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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 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.
Read more: [link] Balbec Capital closed its latest credit fund, Insolve Global Credit Fund VI, securing over $1.7bn in commitments, making it the firms largest fundraising cycle to date. read more Dallas-based Pearl Energy Investments closes fourth fund at $999.9m Can’t stop reading? reaching its.
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.
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.
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.
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.
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. Last month, ART opened an office in London, joining AustralianSuper and Aware Super’s expansion into the UK.
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.
The fund attracted both new and existing investors, including sovereign wealth funds, pensionfunds, insurance companies, consultants, and multi-family offices. The fund has already called 51% of capital commitments.
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.
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).
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.
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.
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.
According to a forecast by investment data company Prequin, global private capital assets under management will double by 2027 to $18.3 That plays right into the strategy of leading alternative assetmanager Blackstone (NYSE: BX) , which has developed several investment vehicles geared toward retail investors.
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. Last month, ART opened an office in London, joining AustralianSuper and Aware Super’s expansion into the UK.
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.
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.
James Hirai of Bloomberg reports Dutch pensionfunds send shockwaves through euro swap market: Dutch pensionfunds are plowing cash into long-dated swap contracts, according to strategists, upending one of this year’s most popular trades. The funds, by far the region’s largest with more than €1.5 in a client note.
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.
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
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.
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.
A $30 billion fund launched by the United Arab Emirates with the declared goal of funneling billions of dollars into climate finance is readying its next round of investments. and Brookfield AssetManagement Ltd. He declined to identify the money managers involved in the talks or specify when an announcement might come.
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.
Raised within four months from launch, the Fund closed at its hard cap exceeding its target ofEUR 1.4 The investor base comprises a diversified mix of institutional investors: public and private pensionfunds (c.41%); 41%); assetmanagers and advisers (c.26%);
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.
Despite conservative disdain for environmental, social and governance (ESG) initiatives -- or "woke" capitalism, as they call it -- one research project found climate change remains a chief concern when assetmanagers choose not to invest in portfolio companies, the Financial Time s reported.
Brookfield Renewable is run like an assetmanager The next important thing to understand here is that Brookfield Renewable is managed by Brookfield AssetManagement (NYSE: BAM). Brookfield Renewable is really a way for investors to invest alongside Brookfield AssetManagement.
HP IX has over 90 investors, primarily institutional and well diversified across pensionfunds, sovereign wealth funds, insurance companies, assetmanagers and family offices. Harvest and its affiliates have over $20 billion of assets under management.
Brookfield AssetManagement is set to up its target to $17bn for its second giant transition infrastructure fund, according to pensionfund documents seen by New Private Markets.
In the fund, existing foreign Limited Partners have been joined by new LPs, including the Saudi Arabia Public Investment Fund and Mubadala Investment Company from the Middle East, as well as Canadian pensionfunds. These alone have raised funds amounting to about 2 trillion won.
Top global assetmanagers including BlackRock are among investors in an Asia-focused infrastructure private equity fund that raised $800m, underscoring growing interest in the asset class amid market volatility. The Asia-managedfund says it has already deployed half the money raised in three platforms.
Mubadala Capital, the wholly owned alternative assetmanagement subsidiary of Mubadala Investment Company, has closed its fourth private equity fund, MIC Capital Partners IV (Fund IV), securing total commitments of $3.1bn, and surpassing its initial target of $2bn.
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