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The firm is looking to extend its role beyond investing client capital to managingfunds for privateequity and alternative assetmanagers, according to Chief Financial Officer Martin Small. Can`t stop reading?
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.
Enlightenment Capital, a privateequityfirm specialising in Aerospace, Defence, Government, and Technology (ADG&T), has held the final close of its fifth investment fund, which was oversubscribed, with $825m in capital commitments. The capital raised marks a 50% increase from its previous fund.
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.
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.
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.
TA Associates, a leading global privateequityfirm, announced the completion of fundraising for its latest flagship fund, TA XV, with total limited partner commitments at its hard cap of $16.5bn. Launched in late November 2022, TA XV was oversubscribed and exceeded its initial target size.
New York-based privateequityfirm Harvest Partners (Harvest), has closed it latest buyout fund, 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.
The Ares Asia Direct Lending fund, the company’s first leveraged buyout vehicle for the region, has deployed over A$1.04 as it was delisted by privateequityfirm TPG Inc.; Allegro Funds as it acquired fuel retailer Gull New Zealand; and BGH Capital’s payments platform Pushpay, the firm said. has raised A$2.6
Lone View Capital, an LA-based privateequityfirm investing in the technology sector, has held final close of its inaugural fund, Lone View Capital Fund I with total committed capital of $850m, bringing the firm’s AUM to approximately $1.1bn. Kirkland & Ellis served as legal counsel for Fund I.
RRJ Capital, the privateequityfirm founded by former Goldman Sachs Group Inc. banker Richard Ong, is seeking to raise as much as $2bn for a new fund that focuses on private credit in Asia. The firm is seeking at least $1.25bn and may raise another $750m, capping the fund size at $2bn, the document shows.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up Meanwhile, Michael Dell’s family office partnered with Silver Lake on the biggest privateequity buyout this year, a $13 billion deal for talent agency Endeavor Group Holdings Inc.
Lazard has appointed Guggenheim Securities banker Courtney Haydon as a Managing Director in a move to bolster its privateequity and alternative assetmanagement dealmaking efforts, according to a report by Reuters. At Guggenheim, Haydon served as Senior Managing Director in financial sponsor investment banking.
Top global assetmanagers including BlackRock are among investors in an Asia-focused infrastructure privateequityfund 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.
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 privateequity. Apollo Global Management, and KKR.
APG, which conducts investments on behalf of Dutch pensionfund giant ABP, confirmed the acquisition in a joint press statement with OMERS but did not disclose financial terms. billion) in assets under management according to its website, has been active in investing in energy transition assets in the last few years.
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.
Epiris, a privateequityfirm that targets control positions in UK-headquartered businesses with an enterprise value of between £75m and £500m, has held the final close of Epiris Fund III with total capital commitments of £1.044bn.
Blackstone (NYSE: BX) recently reached a huge milestone when it surpassed over $1 trillion in assets under management ( AUM ) in the second quarter. It became the first global alternative assetmanager to hit that level and will add another notch to its belt when it joins the S&P 500 index later this month.
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. Other major privateequityfirms, such as TPG and CVC, have taken similar steps, listing shares to enable growth through diversification, which has bolstered their asset totals.
Australia’s largest pensionfund AustralianSuper intends to nearly double its privateequityassets 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.
It comprises 17 African shareholders—including sovereign wealth funds, development finance institutions, banks, pensionfunds, assetmanagers, and retirement agencies—and two international Institutional Investors. Other entities are expected to join this first transaction.
Investors in the Fund, which were a mix of numerous new investors as well as existing New Mountain Net Lease investors, include pensionfunds, insurance companies, assetmanagers, endowments, family offices and high net worth individuals. billion rupees.
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 privateequityfund.
The Bank of England (BoE) is intensifying its efforts to closely monitor risks in the non-bank financial sector, which includes privateequityfirms, hedge funds, and assetmanagers, according to a report by Institutional Investor.
