Rubicon Technology Partners Closes $1.7bn Fund IV, its Largest to Date
Private Equity Insights
NOVEMBER 6, 2023
This represents a 34% increase in size from its predecessor fund, Rubicon Technology Partners III, which closed in 2020.
2020 Leveraging Pension Funds 
Bain Capital’s Harrington Takeover: OHA and BMO Pave the Way with $1bn Financing
Private Equity Insights
OCTOBER 23, 2023
Financial terms of the private transaction with funds affiliated with Nautic Partners (together with certain of their affiliates, “Nautic”), which have owned Harrington since 2020, were not disclosed.
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How To Grow Your Retirement Business In The 2020 Economic Crisis (Webinar)
Indigo Marketing Agency
MAY 5, 2020
How To Grow Your Retirement Plan Business In The 2020 Economic Crisis. We’ve partnered with the experts at The Retirement Learning Center to update advisors on how the retirement plan landscape has been altered by the 2020 economic crisis. Pension funding has been at all-time highs.
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On IMCO's Focused Approach to Investing Outside Canada
Pension Pulse
NOVEMBER 20, 2023
In recent years, globalization has waned, and geopolitical tensions and risk have risen: The United Kingdom withdrew from the European Union in 2020. Real investment advantages include things like operational leverage (e.g., Real investment advantages include things like operational leverage (e.g.,
Blackstone Integrates Leading Credit and Insurance Businesses to Form Blackstone Credit and Insurance (BXCI) in Push Toward Next $1 Trillion
Blackstone News
SEPTEMBER 13, 2023
This integration allows us to be an even more effective lender and more comprehensively serve our insurance, pension fund and private wealth clients.” Since Mr. Dellaert joined the firm in 2020, Blackstone has nearly tripled the assets it manages for insurance clients.
BlackRock (BLK) Q2 2023 Earnings Call Transcript
The Motley Fool
JULY 14, 2023
Our platform strategy has delivered scale and operating leverage through time, with 240 basis points of margin expansion in the last 10 years. Markets have improved since the end of 2022, and we aim to be disciplined in driving profitable growth by prioritizing investments to propel our differentiated organic growth and operating leverage.
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Prudential Financial (PRU) Q2 2024 Earnings Call Transcript
The Motley Fool
AUGUST 2, 2024
This includes robust sales in pension risk and longevity risk transfer, as well as nearly doubling our individual annuity sales. Since the launch of our FlexGuard indexed variable annuity product suite in 2020, our sales have exceeded $21 billion. pension plans, and is the largest pension fund manager in Japan.
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IMCO's CEO Bert Clark Bids Farewell to 2023
Pension Pulse
DECEMBER 20, 2023
in July 2020. Larger investors like IMCO can leverage scale to reduce costs and improve returns, by negotiating better fees with key partners and investing directly alongside them. Research by CEM Benchmarking shows that costs can play as big a role in returns as active management, particularly for smaller funds. in 2022).
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CPP Investments' Andrew Edgell on Private Debt's Next Stress Test
Pension Pulse
JANUARY 10, 2024
The 2020 Covid recession was deep and certainly a stress test the asset class unquestionably passed, but it was also short-lived. That said, on the positive side, if you look across the US high yield and leveraged loan issuer market, we have had eight consecutive quarters of positive, albeit decelerating, revenue and earnings growth.
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Transcript: Elizabeth Burton, Goldman Sachs Asset Management
The Big Picture
SEPTEMBER 19, 2023
Previously she was Chief Investment Officer at various state pension funds, including Maryland and Hawaii. So you end up going from the fund of funds to pension funds. I had a a two brief jobs between the, the fund of funds in Maryland and business school in between there. Absolutely.
Are Alternative Investments the Key to Diversifying Your Portfolio?
Fortune Financial
AUGUST 7, 2023
It encompasses strategies such as venture capital, leveraged buyouts and investing directly in publicly-traded private equity firms. Leveraged Buyouts In contrast, there are leveraged buyouts (LBOs) that involve acquiring established companies with the aim of restructuring or improving their operations to enhance profitability.
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Are Alternative Investments the Key to Diversifying Your Portfolio?
Fortune Financial
AUGUST 7, 2023
It encompasses strategies such as venture capital, leveraged buyouts and investing directly in publicly-traded private equity firms. Leveraged Buyouts In contrast, there are leveraged buyouts (LBOs) that involve acquiring established companies with the aim of restructuring or improving their operations to enhance profitability.
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Transcript: Julian Salisbury, GS
The Big Picture
MAY 9, 2023
But in some ways, those events, and we saw it again in March of 2020, we saw it again around where you see these big moments where it draws people together. So what I mean by that is, first, understand the duration of your funding source. Pension funds have quite long-dated capital. So it was certainly stressful.
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CalPERS CIO on How Their 2030 Strategy Centers Around Private Markets
Pension Pulse
MAY 15, 2023
pic.twitter.com/z5sfKt04bC — Francois Trahan (@FrancoisTrahan) May 15, 2023 Lumber futures are at their lowest levels since May 2020, down 81% from the peak in May 2021. And the team is also spending more time leveraging its partner relationships to help operationalise the attraction of diverse talent.
