds Pension Funds Venture Capital 59

Pension Pulse

AUGUST 1, 2023

Among the wealth of tables is a list of the best and worst-funded of the 58 local pension plans studied, and, yes, you guessed it, the bottom five spots are Chicago plans, with the bottom three at levels far below all others: Municipal employees, 21% funded, Chicago police, 21.8% funded, and Chicago fire, 18.8%

Pension Funds 52

Pension Funds Taxes Funds Hedge Funds 52

Pension Pulse

SEPTEMBER 18, 2024

As one of the few women CIOs working at a large Canadian pension fund, she wants to see more investment organizations consider the voices of women inside their organizational structures when updating internal policy. “I just worry about people being impatient and saying, ‘It’s not working, let’s change course.’

Assets 59

Assets Due Diligence Pension Funds Leveraging 59

Pension Pulse

DECEMBER 11, 2023

billion in costs since 2017 thanks to its collaborative model approach, which brings more assets in-house and encourages the use of different investment vehicles, including co-investment, joint ventures, SMAs, direct ownership and revenue share.

Returns 69

Returns Pension Funds Investing Leveraging 69

Pension Pulse

NOVEMBER 20, 2023

The US withdrew from the TransPacific Partnership in 2017. There's been a lot of discussion lately on why Maple 8 pension funds do not invest more in Canada, specifically in Canadian equities. Most of Canada's large pension funds including CPP Investments are rethinking their investments in China.

Pension Funds 59

Pension Funds Investing Leveraging Assets 59

Private Equity Wire

NOVEMBER 3, 2023

With patience, we succeeded in raising a very small fund, just enough to start with operations. We raised €53m, and then had the opportunity to raise a second fund in 2017 that touched €80m. SA: The first biggest challenge was fundraising for our first private equity fund – as I’ve said, we did that in adverse market conditions.

Pension Funds 98

Pension Funds Asset Management Banks Leveraging 98

Pension Pulse

NOVEMBER 29, 2023

In 2017, Hui acquired the Bulka, Yougawalla, and Margaret River stations and 45,000 head of cattle in Western Australia for approximately AUD $70 million or US $44.36 million, and the Argyle Cattle Co. for approximately AUD $120 million or US $76.04

Portfolios 59

Portfolios Pension Funds Assets Capital 59

Pension Pulse

APRIL 9, 2024

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?

Pension Funds 59

Pension Funds Education Leveraging Assets 59

Pension Pulse

APRIL 29, 2024

This has nothing to do with HOOPP's investment in Pine Gate or other investments Canadian pension funds do in wind and solar projects, just wanted to set the record straight on why the world needs more nuclear energy. Also, Michael Shellenberger's TED talk on why he changed his mind on nuclear energy.

Stakes 59

Stakes Pension Funds Finance Financing 59

Pension Pulse

DECEMBER 12, 2023

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. Caisse de Depot won’t hang on to all of the Cogeco shares it’s buying from Rogers.

Stakes 59

Stakes Leveraging Bidding Debt 59

Pension Pulse

SEPTEMBER 17, 2024

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. Reuters also reports AES Corp to sell interest in Ohio unit for $546 million: U.S.

Securities and Exchange Commission (SEC) 59

Securities and Exchange Commission (SEC) Stakes Investing Pension Funds 59

Pension Pulse

MAY 30, 2023

Remember, no large Canadian pension fund has gone through a 70s style prolonged global downturn with the public/ private portfolios they have, so it will be interesting to see how they navigate through a major global recession which lurks for a couple of years. Our ambition remains to be carbon-neutral by 2040.

Portfolios 52

Portfolios Pension Funds Asset Management Assets 52

Pension Pulse

DECEMBER 21, 2023

He shared this with me on this role: The leadership of CDPQ (on sustainability) has been there since 2017. I told him I track pension funds very closely and there's no doubt CDPQ is a global leader in sustainable/ responsible investing. A year later, he also took on responsibility of being CDPQ's Global Head of Sustainability.

Mergers and Acquisitions 59

Mergers and Acquisitions Assets Pension Funds Leveraging 59

Pension Pulse

MAY 8, 2023

No pension fund wants to invest in private companies that abuse immigrant children. According to a News survey from 2017, just 14 percent of faculty viewed the construction of the Schwarzman Center at Yale favorably. I hope that they have an opportunity to be kids, to go to school and not be tired.

Due Diligence 52

Due Diligence Pension Funds Education Funds 52

Tucker Advisors

SEPTEMBER 27, 2021

“Kimberley-Clark buys annuities to cover pension risks” Business Insurance; Feb. Molson Coors transfers $900 million in pension liabilities” Pensions & Investments; Dec. 4, 2017 [link]. DuPont to pump $30 million into pension plans in 2019” Pensions & Investments; Feb. 23, 2015 [link].

Companies 52

Companies Liabilities Legal Banks 52

Private Equity Insights

JUNE 18, 2024

The Fund and associated vehicles surpassed the €500m target, receiving strong support from new and existing global institutional investors and more than doubling the size of its predecessor, NorthWall European Opportunities Fund I (“NWEOF I”). 60% of its capital to 14 transactions across five countries in Western Europe.

Capital 130

Capital Pension Funds Legal Consulting 130

Private Equity Wire

JANUARY 29, 2024

The vehicle, which attracted support from astate and county pension funds, corporate pension funds, sovereign wealth funds, endowments, foundations and insurance companies, allows KSL to return capital to LPs.

Pension Funds 97

Pension Funds Companies Capital Funds 97

Pension Pulse

JANUARY 23, 2024

billion) of sustainable financing since 2017, about C$15 billion of which is sustainability-linked loans where the cost of the debt is tied to whether we have achieved targets such as reduced carbon intensity or amount of low carbon investments. We have taken out C$18 billion ($13 billion; €12.3

Investing 59

Investing Mergers and Acquisitions Assets Due Diligence 59

Pension Pulse

JULY 24, 2024

The success of this monetization plan should be part of the Harvard Business Review case study so other large pension funds and sovereign wealth funds can mimic it. As a reminder, Vantage Data Centers was founded in 2010 and acquired by Digital Bridge, PSP Investments and TIAA Investments in 2017.

Pension Funds 59

Pension Funds Buyout Stakes Finance 59

Pension Pulse

JULY 2, 2024

One of the biggest direct sales that CDPQ made last year was the partial divestiture of USI Insurance Services, a US-based insurance brokerage and consulting firm that the pension acquired in an equal partnership with KKR in 2017. The C$3 billion divestment of PE fund stakes, meanwhile, comprised a strip sale of C$1.7

Pension Funds 59

Pension Funds Buyout Stakes Assets 59

Pension Pulse

JULY 26, 2023

The Future of the Corporation programme was launched in 2017 and concluded its main phase of activity in 2021. Well, from a pension perspective, pension plan managers have a fiduciary responsibility to meet their future liabilities taking into account all risks, including the risk of climate change.

Asset Management 52

Asset Management Assets Capital Finance 52

Pension Pulse

FEBRUARY 22, 2024

Regarding the pension fund's bond assets, CDPQ said the fixed income market was characterized by higher yields and the narrowing of corporate credit spreads. In equity markets, Canada’s second-largest pension fund benefited from its high exposure to the technology sector with a 17.7 and down 0.2% in Canada," CDPQ added.

Returns 59

Returns Pension Funds Assets Debt 59