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Will OMERS and BCI Drown Along With Thames Water?

Pension Pulse

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.

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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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A Discussion With CDPQ's Marc-André Blanchard on Sustainability, COP28 and More

Pension Pulse

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.

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The Blackstone Bombshell That Just Shook PE Industry

Pension Pulse

No pension fund wants to invest in private companies that abuse immigrant children. I used to invest in top global hedge funds back in the day and I trusted nobody. According to a News survey from 2017, just 14 percent of faculty viewed the construction of the Schwarzman Center at Yale favorably.

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How CDPQ Used the Secondaries Market to Address Overallocation

Pension Pulse

Moving into 2023, he set a goal of reducing the pension’s PE allocation to 18 percent within three years, primarily by selling companies and exiting fund stakes via the secondaries market. These professionals had been trained to spot top private companies and PE funds, rather than to sell their investments.

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CDPQ Posts 7.2% Return in 2023

Pension Pulse

CDPQ's own public equities portfolio saw its performance "driven by growth stocks, as well as by large positions in Quebec companies, which performed well." The private equity portfolio was affected by interest rate hikes as well as by an increase in financing costs, which affected certain private companies.

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CDPQ's Head of PE on Vintage Year Diversification and Managing Liquidity

Pension Pulse

Moving into 2023, he set a goal of reducing the pension’s PE allocation to 18 percent within three years, primarily by selling companies and exiting fund stakes via the secondaries market. These professionals had been trained to spot top private companies and PE funds, rather than to sell their investments.