Transcript: Edward Chancellor
The Big Picture
NOVEMBER 8, 2022
I mean, I didn’t want to blow my own trumpet up too much because most of the positions were in place, the quality funds, which more defensive and less leveraged, and low allocation to — a relatively low allocation to equities, and then the hedge funds sort of long/short positions that benefited in the financial crisis.
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Transcript: Mike Wilson, Morgan Stanley
The Big Picture
SEPTEMBER 10, 2024
We have institutional clients, we have retail clients, we have, you know, pension funds, we have endowments. 00:21:42 [Speaker Changed] Yeah, I mean, I think, well, what set us up was we, you know, we got the low right in 2020 for the right reasons. So we were very aggressive in 2020 and 2021. And we did. And they did.
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Transcript: Albert Wenger
The Big Picture
SEPTEMBER 19, 2022
is about broadening access to knowledge, capital and well-being by leveraging existing networks and protocols, and building trusted brands. RITHOLTZ: So to put that into a little context, 2020, 2021, very founder-friendly deals. There’s a whole bunch of infrastructure investments, infrastructures for building digital businesses.
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Transcript: David Snyderman, Magnetar Capital
The Big Picture
MARCH 5, 2024
The unrated piece yielded 2020 5% where the rated piece would yield three to 5%. You’ve talked about pensions are now facing illiquidity issues because private equity and venture capital have gates up a lot, a lot of long-term tie up. So it, it really has and, and pension funds, they’re on hold today.
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Transcript: Rick Rieder
The Big Picture
FEBRUARY 13, 2023
You know, people are comfortable, leverage builds. Which is run by many insurance companies, pension funds who use Aladdin, and it’s a commercial enterprise for the firm. Didn’t it start as a bond shop, catering to pension funds and foundations? You know, the leverage in the system builds.
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Ivanhoé Cambridge’s Real Estate Binge Heading Towards a Reckoning?
Pension Pulse
SEPTEMBER 3, 2024
Over the last decade, the real estate arm of Quebec’s $300 billion pension fund tore through U.S. Ivanhoé and its partner on the building, The Swig Company, refinanced the building in 2020 with a $450 million loan from Bank of China. The Caisse pension fund reported a -6.2 In New York, it paid $2.2 office platform.
World’s Top Pension Funds See the Largest Assets Decline in 20 Years
Pension Pulse
SEPTEMBER 11, 2023
Willis Towers Watson put out a press release stating the world’s top pension funds see the largest assets fall in 20 years: North America now accounts for nearly half of assets in world’s 300 largest pension funds ARLINGTON, Va., increase in the assets of the largest 300 pension funds in the previous year.
Will OMERS and BCI Drown Along With Thames Water?
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.
An Update on HOOPP's Infrastructure Journey
Pension Pulse
AUGUST 20, 2024
There was, though, a conspicuous absence of one member of Canada’s so-called Maple 8 pension fund group. billion investment in a 1.6GW portfolio of wind and solar assets in the US owned by NextEra Energy, the first from KKR’s Diversified Core Infrastructure Fund. “We The now C$112.6 billion ($81.7 billion; €74.8
A Discussion With CDPQ's Vincent Delisle on Their Mid-Year Results
Pension Pulse
AUGUST 14, 2024
Since the portfolio’s repositioning toward sectors of the future such as logistics and residential in 2020, the gap between the returns of the portfolio and the index has narrowed. We've had the 10-year yield trading below its 200-day moving average for the first time since 2020. It's basically the denominator effect.
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CDPQ's Head of Liquid Markets Discusses Mid-Year Results
Pension Pulse
AUGUST 17, 2023
“The renewable energy, telecommunications and transportation sectors, to which (the Caisse) has been exposed for many years, are significant vectors of performance,” the pension fund said. Over five years, the annualized return was 9.6 per cent, driven by the same sectors as in the first six months.” per cent. “In per cent return.
UPP CIO Aaron Bennett on Their 2023 Results and More
Pension Pulse
JUNE 12, 2024
Zvan said that while she was at Ontario Teachers, she oversaw the establishment of three different risk systems, and given the volume of data the fund held, the last one took six years. There are so many more tools that you can leverage today.” And finally, UPP was able to leverage technology as an enabler.
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OTPP Appoints Bruce Crane as Head of APAC
Pension Pulse
JULY 10, 2023
Crane was most recently a senior managing director, responsible for overseeing and managing infrastructure and natural resources investments for the pension fund in the Asia-Pacific region. According to the pension fund, it currently has more than 85 employees in the region. billion) fund said in a statement on Tuesday.
OTPP and Nordic Capital Acquire Swedish Financial Advisor Max Matthiessen
Pension Pulse
NOVEMBER 20, 2024
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. www.nordiccapital.com.
