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BCI Takes BBGI Global Infrastructure Private, Completes Sale of Hayfin

Pension Pulse

BBGI said its board has recommended that shareholders vote in favour of the acquisition by BCI, which previously bought Compre, a London-based specialist in buying and managing non-life insurance portfolios, with Cinven in 2020. billion all-cash offer from Canadian pension fund manager British Columbia Investment Management (BCI).

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LACERS allocates $367m to private credit and private equity investments

Private Equity Wire

The Los Angeles City Employees Retirement System (LACERS) has approved significant commitments totalling $367m to private credit and private equity funds, as outlined in the materials presented at its 25 February board meeting, according to a report by Pension & Investment Online.

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United Nations Joint Staff Pension Fund Cuts Allocation to Equities

Pension Pulse

Sarah Rundell of Top1000Funds reports UN pension fund slashes equity and pushes into impact and venture: The United Nations Joint Staff Pension Fund (UNJSPF) recently reduced the allocation to equity in its $92.5 We are in a strong position compared to peers,” reflects Guazo who has led investment since 2020.

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World’s Top Pension Funds See the Largest Assets Decline in 20 Years

Pension Pulse

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.

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BCI, CPPIB and PSP Exit Ziply Fiber on BCE Acquisition

Pension Pulse

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.

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Rubicon Technology Partners Closes $1.7bn Fund IV, its Largest to Date

Private Equity Insights

This represents a 34% increase in size from its predecessor fund, Rubicon Technology Partners III, which closed in 2020.

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Bain Capital’s Harrington Takeover: OHA and BMO Pave the Way with $1bn Financing

Private Equity Insights

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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