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Japans PensionFund 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. The pensionfund oversees assets totaling JPY37.58tn (approximately $237.9bn).
Brookfield (14.4%) Ackman started acquiring shares in alternative assetmanagement company Brookfield (NYSE: BN) (TSX: BN) in the second quarter and really loaded up on shares in the third quarter. Brookfield spun off its assetmanagement business last year, but it maintains a 73% ownership stake in it. He holds about $1.9
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 pensionfund Caisse de Dpt et Placement du Qubec (CDPQ), oil major Shell Plc, infrastructure investor IFM Investors, and Koch Industries.
The firm is looking to extend its role beyond investing client capital to managingfunds for private equity and alternative assetmanagers, according to Chief Financial Officer Martin Small. This move follows BlackRocks $30bn expansion into private credit, financial data, and infrastructure assets in 2023.
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.
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 assetmanagement division.
Brookfield AssetManagement (NYSE: BAM) and Blackstone Group (NYSE: BX) are two of the biggest alternative assetmanagers 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 AssetManagement right now?
The Maine Public Employees Retirement System (MainePERS), based in Augusta, has approved two alternative investment commitments totalling up to $200m, according to a report by Pensions & Investments Online citing James Bennett, the Chief Investment Officer of the $20.2bn pensionfund. of its total assets.
Australia’s third-largest pensionfund will officially open its first overseas outpost in London in November, a senior company official said, pushing for more private market investments as the sector outgrows the confines of home. Aware Super, with A$160 billion ($102 billion) in assets, will set up in the district of St.
Swiss Life AssetManagers has launched its first open-ended private infrastructure fund, Swiss Life Funds (LUX) Privado Infrastructure S.A., With a recommended investment horizon of at least seven years, the fund complements existing investments across asset classes like cash, bonds, equities or real estate.
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.
Enlightenment Capital Solutions Fund V exceeded its initial target of $600m and its original hard cap of $750m, reflecting strong investor demand from a diverse pool of investors, including pensionfunds, assetmanagers, endowments, family offices, and insurance companies.
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 assetmanagement division, according to a report by Bloomberg.
AustralianSuper, Australia’s largest superannuation fund, today announced it has increased the program size of its partnership with Churchill AssetManagement, an investment specialist affiliate of Nuveen, to $1.5 The Fundmanages more than $300 billion of retirement savings on behalf of its 3.3 million members.
The fund attracted both new and existing investors, including sovereign wealth funds, pensionfunds, insurance companies, consultants, and multi-family offices. He noted a growing demand for Balbecs asset-based and specialty finance strategies as investors seek diversification. Can`t stop reading?
According to a recent release, the fund raised in just four months and attracting a diverse range of investors from across Europe, the Americas, Asia, and the Middle East includes public and private pensionfunds, assetmanagers, sovereign wealth funds, family offices, and financial institutions, among its investor base.
Aviva Investors, the global assetmanagement business of Aviva, has launched its third fund under the Long Term AssetFund (LTAF) regime with the creation of the Aviva Investors Multi-Sector Private Debt LTAF (MSPD LTAF).
The Australian Retirement Trust, a pensionfund valued at AUD260bn ($174bn), plans to increase its private credit allocation over the next year, targeting opportunities in Europe and North America. To build its exposure to the asset class, ART plans to blend external managers with its internal team.
It's a bit more complicated and investors, including large entities like pensionfunds, prefer the corporate share class. Brookfield Renewable is overseen by Brookfield AssetManagement (NYSE: BAM) , a large Canadian assetmanager with a long history of investing in infrastructure assets at a global scale.
Mubadala Investment Company , Abu Dhabi’s sovereign investment arm, has formed a strategic partnership with New York-based alternative assetmanager Blue Owl Capital as it seeks to co-invest in private credit opportunities amid a tightening monetary environment around the world.
And that should increase utilization across its existing assets and provide new expansion opportunities. According to a forecast by investment data company Prequin, global private capital assets under management will double by 2027 to $18.3 This year, it's investing $1.5
Reuters reports that Canadas BCI to buy BBGI infrastructure fund in US$1.32-billion billion deal: Canadas BCI, one of the countrys largest assetmanagers, will buy BBGI Global Infrastructure S.A. billion all-cash offer from Canadian pensionfundmanager British Columbia Investment Management (BCI).
