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In 2020, for example, it created Brookfield Renewable as part of its Brookfield Renewable Partners subsidiary. The move to a corporation from a partnership made it possible for more institutional investors to buy shares in the company, as some pensionfunds and insurance companies disallow investing in partnerships.
Canadian pensionfund Caisse de Dpt et Placement du Qubec (CDPQ), oil major Shell Plc, infrastructure investor IFM Investors, and Koch Industries. The firm holds a controlling stake in Brazils NTS pipeline and was part of a consortium that acquired a $10.1bn stake in Abu Dhabis natural gas pipelines in 2020.
The fund, Crescent European Specialty Lending Fund III (CESL III), attracted strong global demand and was oversubscribed, marking a major step up from the 1.8bn close of its predecessor in 2020. CESL III includes both levered and unlevered sleeves, alongside capital from separately managed accounts.
Blackstone acquired HealthEdge in 2020 for $700m at the height of pandemic-driven investment in healthcare. Since then, it has funded bolt-on acquisitions including Wellframe and Altruista Health to expand the business. Can`t stop reading?
Private equity firms and pensionfunds are pouring unprecedented amounts of money into the UK rental housing market, driven by soaring demand and a persistent housing affordability crisis, according to a report by the Financial Times.
31, 2023, a pensionfund that owns shares of Amazon has filed a lawsuit against Amazon's board of directors, alleging it "acted in bad faith" in declining to hire SpaceX to work on Project Kuiper. A November 2020 expansion on the plans likewise failed to elicit guidelines or oversight from the board.
Geographically, the fund has attracted a highly diversified group of investors, with LPs from 28 countries across the world, with notable growth in commitments from LPs in MENA, the Americas, Asia, the UK, the Nordics, and the Netherlands.
Private investment house Ardian has raised $30bn for its ninth-generation secondaries platform, a significant increase over the $19bn raised for the eighth-generation in 2020, and the largest secondaries fundraise globally to date. According to a recent release, this brings Ardians Secondaries & Primaries assets under management to $97bn.
According to BlackRock , the issuer of the iShares Bitcoin Trust, the next round of ETF buyers will include three important types of institutional investors: sovereign wealth funds, pensionfunds, and endowments. After the previous halving (which took place in May 2020), for example, the price of Bitcoin went parabolic.
Risk-averse institutional investors -- think pensionfunds, endowments, and sovereign wealth funds -- could be ready to get into the mix. There have been three previous Bitcoin halving cycles (in 2012, 2016, and 2020), and each one has led to a spectacular rally.
Blue Sage raised Fund IV without a placement agent and limited the fund’s size to maintain its focus on lower-middle market investments, despite strong limited partner interest generated within just a few months of fundraising. With the close of Fund IV, the firm has now raised over $1.2
James Bradshaw of the Globe and Mail reports Ontario Teachers Pension Plan closes Hong Kong office: Ontario Teachers Pension Plan is closing its Hong Kong office and shifting some staff to Singapore, as the $256-billion pensionfund looks to streamline its operations in Asia.
If you've been hearing a lot about semiconductor company Nvidia (NASDAQ: NVDA) in recent months and you're not sure why, check out its returns in recent years: Year Return 2023 239% 2022 (50%) 2021 125% 2020 122% 2019 76% 2018 (31%) 2017 81% 2016 224% Source: 1stock1.com. If you don't own Nvidia.
Private equity firm Blackstone is nearing a deal to sell Japanese supplement maker Alinamin Pharmaceutical to North Asian buyout fund MBK Partners for $2.17bn.The deal is expected to be signed soon, said the person, who declined to be identified as the information was private. MBK, Blackstone and Alinamin declined to comment.
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
After all, in its entire 15-year history, Bitcoin has only reached a high of $69,000 -- and that was during the extremely frothy and speculative crypto bull market of 2020-2021. At first glance, this $1.5 million price target might strike you as outlandish. Let's take a closer look.
The New York State Teachers Retirement System (NYSTRS) committed $400m (£315.55m) to private debt funds 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.
The fundraising represents a significant increase from Crescent’s predecessor fund, Crescent European Specialty Lending Fund II, which announced its final close in April 2020 with 1.8bn of investable capital.
