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International hedge funds and privateequityfirms are increasingly investing in Lloyds of Londons tax-exempt investment vehicle, as the 300-year-old UK institution expands its efforts to attract global investors, according to a report by the Financial Times.
Major privateequityfirms have faced significant obstacles in selling or listing their China-based portfolio companies in 2023, with Beijings tightening restrictions on IPOs and a decelerating economy having left foreign investors capital effectively trapped, according to a report by the Financial Times.
The country’s growing pool of pensionfunds and increasing corporate restructuring activities are drawing the attention of alternative investment firms worldwide. The broader Asia-Pacific privateequity market saw investment activity rise to $138bn in 2024, marking an 8.1% increase from the previous year.
Privateequityfirms RedBird Capital Partners and KKR & Co. At a recent price of $13.20, the actively traded Class B nonvoting shares of Paramount are down more than 85% from their 2021 high of over $100. Read more Canada’s Top PensionFunds Embark on Major Private Credit Expansion with C$1.3
Privateequityfirms 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. This follows a record 1.9bn in deals in 2022.
TA Associates, a leading global privateequityfirm, announced the completion of fundraising for its latest flagship fund, TA XV, with total limited partner commitments at its hard cap of $16.5bn. TA XV is the successor to TA XIV, which closed in June 2021 at its hard cap of $12.5bn.
South Korea is cementing its status as a key destination for global privateequity, drawing major firms such as Apollo Global Management and Intermediate Capital Group (ICG), with both having recently established offices in Seoul, according to a report by PrivateEquity Insights. increase from the prior year.
GrowthCurve Capital has held the final close of its inaugural privateequityfund, GrowthCurve Capital Partners I, with total capital commitments of $1.4bn for the fund and related co-investment vehicles.
The privateequityfirm is working with an adviser to sell as much as a 30% stake in Think Gas, said the people, who asked not to be identified as the information is private. The asset could attract investment funds and pensionfunds, the people said. Source: BNN Bloomberg Can’t stop reading?
IRA Capital, a privateequityfirm based in Southern California, has recently announced the launch of the IRA Healthcare Real Estate Fund. The closed-end fund, with a total capitalization of $500m, will focus on acquiring medical properties and senior housing assets across the United States. for its investors.
PSG Equity (PSG), a growth equityfirm partnering with software and technology-enabled services companies in Europe, North America and Israel to help accelerate their growth, has held the final close of PSG Europe II (PSGE II), the firm’s second Europe-focused fund, with more than €2.6
LA-based privateequityfirm OpenGate Capital has partnered with Ownership Works, a nonprofit founded by KKR’s Co-Head of Global PrivateEquity Pete Stavros that is aiming to generate at least $20bn of wealth for employees over the next decade.
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.
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.
Warburg Pincus, the oldest privateequityfirm and a leading global growth investor, today announced, together with any parallel funds, the successful close of its latest global flagship fund, Warburg Pincus Global Growth 14, L.P. (“WPGG 14”).
The market for secondary sales of privateequity (PE) stakes is experiencing unprecedented activity this year as investors look to exit ageing assets due to a cash crunch and a slowdown in dealmaking, according to a report by the Financial Times.
This approach has expanded its assets under management more than fourfold to €246bn, through deals such as the €6.8bn acquisition of Barings PrivateEquity Asia in 2022, establishing a significant presence in Asia, and Exeter Property Group in 2021, specialising in industrial warehouses.
Australia’s largest pensionfund AustralianSuper intends to nearly double its privateequity assets over the next four years, a decision that comes as deal activity picks up following a period of reduced activity due to higher borrowing costs, according to a report by Bloomberg.
Fund III will continue Ara’s strategy of investing in the decarbonization of the industrial economy, the greatest source of carbon emissions globally. Ara’s predecessor fund, Ara Fund II, closed in September 2021 at approximately $1.1bn , above its $650 million target.
Yet, like its peers, Ares feels compelled to diversify into other asset classes, such as real estate, infrastructure, and privateequity. The attractions of sticking with private credit are obvious. No matter how ambitious Ares’ diversification plans are, Arougheti leaves no doubt that private credit will always define the firm.
Rent growth is slowing and negative in some markets but I think the thing that worries me about multifamily a bit is that a lot of loans were originated in 2020, 2021, 2022 and over the next couple of years, that debt is eventually going to be refinanced at a dramatically higher interest rate. Occupancy is still pretty strong.
Blackstone's unique investment business Blackstone manages investments for big money managers, including pensionfunds and institutional investors, and its $1 trillion in AUM makes it one of the largest asset managers in the world. Here's why this news is a big deal. What sets Blackstone apart from competitors is its investing style.
Layan Odeh of Bloomberg reports CPPIB plows at least $5 billion into privateequity in three months: Canada Pension Plan Investment Board poured at least $5 billion into privateequity in the last three months of 2024 as the asset class regained appeal. We first invested in Databricks in 2021.