Financial advisory and assetmanagement major Lazard has brought in former Citigroup managing director Ali Syed to boost its coverage of sovereign wealth funds and pensions.
Alternative assetmanagers are increasingly looking to raise private credit funds to provide lending to borrowers previously served by banks. According to data from Preqin, globally, 34 private credit funds raised $71.2bn in the quarter ended 30 June.
Technology investor Lone View Capital has closed its inaugural fund, Lone View Capital Fund I LP, with $850 million of capital. Limited partners in Fund I include university endowments, sovereign wealth funds, charitable foundations, pensionfunds, assetmanagers, insurance companies and family offices.
The Australian Retirement Trust, a pensionfund valued at AUD 260bn ($174bn), plans to increase its private credit allocation over the next year, targeting opportunities in Europe and North America. To build its exposure to the asset class, ART plans to blend external managers with its internal team.
BlackFin Capital Partners, a leading European financial services sector investment specialist, has held the final close of BlackFin Financial Services Fund IV with €1.8bn, taking the firm’s total assets under management to $4bn. Since raising Fund III, BlackFin has invested substantially into its platform.
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.
Japan's Noritz PensionFund combines active management with a large allocation to cash. CIO Kyoshi Iwashina opines on his frustrations with the assetmanagement community, his concerns about ESG and the dangers inherent in comparisons between corporate pensionfunds.
trillion of assets under management supporting defined benefit and defined contribution plans, PGIM serves more than half of the world's 300 largest pensionfunds. We maintain a AA rating, which reflects a healthy capital position, including more than $4 billion in highly liquid assets at the end of the third quarter.
Tri Ri AssetManagement, a New York-based assetmanager, closed a venture capital fund, at $142M. The close of TRAM Venture Fund saw participation from two pensionfunds, a sovereign wealth fund, and Scandinavian & Swiss based family offices.
Australia’s largest pensionfund AustralianSuper intends to nearly double its private equity 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.
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.
HSBC AssetManagement (HSBC AM) has launched the sixth vintage of its Vision Private Equity strategy as part of its annual programme offering exposure to a globally diversified portfolio by geography, sector and strategy. Read more Canada’s Top PensionFunds Embark on Major Private Credit Expansion with C$1.3
Equity and debt investor Comvest Partners has closed its sixth flagship private equity fund, Comvest Investment Partners VI LP, with total capital commitments of $881 million. Fund VI received commitments from a range of limited partners including foundations, insurance companies, pensionfunds, assetmanagers, consultants and family offices.
CenterGate Capital has held a final and above target closing of CenterGate Capital Partners II LP (Fund II) with just over $375 million of capital. Limited partners in Fund II include pensionfunds, endowments, foundations, family offices, assetmanagement firms, and financial institutions.
Read more CrossHarbor Exceeds Target with $865M Close of 10th Opportunity Fund CrossHarbor Capital Partners, a multi-strategy commercial real estate investor, closed its tenth. read more The post CrossHarbor Exceeds Target with $865M Close of 10th Opportunity Fund appeared first on Private Equity Insights.
The cornerstone investor of BInF II is the European Investment Fund (EIF). Investors contributing to the fund include EIF, Swedbank pensionfunds, SEB pensionfunds, LHV Pensionfunds and pensionfundsmanaged by Citadele group. “We
The report cites several anonymous assetmanagers in revealing that pension plans and insurers have been increasingly investing in funds that focus on equity tranches of collateralised loan obligations (CLOs) in recent months.
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, assetmanagers and family offices.
LPs tapped the secondary market both to increase liquidity and to reallocate their private asset portfolios; we expect LP supply to further increase in H2 2024 as pricing continues to improve,” the report said. The rationale for PSP’s sale is for portfolio management purposes, according to a statement the system shared with Buyouts.
Windjammer has now raised and managed more than $3bn of capital targeting control-oriented equity investments and has completed more than 60 platform investments and 160 strategic add-ons throughout its history. New and returning investors in Fund VI include private and public pensions, family offices, insurance companies and assetmanagers.
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