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Canadian LPs Selling PE Stakes in Higher-For-Longer Environment
Pension Pulse
NOVEMBER 15, 2023
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 pension fund. Canadian pension funds are among the largest private equity investors in the world. Denominator effect The first is what’s known as the “denominator effect.”
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Will BCI's Minority Stake in ZEDRA Prove Problematic?
Pension Pulse
MAY 25, 2023
As majority shareholder since 2020, we are proud of the work we have accomplished in supporting the rapid growth of the company and believe the successful closing of this strategic investment speaks to Corsair’s unique ability to operate and execute within highly regulated industries.”
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Top Funds' Activity in Q1 2023
Pension Pulse
MAY 19, 2023
Between 2020 and 2021, Icahn Enterprises reported $4.3 It's a nice short candidate here which is why I'm looking to short it using the AXS 1.25X NVDA Bear Daily ETF ( NVDS ) which has a little leverage too magnifying returns. billion in short losses. "I I obviously believed the market was in for great trouble," said Icahn. "[But]
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Cadillac Fairview/OTPP and Boreal Acquire Big Logistics Portfolio in Italian Debut
Pension Pulse
AUGUST 3, 2023
587,000 sq.ft) warehouse that was constructed in three phases – 2013, 2016 and 2020 – has strong ESG credentials, including LEED Gold certification , and benefits from a licence allowing the storage of hazardous goods. In order to do this, they need to leverage off their partnerships and enter into join ventures. 1,636,000 sq.ft.)
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CDPQ Posts 7.2% Return in 2023
Pension Pulse
FEBRUARY 22, 2024
With respect to public equities, CDPQ noted that since 2020, a "few large public U.S. 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. For the five-year and 10-year periods, equities returned a net 10.9% and down 0.2%
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CDPQ Sells 20% Stake in Plenary's Asia Pacific Business to ADQ
Pension Pulse
APRIL 24, 2024
He added: “ADQ’s existing portfolio of infrastructure assets, many of which are emerging as national champions, will serve as a catalyst to leverage significant potential of public-private partnership projects together with Plenary, a leader in its field with a proven track record of delivering successful infrastructure projects globally.”
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UPP Invests in Data Centre Developer Rowan Digital Infrastructure
Pension Pulse
AUGUST 21, 2024
This investment builds on a partnership initiated in 2023 with UPP’s investment to Quinbrook’s Net Zero Power Fund. Rowan, which was formed as a joint venture between Quinbrook and Birch Infrastructure in 2020, is developing four data center sites across Texas, Oregon and Maryland with planned minimum capacity of 300 megawatts per facility.
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CDPQ Acquires Majority Stake in Japan's Inuyama Solar Project
Pension Pulse
FEBRUARY 14, 2024
This agreement provides us with significant financial leverage to continue building partnerships with our clients to execute large-scale digital transformations.” The global environment has been volatile and uncertain since 2020—and that will continue. CDPQ is also the pension fund most present in its local economy globally.
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CDPQ Acquires Rogers' Cogeco Stake for $829M
Pension Pulse
DECEMBER 12, 2023
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.
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Best Caisse Scenario?
Pension Pulse
MAY 23, 2024
But what’s even more relevant, he says, is that with $88 billion now invested in a province with a GDP of nearly $500 billion, “the Caisse is the pension fund that is the most invested, in the world, in its local economy.” More than ever, Canada’s largest pension funds are being pressed to play the same role in the rest of the country.
Ivanhoé Cambridge CEO Nathalie Palladitcheff's Last Assessment
Pension Pulse
MARCH 18, 2024
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%).
A Conversation With OTPP's CEO on Their Mid-Year Results
Pension Pulse
AUGUST 15, 2023
The growth came as the fund earned a 12-month total-fund net return of 4.8 The pension fund, which invests to pay for the retirement for 336,000 working members and pensioners, noted that as of Jan. 1 the plan was fully funded with a $17.5-billion billion funding surplus. per cent and 8.6
OTPP and PSP Investments Looking to Unload Cubico for $6 Billion
Pension Pulse
AUGUST 14, 2023
Renewable Energy Systems (RES) is already working on the Wagyu project as EPC contractor and project completion is expected in Q3 2020. We are very happy to be working with RES on new construction projects again and look forward to continuing to work with Cypress Creek on new job investments to 2020 and beyond.”
APG and Ivanhoé Cambridge Back Scape's $658M Student Housing JV in Australia
Pension Pulse
APRIL 9, 2024
Our ambition is to democratise the rental market for students and other renters alike by leveraging our operational scale and delivering inspired intelligent design experiences at value,” Scape’s Carracher said.
BCI, CPPIB and PSP Exit Ziply Fiber on BCE Acquisition
Pension Pulse
NOVEMBER 4, 2024
Although Ziply generates cash flow, it is currently owned by private equity backers – including three Canadian pension funds – and they have put $2-billion of net debt on its balance sheet. telecom-focused private equity fund WaveDivision Capital, LLC. “The In all, BCE’s total debt level will remain roughly where it is now.
Nicole Musicco Steps Down as CalPERS CIO
Pension Pulse
SEPTEMBER 15, 2023
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.
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