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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. 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. The company is currently owned by private equity giant KKR & Co.,
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. The transaction underscores growing demand for fund finance solutions as private markets continue to face liquidity constraints.
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.
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. The fund aims to generate net returns of 8% to 10% on an unlevered basis, with levered investments expected to deliver around 13%. reaching its.
Brookfield AssetManagement is targeting at least $7bn for its fourth infrastructure debtfund, 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.
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 New York State Teachers Retirement System (NYSTRS) committed $400m (£315.55m) to private debtfunds 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.
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.
AustralianSuper, the country’s biggest pensionfund, has upped its exposure to private debt for US mid-market companies by $1.5bn through an expanded partnership with Nuveen investment arm Churchill AssetManagement.
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. Like its earlier funds, Fund VI will… This content is for members only.
Boston-based CrossHarbor aims to deploy the new funds into high-yield debt and equity investment opportunities across all US property types. 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.
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. billion last year.
Graf remains cautiously optimistic about the deal pipeline, despite the difficulties encountered by firms including Silver Lake and Brookfield AssetManagement last year in completing transactions. The new fund comprises around A$850 million from investors and the balance in loans from Sumitomo Mitsui Banking Corp. billion ($1.7
But the deal is also a gamble, considering investors have worried about BCE’s ability to afford its dividend and pay down debt. The integration matters because investors tend to judge the riskiness of a company’s debt load by comparing it to annual cash flows: “This is a great trade, in sports terms,” Mr. Bibic said.
Pension plans and insurers have been piling into funds that invest in equity tranches of collateralized loan obligations in recent months, according to several assetmanagers who spoke on the condition of anonymity. Some money managers have exceeded expectations, helping stoke such interest in the product.
The system works exceptionally well, yet in the past year, we have seen increasing calls to change this model and use pensionfunds as a policy tool. The system works exceptionally well, yet in the past year, we have seen increasing calls to change this model and use pensionfunds as a policy tool.
A General Atlantic IPO would test investor sentiment toward alternative assetmanagers as the industry grapples with the end of the era of cheap debt that fueled easy dealmaking.
The first one you need to know about is a totally different company, Brookfield AssetManagement (NYSE: BAM). Brookfield AssetManagement is a large Canadian assetmanager that has a long history of investing in infrastructure assets on a global scale. Start Your Mornings Smarter!
Global alternative assetmanager Ares Management Corporation, has closed its latest private credit fund at $34bn, making its the largest private credit fund ever raised, and reflecting a of high level investor demand for the asset class.
Canada’s OMERS and Dutch pension investor APG have agreed to buy Netherlands-based energy infrastructure solutions firm Kenter, according to a draft announcement of the deal seen by Reuters and confirmed by the purchasers. OMERS, which has C$124.2 billion ($93.67
LS Power Group (LS Power), an investment manager focused on the North American power and energy infrastructure sector, has closed its latest fund, LS Power Equity Partners V, with total commitments of approximately $2.7bn, exceeding its $2.5 Fund V will invest in power and energy infrastructure assets, platforms, and companies.
With a debt-to-equity ratio of roughly 0.12 Essentially, during the lean times, it can take on debt to keep funding its business and dividend while it waits for better days. was created so that entities unable to invest in partnerships (like pensionfunds) could invest, broadening Brookfield Renewable's access to capital.
Entangled Capital SGR Dea Capital Alternative Funds SGR IBLA Capital Generali Investments Europe S.p.A. Italian Association of Private Equity, Venture Capital and Private Debt Sella Venture Partners SGR Investitori SGR HOPE S.B. SGR Alchimia Investments Sagard Equity Partners STYLE CAPITAL SGR S.p.A. Castik Capital Partners GmbH Inovo.vc
The transcript from this week’s, MiB: Elizabeth Burton, Goldman Sachs AssetManagement , is below. Elizabeth Burton is Goldman Sachs assetmanagement’s client investment strategist. Previously she was Chief Investment Officer at various state pensionfunds, including Maryland and Hawaii. Right, right.
trillion of assets under management supporting defined benefit and defined contribution plans, PGIM serves more than half of the world's 300 largest pensionfunds. These inflows reflect the net benefit from large episodic institutional pension plan activity. As a market leader with nearly $0.5
Arcmont AssetManagement has secured mandates totalling 475m for a new Impact Lending strategy from pensionassetmanager APG, and TIAA, one of the worlds largest institutional investors and a provider of retirement and financial services. Arcmont is owned by Nuveen Private Capital (NPC).
