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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.
Ultra-rich individuals and families worth more than $150bn are helping drive a resurgence in private equity buyouts, providing capital for some of the year’s biggest acquisitions to overcome a tough dealmaking environment. Goldman Sachs AssetManagement closed its purchase of Norwegian e-learning platform Kahoot!
New York-based private equity firm Harvest Partners (Harvest), has closed it latest buyoutfund, Harvest Partners IX and its parallel funds (HP IX) with $5.34bn in capital commitments, ahead of its $5.25bn target. Harvest and its affiliates have over $20 billion of assets under management.
Ares Management Corp. billion) for a credit fund for Australia and New Zealand, as it seeks to capitalize on opportunities created by banks retreating from leveraged lending. The Ares Asia Direct Lending fund, the company’s first leveraged buyout vehicle for the region, has deployed over A$1.04 has raised A$2.6
Chris Witkowsky of Buyouts reports Canadian giant PSP Investments shops $1 billion-plus portfolio: PSP investments is shopping a large portfolio of fund stakes that could total up to around $1.5 billion, according to sources and confirmed by the pension system in a statement to Buyouts. The system managed about C$264.9
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.
It has vaulted to the top rungs of the alternative-assetmanagement world by focusing on what it does best: private credit. Yet, like its peers, Ares feels compelled to diversify into other asset classes, such as real estate, infrastructure, and private equity. Apollo Global Management, and KKR.
BlackFin’s global base of LPs is well diversified and includes Public PensionFunds, Sovereigns, Fund of Funds, Insurance & AssetManagers, Endowments and Family Offices. Fund IV will continue BlackFin’s highly successful strategy of investing across asset-light financial services subsegments.
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.
The private equity consortium led by buyout giant CVC Capital Partners, alongside Nordic Capital and Platinum Ivy, poised to acquire Hargreaves Lansdown has expanded its roster of lenders backing the £5.4bn deal, accordong tome report by the Business Desk.
Lazard has recruited Courtney Haydon from Guggenheim Securities as Managing Director to enhance its private equity and alternative assetmanagement dealmaking capabilities, according to a report by Reuters. The move is part of a broader recruitment strategy by Lazard aimed at increasing its business with buyout firms.
Poirier is the chief executive officer of NeuState Advisory, a firm he founded, and a former executive in the pensions division of assetmanager State Street Corp. Again, for me it's straightforward, OMERS is a large global pensionfund but it doesn't need two boards.
Keensight Capital, a private equity manager dedicated to making European growth buyout investments with offices in Paris, London and Boston, has raised €2.8bn in funds to invest in companies operating in the technology and healthcare sectors.
The Bank of England (BoE) is intensifying its efforts to closely monitor risks in the non-bank financial sector, which includes private equity firms, hedge funds, and assetmanagers, according to a report by Institutional Investor.
The Singapore-based firm has received initial interest from North American pensionfunds totaling $500m ahead of the fund launch in January, according to a fund document seen by Bloomberg News. The firm is seeking at least $1.25bn and may raise another $750m, capping the fund size at $2bn, the document shows.
Middle-market private equity and credit investment firm Comvest Partners has closed its sixth flagship private equity fund, Comvest Investment Partners VI (CIP VI), with total capital commitments of $881m. CIP VI attracted commitments from foundations, insurance companies, pensionfunds, assetmanagers, consultants and family offices.
Layan Odeh of Bloomberg reports CPPIB plows at least $5 billion into private equity in three months: Canada Pension Plan Investment Board poured at least $5 billion into private equity in the last three months of 2024 as the asset class regained appeal. billion as at Q3 FY2025: Highlights: Net assets increase by $24.5
Hassana Investment Company, the investment manager of Saudi Arabia’s $320bn General Organization for Social Insurance (GOSI) pensionfund, is to allocate up to $500m in Brookfield AssetManagement’s new Middle East-focused private equity fund.
Sinding also highlighted the importance of adding capabilities in secondaries, noting that it would strengthen EQT’s offerings at both the fund and portfolio levels. Pensionfunds, sovereign wealth funds, and other institutions remain under-invested in private capital,” he added.
A higher cost of debt and slower economic growth have created a tough investing environment, pushing down the value of some private assets that pensionfunds own. Private credit has been one of the best-performing asset classes for some large pensionfunds in recent years, often earning double-digit percentage gains.
pensionfundmanager sells $1-billion of private equity holdings to French buyout firm Ardian: British Columbia Investment Management Corp. BCI is the latest large Canadian pensionfund to sell private equity fund stakes in the secondaries market. Aren't leveraged buyouts in the doldrums?
Gillian Tan, Swetha Gopinath and Layan Odeh of Bloomberg report OMERS to stop making direct private equity investments in Europe: The Ontario Municipal Employees Retirement System will stop making direct private equity investments in Europe as the pensionfund overhauls its operations there, according to people familiar with the matter.
