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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.
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.
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.
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.
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.
in a deal that could exceed $10bn, including debt. 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.
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).
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.
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.
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.
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.
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.
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. Read more Fund Friday: Top fundraising news in private equity Goldman Sachs AssetManagement (GSAM) is seeking up to $3bn for its newly launched West Street.
, 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.
We'll also provide an update on our assetmanagement activities, our recent dividend declarations, our expectations for dividends going forward, our recent investment activities and current investment pipeline, and several other noteworthy updates. We've also continued to produce positive results for our assetmanagement business.
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.
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.
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.
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.
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.
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]
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.
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
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.
Capital is seeking $655 million of debt financing to help fund its potential purchase of mechanical and industrial cleaning company USA DeBusk, according to people with knowledge of the matter. and Brookfield AssetManagement Ltd. — Seeks $655 m of Private Debt for USA DeBusk Deal H.I.G. Goldman Sachs Group Inc.’s
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.
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. billion debt investment portfolio is first-lien secured.
The affably nicknamed "Oracle of Omaha," Buffett oversees a $364 billion investment portfolio containing 45 stocks and two index funds at Berkshire Hathaway , while Ken Griffin's Citadel, the most profitable of all hedge funds since inception, has $58 billion in managedassets. Ken Fisher's Fisher AssetManagement added 593,585 shares.
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.
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
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
I'll also provide updates on our assetmanagement activities, our recent dividend declarations, our expectations for dividends going forward, our recent investment activities and current investment pipeline, and several other noteworthy updates. Ryan will discuss our NAV per share increase in more detail.
Investor preferences have shifted toward larger assetmanagers with diversified strategies or niche specialists, making fundraising more competitive. The firm also exited Italian frozen bakery business Forno dAsolo and sold a stake in IMA Industria Macchine Automatiche SpA to BDT & MSD Partners.
However, the most compelling driver of Bitcoin's future growth is likely tied to rising government debt and inflation. BlackRock , the largest assetmanager in the world, also highlighted this in a recent report , emphasizing that countries are taking on unprecedented levels of debt.
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 Motley Fool has positions in and recommends Brookfield AssetManagement, Brookfield Renewable, and NextEra Energy.
Limited partners in SCF II include both new and returning SCF I investors such as pension plans, insurance companies, family offices, and assetmanagers from the United States, Europe, Asia, and the Middle East.
That makes sense, given that the industry is heavily reliant on debt to fund asset purchases. trillion in assets under management. As an assetmanager, it earns a percentage fee for overseeing all of that money. So why is the stock price down roughly 30% from its 2020 highs?
BNP Paribas AssetManagement (BNPP AM) has held the first close of its BNP Paribas European Special Opportunities Debt Fund II (BNPP ESO II) at €90ms. This second vintage takes the form of a fund of debt funds, with capital drawdowns, a maturity of eight years, and a target size of €300m.
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.
Rowe Price is a large and well-respected assetmanager. Assetmanagement is an interesting business for several reasons. First, assetmanagers get paid fees to manage other peoples' money, which makes assets under management (AUM) a vital piece of information. trillion in AUM, up 12.1%
One of those people is none other than Larry Fink, billionaire chief executive officer of BlackRock , the world's largest assetmanager. It seems that, eventually, everyone changes their tune on Bitcoin (CRYPTO: BTC). In many respects, BlackRock's analysis echoes sentiments that Bitcoin advocates have asserted for years.
Morgan AssetManagement, a division of money-center bank JPMorgan Chase , released a report that compared the performance of publicly traded companies that didn't pay a dividend to those that initiated and grew their payouts between 1972 and 2012. million in common and preferred stock, it's predominantly a debt-focused BDC, with $1.01
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