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The post Brookfield AssetManagement wraps up third infrastructure debt fund appeared first on PE Hub. BID III's limited partners include public and private pension plans, sovereign wealth funds, financial institutions, endowments, foundations and family offices.
A consortium of private credit funds, including Antares Capital, Blue Owl Capital, KKR, and Goldman Sachs AssetManagement, has agreed to take control of Alacrity. When BlackRock made its investment, Alacrity carried around $1bn in senior debt and $500m in junior debt, financed by Goldman Sachs wealth management division.
Schroders is shutting down its AUD100m ($63m) Australian private-debt business, citing increased competition in fundraising and sourcing investments, according to a report by Bloomberg citing CEO and Chief Investment Office Simon Doyle.
Japans Pension Fund Association for Local Government Officials (Chikyoren) has selected four firms two from the US and two from Japan for a global private equity mandate, according to a report by Asia AssetManagement. Additionally, it has appointed one firm each from the US and Japan for a global private debt mandate.
BNP Paribas AssetManagement has appointed Linda Fodil and Thibault Sartori as Private Debt Investment directors to support its new direct lending strategy. Both will be based in Paris and report to Christophe Carrasco, Head of Private Debt.
in a deal that could exceed $10bn, including debt. Brookfield has a track record of investing in major pipeline assets worldwide. 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.
Goldman Sachs AssetManagement said on Thursday it had raised over $700 million for a new fund that will work with external managers to identify investment opportunities in both public and private markets.
The vehicle has attracted institutional capital from Barings, which acted as the lead investor in the senior debt tranches, while Coller and Ares Management have retained the first-loss equity positions. Assetmanagers are responding swiftly to the trend.
Aviva Investors, the global assetmanagement business of Aviva, has launched its third fund under the Long Term Asset Fund (LTAF) regime with the creation of the Aviva Investors Multi-Sector Private Debt LTAF (MSPD LTAF).
BNP Paribas AssetManagement has hit a €90m first close for its new European Special Opportunities Debt Fund. The post BNP Paribas assetmanagement arm hits first close for new European special situations debt fund of funds appeared first on AltAssets Private Equity News.
GSAM has committed $150m of its own capital to the fund, which will primarily target senior lending opportunities but retain the flexibility to provide junior debt when needed. He noted a growing demand for Balbecs asset-based and specialty finance strategies as investors seek diversification. Can’t stop reading? reaching its.
Brookfield AssetManagement is targeting at least $7bn for its fourth infrastructure debt fund, expanding one of the largest strategies in the sector. The new fund will invest in both junior and senior infrastructure debt, continuing Brookfields established approach. Read more here. Read more here. Read more here.
Blackstone Real Estate Debt Strategies and Blackstone Real Estate Income Trust partnered with Miami, Florida-based Rialto Capital and the Canada Pension Plan Investment Board to make the successful $1.2bn bid for the 20% interest in a joint venture set up by the FDIC to hold the failed bank’s $16.8bn in commercial real estate debt.
Ian Simes, Managing Partner and Co-Head of Brookfields infrastructure debt and structured solutions businesses, highlighted investor appetite for the funds strategy, while his counterpart, Hadley Peer Marshall, noted the firms ambition to grow BISS to a scale similar to Brookfields existing infrastructure debt and equity funds.
Investec Bank's assetmanagement subsidiary has hit a €200m first close for its second private debt fundraise, reaching 40% of its €500m target. The post Investec assetmanagement arm hits 40% of €500m target in first close of sophomore private debt fund appeared first on AltAssets Private Equity News.
, the global learning and engagement platform company, today announced the delisting from Oslo Børs, in a successful acquisition process led by Goldman Sachs AssetManagement. Last July, Kangaroo BidCo AS announced a recommended voluntary offer from Goldman Sachs AssetManagement, with co-investors General Atlantic FT B.V.
Two additional key performance indicators that management will be discussing on this call are net asset value, or NAV, and return on equity, or ROE. NAV is defined as total assets minus total liabilities and is also reported on a per share basis.
HPS Investment Partners, a global firm with approximately $117bn in assets under management as of June 2024, operates across various asset classes, including debt, liquid credit, asset-based finance, and real estate.
Global investment manager Ninety One, formerly Investec AssetManagement, has raised about €150m for its European Credit Opportunities Fund. The post Ninety One – formerly Investec AssetManagement – raises €150m European credit fund appeared first on AltAssets Private Equity News.
Abacus Finance is an assetmanagement firm specializing in private credit solutions to the lower middle market. Abacus targets private debt financing opportunities of up to $60 million and finances companies with EBITDA between $3 million and $15 million. . Since the firms founding in 2011, it has closed over $3.5
This transaction underscores the importance of strategic partnerships between private equity firms and alternative assetmanagers in funding large-scale deals within critical industries. read more EG Group targets $13bn New York IPO to drive growth and reduce debt EG Group is gearing up for a $13bn IPO on the New York Stock Exchange.
Point72 AssetManagement, the hedge fund founded by Steve Cohen, is entering the booming private credit market with a new strategy headed by Todd Hirsch, a former senior managing director at Blackstone, according to a report by Reuters citing an internal company statement.
of its total assets. Alternative investments make up a substantial portion of MainePERS’ portfolio, accounting for 57.5% This category includes private equity, infrastructure, natural resources, alternative credit, real estate, and risk-diversifying strategies.
