This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
in a deal that could exceed $10bn, including debt. Sources familiar with the matter indicate that Brookfield has advanced past rival infrastructure funds and strategic buyers following the submission of final offers last week. The company is currently owned by private equity giant KKR & Co.,
The transaction, which includes debt, is expected to be announced in the coming days. Blackstone acquired HealthEdge in 2020 for $700m at the height of pandemic-driven investment in healthcare. Source: Financial Times If you think we missed any important news, please do not hesitate to contact us at news@pe-insights.com.
The New York State Teachers Retirement System (NYSTRS) committed $400m (£315.55m) to private debtfunds between October and December last year. The pensionfund allocated $300m to the OIC Credit Opportunities IV fund, while the remaining $100m was committed to the Peninsula VIII, according to publicly available documents.
Neiman filed for bankruptcy protection in 2020 after the pandemic forced the closing of Neiman and other stores across the United States, crushing the company’s revenues. Read more BlackRock Unveils Climate Policies for $150bn in Funds BlackRock Inc. read more Blackstone’s Zawadzki Sees Private Credit as $25tn Market The $1.7
Triton Debt Opportunities (TDO), the opportunistic credit arm of European investment firm Triton, has held the final close of its third fund (TDO III) in excess of its original €1bn fundraising target, and 40% larger than its predecessor fund, which closed at €744m in October 2020.
But the deal is also a gamble, considering investors have worried about BCE’s ability to afford its dividend and pay down debt. The integration matters because investors tend to judge the riskiness of a company’s debt load by comparing it to annual cash flows: “This is a great trade, in sports terms,” Mr. Bibic said.
Kevin Carmichael of The Logic reports Freeland eyes power of pensionfunds to lift Canadian economy: We’ve been conditioned to dismiss federal budgets and fiscal updates as political documents. The Government of Canada shouldn't be hinting at how or where Canada's large pensionfunds invest. Let's keep it that way.
As the $1.7tn private credit industry faces its most significant fundraising slump since 2020, private lenders including Adams Street Partners, Antares Holdings and Hayfin Capital Management are increasingly turning their attention to Latin America, according to a report by Bloomberg.
Australia’s largest pensionfund AustralianSuper has written off over AUD1.1bn in equity and loans linked to US-based online education start-up Pluralsight, marking the fund’s largest single loss in its venture capital investments to date, according to a report by the Australian Financial Review.
CDPQ has a Policy on Fraud and Corruption Prevention and Detection which you can view here and it was last updated in October 2020. And to be honest, I wouldn't be surprised if similar bribing schemes are also occurring at other CDPQ subsidiaries in India and at those of other large Canadian pensionfunds.
In addition, the firm held a final close for its Secondary Overflow Fund V LP with an additional $3.4 Limited partners in the new funds span the globe and consist of corporations, pensionfunds, endowments, foundations, sovereign wealth funds, and private wealth investors. billion of capital.
Unlike peers such as Apollo Global, EQT has avoided aggressive moves into credit investments, having exited its debt platform in 2020. Pensionfunds, sovereign wealth funds, and other institutions remain under-invested in private capital,” he added. Some firms will adapt, while others may exit the market.”
Since 2020, by some estimates, median home prices are up around 30% which is just incredible growth in such a short amount of time for something like housing. They're going to have trouble refinancing their debt when it eventually comes due. 2020 hit the pandemic, they were one of the worst performing asset classes.
The corporate share class was created to broaden the appeal to larger investors, such as pensionfunds, which may not have been allowed to own partnerships. Its operating capacity has expanded 2x since 2020, with development capacity up 9x. The partnership was the first one created, and it appealed mostly to small investors.
Carlyle and JP Morgan's evergreen private credit funds are among five to receive commitments from the $2.3bn-managing Cincinnati state pensionfund, according to Pensions & Investments. The post Evergreen private credit scores big from Cincinnati Retirement System first appeared on AltAssets Private Equity News.
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.
According to Preqin data, global Private Debt AUM has grown from just $310 billion in 2010 to an estimated $1.5 The 2020 Covid recession was deep and certainly a stress test the asset class unquestionably passed, but it was also short-lived. Global private debt AUM is estimated at about $1.5
Over the last decade, the real estate arm of Quebec’s $300 billion pensionfund tore through U.S. Now, nearly $5 billion worth of debt on those properties is set to mature over a 12-month span starting next year. billion Stuy Town debt matures five months later. The Caisse pensionfund reported a -6.2
With respect to public equities, CDPQ noted that since 2020, a "few large public U.S. Regarding the pensionfund's bond assets, CDPQ said the fixed income market was characterized by higher yields and the narrowing of corporate credit spreads. For the five-year and 10-year periods, equities returned a net 10.9% and down 0.2%
This occurs when the value of bonds and shares of publicly listed firms decline, as they did recently, bringing down the total assets of a pensionfund. Canadian pensionfunds are among the largest private equity investors in the world. Denominator effect The first is what’s known as the “denominator effect.”
Montreal-based Public Sector Pension (PSP) Investment Board and the Ontario Teachers' Pension Plan (OTPP) are looking to appoint a financial advisor in the coming weeks, the sources said, adding the sale could take several months to complete. Cypress Creek will subsequently supply O&M services.
for many years in the hope of acquiring it one day, but the Audet family, which controls both entities, rebuffed its overtures — including a hostile bid in 2020. We’re tracking six months ahead on our deleveraging priorities and we’re committed to reducing our debt leverage ratio even further.” Rogers held large stakes in Cogeco Inc.