PE lagging on climate action, says new study Submitted 27/07/2023 - 12:09pm A new assessment of the fossil fuel policies of 15 of the largest privateequityfirms operating in North America and Europe, has found that the sector is lagging behind other investors in terms of action on climate change. Like this article?
Martin Heinrich (D-NM), unfairly attacking the privateequity industry. In 2022, the privateequity industry employed 12 million people who earned a collective $1 trillion in wages and benefits. As a result of the privateequity industry’s success, 88% of U.S. The average employee of U.S.
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.
Sydney-headquartered software firm Canva hit a peak valuation of $40 billion in late 2021, only to be revised sharply lower to $25.5 Major funds including Aware Super and Hostplus were investors. Private assets are popular in Australia's A$2.4 million Norweigans benefit from the Government PensionFund.
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 pensionfund that is the most invested, in the world, in its local economy.” More than ever, Canada’s largest pensionfunds are being pressed to play the same role in the rest of the country.
Paula Sambo of Bloomberg reports Canada pensionfund's credit head wants to take advantage of leveraged buyout boom: Canada’s largest pensionfund plans to nearly double the size of its credit holdings over the next five years, and it’s counting on an upturn in leveraged buyouts to generate some of that growth.
Privateequityfirms are already positioning to take advantage. The amount of money set aside for real estate debt strategies globally by the firms shrank by 26% to $56.1 billion through May from the end of 2021, Preqin data show. That will throw up some problems for credit investors, for example.
Sarah Rundell of Top1000Funds recently interviewed Suyi Kim, Global Head of PrivateEquity at CPP Investments to go over what drives success at their giant PE portfolio: Suyi Kim, global head of privateequity at CPP Investments manages quite possibly the largest privateequity allocation in the world.
Then she came across an investor presentation from a different universe: KKR, one of the world’s largest privateequityfirms. In 2021, the two met up to talk about the idea. A couple of dozen privateequityfirms have signed on to give the idea a try. Miller saw it as a way to move much faster. “Me,
Low De Wei of Bloomberg News reports BlackRock, Aimco Back $800 Million Asia Infrastructure Fund: An Asia-focused infrastructure fund has raised $800 million from investors including funds managed by BlackRock Inc. and pension manager Alberta Investment Management Corp., amid renewed interest in the asset class.
In fact, virtually all of our drawdown funds we've launched in our history, have been profitable for our investors. Our performance has helped secure retirees' pensions, fund students educations, pay healthcare benefits, and protect and grow the savings of individual investors.
A broader worry is that while buyers’ hunger may be back for higher-quality companies, as shown by the uptick in investment-banking activity on Wall Street, the books of PE firms are stuffed with less attractive businesses snapped up at inflated prices. Some investors don’t want firms using such tools to flatter returns.
PrivateEquityPrivateequity is a form of alternative investment that involves investing in privately-held companies. It encompasses strategies such as venture capital, leveraged buyouts and investing directly in publicly-traded privateequityfirms. between 2015 and the end of 2021.
PrivateEquityPrivateequity is a form of alternative investment that involves investing in privately-held companies. It encompasses strategies such as venture capital, leveraged buyouts and investing directly in publicly-traded privateequityfirms. between 2015 and the end of 2021.
Cohen, whose new title is chief product officer, has been BlackRock’s head of Europe, Middle East and Africa since April 2021, and he previously led wealth and index investment businesses in EMEA as well as global fixed-income indexing. Not just sovereign wealth funds, US, Canadian and European pensionfunds too.
Also, supply is cyclical and there will come a point where the bid-ask spread narrows and PE firms start to transact again. Privateequityfirms also have a lot of dry powder to put to work, and the ratio of Private Debt to PrivateEquity dry powder does not look excessive.
It is for this reason that Canadian pension giant BCI finds itself in a rather enviable position. Under the leadership of global head of privateequity Jim Pittman, the C$233 billion ($172.8 One particularly noteworthy deal was space intelligence business Maxar Technologies, its largest-ever direct privateequity investment.
Our BREIT, BIP Infrastructure, and BPP perpetual strategies acquired the company for $10 billion in 2021, and its lease capacity has already grown sixfold in less than three years. Since the start of 2021, the composite has delivered nearly double the return of the 60-40 portfolio net of fees, a remarkable result in liquid markets.
And they all develop their own little system of useful terms, but then they end up becoming almost like a barrier that makes it hard for an outsider who hasn’t grown up in the world of finance, who doesn’t have a father who ran a hedge fund or an uncle who ran a privateequityfirm.
In private credit, tightening credit conditions resulting from a handful of bank failures and rescues in the United States have opened up opportunities for non-bank players like pensionfunds, he said. So we kind of had headwinds and tailwinds in the portfolio, which is the point of diversification,” Graham said.
Importantly, no other large Canadian pensionfund has allocated as much to Credit as CPP Investments (or PrivateEquity which makes up 33% of of its total assets). Keep in mind that Credit Investments (CI) make up 13% of CPP Investments' total portfolio which make it a very important asset class.
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