BlackRock made headlines in late 2024 through the firms acquisition of HPS Investment Partners , backed by their expectation that the private debt market will more than double to $4.5 The sector has become extremely attractive for investors, with LPs and assetmanagers pouring money into private credit. trillion by 2030. [2]
Billy Rahm, the former Head of Real Estate at private investments firm Centerbridge Partners, has launched Everview Partners, a New York-based investment firm focused on real assets businesses across North America, according to a report by Bloomberg.
A 13F is a required quarterly filing by institutional investors and money managers with at least $100 million in assets under management. Ken Fisher's Fisher AssetManagement added 593,585 shares. Steven Cohen's Point72 AssetManagement picked up 139,084 shares.
At Macquarie, he served in several investing roles, as well as Global Head of Strategy across the assetmanagement business. His recent focus was on infrastructure and real assets that deliver both commercial returns and measurable impacts, addressing issues like inequality and climate change.
Blackstone is considering various strategic options for Liftoff, including a sale, which could value the mobile app marketing provider at over $4bn, including debt, according to a report by Reuters citing two sources familiar with the matter.
InfraRed Capital Partners (InfraRed), an international infrastructure assetmanager, has appointed Ivo Dimov as its new Head of Sustainability with responsibility for driving the next phase of the firm’s sustainability strategy across its global platform.
Morgan AssetManagement, a division of money-center bank JPMorgan Chase , released a study that compared the performance of publicly traded companies that initiated and grew their payouts between 1972 and 2012 to public companies that didn't offer a payout over the same timeline. In 2013, J.P. annualized return for the non-payers.
Two additional key performance indicators that management will be discussing on this call are net asset value or NAV and return on equity or ROE. NAV is defined as total assets minus total liabilities and is also reported on a per-share basis. Ryan will discuss our NAV per share increase in more detail.
Apollo Global Management reported a 12% rise in third-quarter profit on Tuesday, outperforming Wall Street expectations as it secured more assets and originated record levels of debt and other capital, according to a report by Reuters. The alternative assetmanager posted an adjusted net income of $1.13bn, or $1.85
HarbourView Equity Partners, an alternative assetmanagement firm focused on investments in the sports, media and entertainment space, has secured approximately $500m in a debt financing led by global investment firm KKR. Seeks $655 m of Private Debt for USA DeBusk Deal H.I.G. billion Swiss-franc ($2.6. read more H.I.G.
Investor preferences have shifted toward larger assetmanagers with diversified strategies or niche specialists, making fundraising more competitive. BC Partners closed its previous fund, BC Partners Fund XI, in 2022 with 6.9bn in commitments, achieving a net internal rate of return of 16%, according to Bloomberg data.
One is the massive wealth transfer that will occur as younger generations, more comfortable with digital assets, inherit a total of trillions of dollars from their predecessors. Unlike older generations, millennials and Gen Zers are more inclined to invest in decentralized digital assets like Bitcoin, which could drive significant demand.
But after the coronavirus pandemic, management realized that the office segment was becoming a bigger problem. It chose to jettison its office assets in one fell swoop. Rowe Price is a large and well-respected assetmanager. Assetmanagement is an interesting business for several reasons. Also important, T.
The whole company, meanwhile, is backed by Brookfield AssetManagement , a Canadian assetmanager with a successful history of investing in infrastructure on a global scale. The company wisely cashed in on its thermal assets in 2022. That last point is actually very important.
.; chairman, president, and chief executive officer of the company; Steven Hamner, executive vice president and chief financial officer; Kevin Hanna, senior vice president, controller, and chief accounting officer; Rosa Hooper, senior vice president of operations and secretary; and Jason Frey, managing director, assetmanagement and underwriting.
It has the largest market cap and property portfolio (over 15,400 assets) among net-lease real estate investment trusts (REITs). That makes sense, given that the industry is heavily reliant on debt to fund asset purchases. trillion in assets under management. And the dividend yield is near a 10-year high at 5.5%.
One of those people is none other than Larry Fink, billionaire chief executive officer of BlackRock , the world's largest assetmanager. Fink emphasized that Bitcoin is not just another asset, but an alternative to commodities, going so far as stating it "is an asset class in itself." However, Fink hasn't stopped there.
Ares Management is leading a group of private credit firms including Oak Hill Advisors, providing a debt package of over $1.2bn to CentralSquare Technologies as the software developer looks to refinance its debt. The report cites unnamed people familiar with the mater as revealing that the financing includes a $1.1m
However, due to the $6 billion in long-term debt it took on to fund that purchase, the market has taken a cautious view toward Nasdaq's stock, and it remains below its pre-acquisition announcement price. Armed with this growing FCF creation, management aims to lower Nasdaq's debt load from 4.3 With its $10.5
The New York State Teachers Retirement System (NYSTRS) committed $400m (£315.55m) to private debt funds between October and December last year. By the end of 2023, seven per cent of NYSTRS’ $140bn investment portfolio was allocated towards private debt, representing $9.8bn in total.
Medical Properties Trust reported net debt of more than $10.2 While the company's debt matures over a multiyear period, higher interest rates led to concerns about the increased costs of refinancing. Last month, the REIT sold $105 million of its interest in the asset-backed credit facility to a global assetmanager.
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