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Japanese pension fund Chikyoren selects global firms for PE and private debt mandate

Private Equity Wire

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 Asset Management. The pension fund oversees assets totaling JPY37.58tn (approximately $237.9bn).

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Billionaire Bill Ackman Has 45% of His Hedge Fund's $13.4 Billion Portfolio Invested in Just 3 Stocks

The Motley Fool

Brookfield (14.4%) Ackman started acquiring shares in alternative asset management company Brookfield (NYSE: BN) (TSX: BN) in the second quarter and really loaded up on shares in the third quarter. Brookfield spun off its asset management business last year, but it maintains a 73% ownership stake in it. He holds about $1.9

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Brookfield poised to secure $10bn Colonial Pipeline deal in major energy shake-up

Private Equity Insights

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. Canadian pension fund Caisse de Dpt et Placement du Qubec (CDPQ), oil major Shell Plc, infrastructure investor IFM Investors, and Koch Industries.

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BlackRock expands private equity focus with new financing initiative

Private Equity Insights

The firm is looking to extend its role beyond investing client capital to managing funds for private equity and alternative asset managers, according to Chief Financial Officer Martin Small. This move follows BlackRocks $30bn expansion into private credit, financial data, and infrastructure assets in 2023.

Financing 162
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Fund Friday: Top fundraising news in private equity

Private Equity Insights

The fund aims to generate net returns of 8% to 10% on an unlevered basis, with levered investments expected to deliver around 13%. Read more: [link] Ares Management Corporation announced that its Ares European Strategic Income Fund (AESIF) has exceeded 2.2bn in assets under management within its first full year.

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JPMorgan targets private credit firm to boost $3.6tn asset management arm

Private Equity Insights

New York-based banking giant JPMorgan Chase & Co is actively seeking to acquire a private credit firm to strengthen its private capital operations within its $3.6tn asset management division.

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These High-Yielding Dividend Stocks are Already in the $1 Trillion Club and Have Plenty of Room to Keep Growing

The Motley Fool

Brookfield Asset Management (NYSE: BAM) and Blackstone Group (NYSE: BX) are two of the biggest alternative asset managers in the world. Each has already surpassed the milestone of having $1 trillion in assets under management ( AUM ). Should you invest $1,000 in Brookfield Asset Management right now?