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. Unlike peers such as Apollo Global, EQT has avoided aggressive moves into credit investments, having exited its debt platform in 2020.
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
Leading investors in the recap included a Stonepeak managed vehicle anchored by Mercer and Aware Super, and direct investments from the Investment Management Corporation of Ontario (“IMCO”) and APG AssetManagement (“APG”).
Leading investors in the recap included a Stonepeak managed vehicle anchored by Mercer and Aware Super, and direct investments from the Investment Management Corporation of Ontario (“IMCO”) and APG AssetManagement (“APG”).
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.
Earlier today, I spoke with Peter Letko and Daniel Brosseau of LetkoBrosseau Global Investment Management to set the record straight on where they stand on Canadian pensionfunds investing more in Canada. It may seem appealing to encourage pensionfunds to invest more of our combined funds of over $2-trillion in Canada.
The 77-year-old billionaire told the Financial Times that big assetmanagers had competed aggressively to lend to the largest private equity groups as money poured into their coffers in 2020 and 2021, raising questions over the due diligence the funds conducted when they agreed to provide multibillion-dollar loans. “Now
Ishika Mookerjee and Sheryl Tian Tong Lee of Bloomberg report Quebec pension struggles to deploy $7 billion for energy transition: One of Canada’s biggest pensionfunds says it hasn’t been able to deploy the CAD 10 billion ($7.3 Not available on YouTube yet but you should watch this interesting discussion here.
But despite increasing concern about private equity tactics, over the past decade CPP Investments has shifted more and more of its assets into that investing category in search of high returns. If I were running a pensionfund, I would be very careful about what was being offered to me. That’s why assetmanagers like them.
The vehicle, which will acquire stakes in private equity and private credit funds from existing limited partners, underscores growing investor appetite for innovative fund finance solutions as liquidity remains constrained across private markets. The deal comes amid a broader acceleration in fund finance activity.
We deliver durable long-term investment performance by executing on alpha opportunities, sourcing unique deals, and managing risk. The foundation of a market-leading assetmanagement platform is comprehensive, high-quality investment products with strong long-term investment performance. Clients choose BlackRock for performance.
Denitsa Tsekova of Bloomberg reports a $300 billion pensionfund leads big-money charge back to bonds: When Christopher Ailman became the chief investment officer of the California State Teachers’ Retirement System back in 2000, one of every four dollars it oversaw was invested in government, corporate and mortgage debt.
Top multi-strategy, event driven hedge funds and large hedge fundmanagers As the name implies, these hedge funds invest across a wide variety of hedge fund strategies like L/S Equity, L/S credit, global macro, convertible arbitrage, risk arbitrage, volatility arbitrage, merger arbitrage, distressed debt and statistical pair trading.
billion, delivers customized and multi-asset solutions across public and private markets to clients in North America, Europe and Asia Fiera Capital stock has added 25.38 billion, delivers customized and multi-asset solutions across public and private markets to clients in North America, Europe and Asia Fiera Capital stock has added 25.38
China aims to raise another 1 trillion yuan via a separate special debt issuance to help local governments tackle their debt problems. Most of China's fiscal stimulus still goes into investment, but returns are dwindling and the spending has saddled local governments with $13 trillion in debt.
among technology exits Michael Burry’s Scion AssetManagement LLC exited positions in Oracle Corp. of its assets. Market neutral funds will engage in pair trading to remove market beta. Some are large assetmanagers that specialize in factor investing. Two Sigma Advisers LP tacked on Walmart Inc.
Almost $1 trillion of debt linked to commercial real estate will mature this year in the US, according to the Mortgage Bankers Association, and rising defaults as borrowers fail to repay will create more options for buyers of distressed assets. More regional bank failures are likely because of their property debt, according to Pimco.
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