Three years ago, Benefits Canada published a nice article on how the TTC PensionFund Society is staying on track during the coronavirus crisis: Since last March, the coronavirus pandemic has derailed the best-laid plans of many organizations, including the Toronto Transit Commission. That also helped.” It’s a several-year program.
This suggests that the long-term prospects of pensioners are at risk, taking into consideration the ageing population coupled with increasing life expectancies and falling fertility rates. Meanwhile, government debt in Europe is at a high level, up to 88.7% A country with a high GDP-debt ratio is seen as risky. in 2023 to 68.4
I owe it to our teams, to the Caisse, to Quebecers… “When Michael Sabia appointed me in October 2019 and Charles Emond confirmed me in my role in January 2020, they gave me the mandate to transform Ivanhoé Cambridge, that’s what we did,” explains the outgoing CEO. return for one year, above its index (-10%).
Gillian Tan, Swetha Gopinath and Layan Odeh of Bloomberg report OMERS to stop making direct private equity investments in Europe: The Ontario Municipal Employees Retirement System will stop making direct private equity investments in Europe as the pensionfund overhauls its operations there, according to people familiar with the matter.
Plus we had such a large run-up in prices in 2020 and 2021 that it was good for knocking down the speculation that was running rampant. Businessweek ) • A Winning Bet for PensionFunds Goes Cold : After years of outperforming public markets, some alternative assets are reporting losses. (
Ministers and regulators are said to be concerned that Britain ’s biggest water supplier, which has 15 million customers in the capital and along the Thames Valley , may be unable to service its huge debt pile. Bentley was appointed in 2020 to revitalise the water supplier, which has 15 million customers in London and the south-east.
She joined Calpers early last year after a long search to replace Ben Meng, who abruptly departed in August 2020. The Ontario fund’s strategy was innovative at the time, and paved the way for what is now known as the Canadian pension model. Musicco, 49, will leave her position at Calpers Sept.
If you look at the story of private equity at CDPQ, it was all about deployment up until 2020,” Longchamps says. The success of this monetization plan should be part of the Harvard Business Review case study so other large pensionfunds and sovereign wealth funds can mimic it. I can't say I'm surprised.
This integration allows us to be an even more effective lender and more comprehensively serve our insurance, pensionfund and private wealth clients.” Since Mr. Dellaert joined the firm in 2020, Blackstone has nearly tripled the assets it manages for insurance clients.
per cent, with the help of recovering bond markets as interest rates rose and additional contributions from corporate credit and emerging country sovereign debt. In the short term, the portfolio was constrained by higher financing costs, which influenced the performance of certain private companies,” the pensionfund said.
If you look at the story of private equity at CDPQ, it was all about deployment up until 2020,” Longchamps tells Private Equity International. Private equity is the asset class that takes the most risk at a pensionfund. The worst thing that can happen at a pensionfund is to miss a vintage.”
In recent years, globalization has waned, and geopolitical tensions and risk have risen: The United Kingdom withdrew from the European Union in 2020. In addition, some important public debt market investment opportunities in Canada have been getting smaller. The US withdrew from the TransPacific Partnership in 2017.
Swetha Gopinath of Bloomberg reports Ontario Teachers' Pension Plan to co-own financial advisor Max Matthiessen: Ontario Teachers’ Pension Plan (OTPP) agreed to acquire a co-control stake in Stockholm-based financial advisor Max Matthiessen from private equity firm Nordic Capital Ltd. Financial terms were not disclosed.
Paulina Pielichata of Pensions & Investments reports CDPQ works to pump $11.2 billion into European private markets: Canadian pensionfund Caisse de depot et placement du Quebec has recently moved into its new London headquarters as it is working to deploy C$15 billion ($11.2 billion) in private markets across Europe.
We expect our acquisition of Kreos Capital to close in the third quarter of this year, adding venture debt capabilities and further bolstering BlackRock's global credit franchise. In May, we capitalized on the improved conditions for debt issuance, issuing 1.25 billion of 10-year debt at a coupon of 4.75%.
CDPQ's investment forms part of its Sustainable Land Management initiative, launched in 2020, which aims to deploy capital in land-focused assets with long-term environmental impact and ESG standards. We are active in the major financial markets, private equity, infrastructure, real estate and private debt.
Originally acquired in February 2020, the portfolio has since been expanded through acquisition of two assets for development in Mer (south of Orléans) and Roye (midway between Paris and Lille), plus a new asset in Fos-sur-mer (near Marseille).
As a global investment group managing funds for public pension and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. We’re facing tremendous challenges.
Operational Highlights Corporate developments Ranked first among the world’s leading public pensionfunds by Global SWF when measuring annualized returns between fiscal years 2013 and 2022 (Global SWF Data Platform, December 2023). and funds affiliated with Rialto Capital and acquired a 20% equity stake for US$1.2
The Healthcare of Ontario Pension Plan (HOOPP) started allocating to insurance-linked securities (ILS), largely via insurance-linked funds, as well as some direct investments into other reinsurance-related securities, in late 2019. 2022 saw further growth in the ILS allocation at a time when HOOPP’s overall net assets shrank somewhat.
Despite long-standing pressure to shorten the 13F filing deadline, the SEC surprised the market in 2020 by proposing a change that would have removed thousands of investors from needing to reveal their holdings. They include funds run by legendary investors like Warren Buffet, Seth Klarman, Ron Baron and Ken Fisher.
billion valuation, inclusive of debt. NYSE: ALE) and a partnership led by Canada Pension Plan Investment Board (“CPP Investments”) and Global Infrastructure Partners (“GIP”), (the “partnership”), today jointly announced that they have entered into a definitive agreement under which the partnership will acquire ALLETE for $67.00
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content