In late 2022, the system explored a sale of its PE fund stakes that was reported to be worth more than $1 billion, before ultimately deciding to hold off as markets deteriorated and pricing outlook appeared bleak, as affiliate title Buyouts reported at the time. billion to an investor group led by Goldman Sachs in 2018.
executive’s words were slightly less headline grabbing than those of Apollo Global Management’s co-president Scott Kleinman. Whereas Kleinman went in hard with his warning that “everything is not going to be okay” for buyout firms, Stavros joined in with the concession that his industry may have gotten “too creative” lately.
Fundraising will now continue up to the fund’s hard cap of 400m. The INVL Private Equity Fund II is sector-agnostic and will invest in companies with the potential to become regional leaders in their respective industries, focusing on acquiring majority or significant minority stakes.
In late 2022, the system explored a sale of its PE fund stakes that was reported to be worth more than $1 billion, before ultimately deciding to hold off as markets deteriorated and pricing outlook appeared bleak, as affiliate title Buyouts reported at the time. We have to bring velocity to the asset class,” Longchamps says.
This means you can engage with the GPs in your portfolio as well as have dialogue with the ultimate asset owners to create meaningful change and offer clients additional benefits to their investments. We service the institutional end of the market so most of our clients are pensionfunds.
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.
This transaction, approved by the Competition Commission of India, comprises the buyout of approximately 76,000 communications sites in India for an enterprise value of INR 182 billion (~$2.2 About Brookfield AssetManagement Brookfield AssetManagement Ltd. billion ). You can read that comment here.
The Canada Pension Plan Investment Board , for example, which invests on behalf of the Canada Pension Plan , sold a diversified portfolio of limited partnership fund interests in mostly North American and European buyoutfunds to French private investment house Ardian for around $2 billion on Nov.
When you own an assetmanager you need two staff full-time to manage that organisation strategically. Reading the interview with Scott Chan above, you'd think CalSTRS was a Canadian pensionfund, part of the Maple 8. You should earn a premium for locking your money into non-traded assets.”
Ian Bickis of The Canadian Press reports CPP Investments earned 8 per cent in latest fiscal year, net assets rose to $632 billion: Canada's biggest pensionfund earned an eight per cent return last year, but significantly underperformed the 19.9 per cent return of its reference portfolio. Based in the U.S., Based in the U.S.,
The firm’s experienced teams enable high net worth individuals and families as well as, medium to large sized companies, pensionfunds and trustees, assetmanagers, and their investors to focus on their core activities by choosing ZEDRA as their trusted partner. billion in capital across buyouts and $4.4
They’re the largest listed buyout firm in Europe. He is the chief executive officer of the Partners Group, which is Europe’s biggest listed private equity and buyout firm, with a market cap of about $25 billion. They run over $135 billion in assets. You have a fund that requires a minimum investment of only $50,000.
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.
Canada Pension Plan Investment Board (CPP Investments) announced it has agreed to a restructure and sale of a 21% partial interest in the Kendall Square Development Venture (KDV I) in South Korea. Committed US$175 million to MBK Partners Fund VI, which focuses on control buyouts investments in South Korea, Japan and Greater China.
James Bradshaw of the Globe and Mail reports OMERS reports steady gains at mid-year mark in shift to bonds, credit: Ontario Municipal Employees Retirement System relied on steady returns from private assets, tailwinds from strong stock markets and a resilient U.S. dollar to earn a 4.4-per-cent per cent on their investments.
The transcript from this week’s, MiB: Ken Kencel, Churchill AssetManagement , is below. BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, I have an extra special guest, Ken Kencel of Churchill AssetManagement, CEO, Founder, President. This is really a fascinating story. It’s fantastic.
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. Management fees increased by $165 million, due to an increase in average assetsmanaged by external fundmanagers.
Silas Brown and Kat Hidalgo of Bloomberg report Florida pension to offload up to $4 billion of private credit: The Florida State Board of Administration is looking to sell a bundle of private credit stakes worth as much as $4 billion in what would be one of the largest deals of its kind, according to people with knowledge of the matter.
Mathieu Chabran is the co-founder of TIKEHAU Capital, a Paris-based alternative assetmanager. They run over $40 billion worth of assets. I don’t know how relevant that is to assetmanagement, but let’s talk a little bit about you were doing before you were being lauded by the French president.
Morgan AssetManagement and T. Rowe Price Group to manage $383m each in active domestic large-cap equities. In addition, the board approved a $75m commitment to the American Rivers Fund, an open-end fundmanaged by Maritime Partners. At its March 10 meeting, the board also hired J.P.
IMCO CEO Bert Clark posted a comment on LinkedIn going over the Canadian model and other thoughts from the Fiduciary Investors Symposium: I recently had the pleasure of speaking at Top1000 Funds’ Fiduciary Investors Symposium Toronto 2024. The solution isn’t having pensionfunds invest more in the existing opportunity set.
Pensionfunds are calling for more transparency from private equity firms, seeking clearer and standardised reporting on fees and returns, in new guidelines published by the Institutional Limited Partners Association (ILPA), according to a report by the Wall Street Journal.
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