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”). Billion Loan for AirTrunk Bid Privateequityfirm Blackstone Inc.
You just might want to follow the assetmanagers. Before we move on and talk about residential, and I wanted to turn it to you because one of my weird investing theses is follow the assetmanagers, follow a Blackstone or a KKR. 2020 hit the pandemic, they were one of the worst performing asset classes.
Turnspire Capital Partners, a NYC-based privateequityfirm, closed Turnspire Value Fund II, L.P. , at $275m in capital commitments. at $275M appeared first on FinSMEs.
Layan Odeh of Bloomberg reports CPPIB plows at least $5 billion into privateequity in three months: Canada Pension Plan Investment Board poured at least $5 billion into privateequity in the last three months of 2024 as the asset class regained appeal. 31, according to Bloomberg calculations.
CenterGate Capital closes Fund II at over $375m Submitted 25/07/2023 - 11:21am CenterGate Capital (CenterGate), an Austin, Texas-based lower middle market privateequityfirm, has held the final closing of CenterGate Capital Partners II (Fund II) in excess of its original target with over $375m of capital capital commitments.
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.
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.
Since 2021, the regulator has pushed the sector to improve how it values assets that range from venture capital to office blocks. Regulators are pushing privateequityfirms to do a better job when it comes to valuing their assets. million Norweigans benefit from the Government PensionFund.
Neil Callanan of Bloomberg reports distressed commercial property buyers see ‘exceptional bargains’: Distressed investors see one of the best opportunities in a generation to buy troubled US real estate assets as the commercial property crash continues to roil the market. Privateequityfirms are already positioning to take advantage.
Sarah Rundell of Top1000Funds recently interviewed Suyi Kim, Global Head of PrivateEquity at CPP Investments to go over what drives success at their giant PE portfolio: Suyi Kim, global head of privateequity at CPP Investments manages quite possibly the largest privateequity allocation in the world.
Low De Wei of Bloomberg News reports BlackRock, Aimco Back $800 Million Asia Infrastructure Fund: An Asia-focused infrastructure fund has raised $800 million from investors including fundsmanaged by BlackRock Inc. and pensionmanager Alberta Investment Management Corp., KKR & Co. raised about $5.7
At present, a capital increase that would dilute the PE firms and help pay down the PIK is seen as the most likely option, although the backers haven’t started formally exploring any particular exit route. Apex Group, a provider of services to assetmanagers, has just refinanced a slug of debt with a $1.1
Swetha Gopinath of Bloomberg reports Ontario Teachers' Pension Plan to co-own financial advisor Max Matthiessen: Ontario Teachers’ Pension Plan (OTPP) agreed to acquire a co-control stake in Stockholm-based financial advisor Max Matthiessen from privateequityfirm Nordic Capital Ltd. www.nordiccapital.com.
Alright, Bert Clark wrote an excellent overview of 2023 from IMCO's perspective, highlighting why proper diversification across public and private markets helped the organization withstand the shock over the past two years where stocks and bonds got hurt (until mid-October where long bonds rallied hard).
is shaking up the top ranks of management, creating a new global product strategy group led by Stephen Cohen that will latch onto the global growth of exchange-traded funds and combine active and index strategies. billion bet on infrastructure: BlackRock's ( BLK ) plan to buy privateequityfirm Global Infrastructure Partners is a $12.5
The statement, sent exclusively to the National Post , marks the first time Poilievre has explicitly addressed the issue of Alberta’s proposal to withdraw from the Canada Pension Plan (CPP) and set up its own pensionfund. My take: This is a great deal for BCI and Searchlight, a privateequityfirm BCI seeded.
He is the Chief Investment Officer of Asset and Wealth Management at Goldman Sachs. He’s a member of the management committee. He co-chairs a number of the assetmanagement investment committees. He covers PE, infrastructure, growth, equity, credit, real estate, on and on. It tends to be quite sticky.
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