Disney's dividend elimination made sense When the pandemic hit in 2020, there was a great deal of uncertainty. Also, some large investors, like pensionfunds and insurance companies, have requirements that they only invest in dividend-paying companies. So there were bigger issues at play as well.
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.
This gap currently is wider than at any time other than the financial crisis of 2008 and the pandemic of 2020, it notes, and materially wider than the 10-year average of 22%. Read more Canada’s Top PensionFunds Embark on Major Private Credit Expansion with C$1.3 million shares, worth about GBP38.6 pence, up 1.3%
Sarah Rundell of Top1000Funds reports UN pensionfund slashes equity and pushes into impact and venture: The United Nations Joint Staff PensionFund (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.
Astorg has closed the Normec Continuation Fund, capitalised with €1.4bn by lead investors CVC Secondary Partners, Pantheon, Lexington Partners and Eurazeo, alongside sovereign wealth funds, pensionfunds, asset managers and family offices.
Willis Towers Watson put out a press release stating the world’s top pensionfunds see the largest assets fall in 20 years: North America now accounts for nearly half of assets in world’s 300 largest pensionfunds ARLINGTON, Va., increase in the assets of the largest 300 pensionfunds in the previous year.
Derek Decloet and Christine Dobby of Bloomberg report Canada taps ex-BOC governor to examine how pensionfunds invest: Canada’s finance minister has asked former central bank governor Stephen Poloz to examine ways to entice its pensionfunds to invest more in the country.
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.
The report cites unnamed sources familiar with the matter as confirming that the $12.2bn firm, which manages over $400m in the Sustainable Solutions Fund, had hoped to raise a comparable amount for a follow-up fund. Approximately $300m of the initial fund’s capital came from New York’s public pensionfund, which invested in 2020.
Examples include a 19-property portfolio sold to Welltower REIT for around $300m in January 2020 and a 29-property portfolio sold to Nuveen Real Estate for approximately $620m in August 2021. It invests capital for its own account and on behalf of co-investment partners, including pensionfunds, institutions, and family offices.
Although Ziply generates cash flow, it is currently owned by private equity backers – including three Canadian pensionfunds – 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.
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 pensionfund manager British Columbia Investment Management (BCI).
Orion Resource Partners, a global investment firm specialising in metals and materials, has sold an 8% minority interest in Sweetwater Royalties, a private industrial minerals royalty company, to a Canadian pensionfund for $100m.
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.
According to a press statement, the fund was significantly oversubscribed, and markied a “substantial increase” from its predecessor, VIP IV, which closed at €4bn in 2020.
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.
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.
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.
Olympus originally purchased Atlanta-based Soliant Health from Swiss HR services firm Adecco in early 2020. Currently, Olympus manages a portfolio of 13 companies and oversees funds totaling more than $10bn, primarily on behalf of corporate pensionfunds, endowment funds, and state-sponsored retirement programs.
New Mountain’s previous flagship fund, Fund VI, was also oversubscribed and closed with approximately $9.6bn of commitments in 2020. That fund is now fully invested in platform companies, with the remaining capital reserved for follow-on growth investments.
After back-to-back record-setting performances in 2020 and 2021, the market for initial public offerings (IPOs) hit a slump. Nvidia (NASDAQ: NVDA) offered to buy the designer of central processing units (CPUs) used in smartphones for $40 billion in 2020, but regulatory challenges ultimately quashed the deal.
Over the past decade investors increased their allocation to less liquid private market assets, including buyout funds and real estate, in the hunt for higher returns. The trend turbocharged the growth of secondary funds that offer the likes of pensionfunds the chance to exit such investments early if they need to.
Pensionfunds and endowments, which have seen limited cash payouts from their unlisted investments, are driving a surge in these once-niche transactions.
Orion Resource Partners, a global investment firm specialising in metals and materials, has sold an 8% minority interest in Sweetwater Royalties, a private industrial minerals royalty company, to a Canadian pensionfund for $100m.
He was the long-time chair of the Toronto Port Authority and, earlier in his career, advised a committee of Canada’s Senate on issues that included the creation of major public-sector pensionfunds such as the Public Sector Pension Investment Board. Still, I will wait to read the final report to see what Mr. Poirier has to say.
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