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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 Asset Management. 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. Brookfield has a track record of investing in major pipeline assets worldwide.
Brookfield Asset Management 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. Read more here. Read more here.
Aviva Investors, the global asset management 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).
Six of Canada’s biggest pensionfunds managing C$1.3 billion) in assets have begun a major expansion into private credit, moving into an area previously dominated by banks. BCI’s private debt program grew 11% over six months to more than C$15 billion as of Dec. billion) in assets have. trillion ($965.47
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.
The New Hampshire Retirement System (NHRS) has approved two major commitments to alternative investments, totalling a combined $100m, as part of its ongoing strategy to diversify its portfolio, according to a report by Pensions & Investments. of NHRSs total assets, valued at $12.6bn. NHRS has an existing relationship Top Tier.
Pensionfund KPN is aiming to make an investment of between 5% and 7% of its €10bn assets in infrastructure, corporate and real estate debt by 2026, with half of that total going to impact investments – if the fund can identify suitable managers – according to a report by IPE.com.
Buyout firms have long relied on controversial loans backed by equity stakes to enhance fund returns, but growing investor criticism has triggered a slowdown, according to a report by Bloomberg UK. This shift partly reflects a rebalancing of power, enabling LPs in private equity funds, such as pensionfunds to exert influence over GPs.
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.
The report cites unnamed individuals familiar with the situation as revealing that the pensionfund, which oversees state pensions and other assets, aims to reduce its exposure to higher-yielding opportunistic credit strategies and shift focus towards more stable, mainstream direct lending.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up HBC said it will establish Saks Global, a combined entity of Saks Fifth Avenue, Neiman Marcus and other luxury retail and real estate assets. Read more BlackRock Unveils Climate Policies for $150bn in Funds BlackRock Inc.
Mubadala Investment Company , Abu Dhabi’s sovereign investment arm, has formed a strategic partnership with New York-based alternative asset manager Blue Owl Capital as it seeks to co-invest in private credit opportunities amid a tightening monetary environment around the world.
As of June 10, over half of the top 25 most valuable hedge funds in the United States were exposed to Bitcoin via the spot ETFs. Even the State of Wisconsin Investment Board, an agency managing the state's pensionfund , announced an investment in spot Bitcoin ETFs.
Infrastructure investment specialist Infranity has launched its commingled Enhanced Return Debt strategy which, together with co-investments, has already exceeded half of its target, reaching €1.585bn in capital commitments. In line with Infranity’s operating model capital deployment has been taking place at pace.
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 Asset Management.
Triton Debt Opportunities (TDO), the opportunistic credit arm of European investment firm Triton, has held the final close of its third fund (TDO III) in excess of its original €1bn fundraising target, and 40% larger than its predecessor fund, which closed at €744m in October 2020.
But the deal is also a gamble, considering investors have worried about BCE’s ability to afford its dividend and pay down debt. Ziply is currently owned by a group of private equity funds led by Searchlight Capital, and to fund its purchase, Montreal-based BCE will use $4.2-billion per-cent total return.
The private investment grade strategies like asset-backed finance and infrastructure credit are “really compelling” in today’s market, he said. The size of the asset-based finance market is about $5 trillion to $10 trillion, he said. tied to assets including microchips. Source: BNN Can’t stop reading?
Bain Capital Credit, the firm’s global credit business with $45bn in AUM, has closed its latest debt vehicle, Bain Capital Middle Market Credit 2022 (MMC 22), with commitments totalling more than $1bn, according to the Wall Street Journal. The firm’s predecessor fund, Bain Capital Middle Market Credit 2018, closed with $975m in 2019.
In fact, Annaly is most appropriate for institutional-level investors with a focus on asset allocation , as it provides exposure to the mortgage debt market. Insurance companies and pensionfunds are the types of investors that might appreciate this REIT.
Annaly is really designed to be owned by total return investors who focus on asset allocation (such as insurance companies and pensionfunds). And being so large, the investment-grade-rated company tends to have easier access to capital markets (on both the debt and equity sides). annual pace over the last 29 years.
Private debt and infrastructure are set to remain the preferred alternative asset classes among South Korean institutional investors for the second year running in 2024, according to a survey by The Korea Economic Daily. The 15 institutional investors, collectively managing more than KRW2.12qn ($1.59tn) in assets, with 20.7%
billion, including debt, people familiar with the matter said on Wednesday. KKR will own Varsity Brands through its Americas private equity fund, the sources said, requesting anonymity because the deal has not yet been announced. Read more BlackRock Unveils Climate Policies for $150bn in Funds BlackRock Inc.
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.
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. This has culminated in an announcement from Ottawa to explore ways to have pensionfunds invest more domestically. This outperformance aggregated to $4.2-billion
It has vaulted to the top rungs of the alternative-asset management 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. The attractions of sticking with private credit are obvious.
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) PensionFund, managing assets worth 1 trillion yen ($6.6 billion), is poised to increase investments in illiquid alternatives, including infrastructure private equity and debt aimed at maximizing returns.
That company came to be one of the fund’s crown jewels and the single biggest in its portfolio. But last year, Taylor took authority for most future real estate investments away from Cadillac Fairview and brought them in-house, just like the plan’s other asset classes.
Graf remains cautiously optimistic about the deal pipeline, despite the difficulties encountered by firms including Silver Lake and Brookfield Asset Management 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. and Citigroup Inc.
Pension plans and insurers have been piling into funds that invest in equity tranches of collateralized loan obligations in recent months, according to several asset managers who spoke on the condition of anonymity. billion in assets, said the attraction of low default rates for leveraged loans, estimated at 1.5%-2%
trillion of assets under management supporting defined benefit and defined contribution plans, PGIM serves more than half of the world's 300 largest pensionfunds. We maintain a AA rating, which reflects a healthy capital position, including more than $4 billion in highly liquid assets at the end of the third quarter.
The Louisiana Teachers’ Retirement System, which has $26.5bn in assets, has approved new commitments totalling $364m to private markets investment vehicles, according to a report by Pensions & Investments Online. As of 30 June, the pensionfund’s actual allocation to alternative assets and real estate stood at 48%.
Several US pensionfunds are preparing to significantly increase their allocations to private credit in the 2025 fiscal year, highlighting a growing interest in the sector among institutional investors, according to a report by Banking Exchange.
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.
European utility Engie has joined forces with Canada’s second-largest pensionfund to try to buy British power network Electricity North West (ENWL), according to two sources with knowledge of the matter. Buying ENWL could help Iberdrola connect areas that it already serves through its Scottish Power business.
Korea PensionFund to up private credit investments Submitted 29/08/2023 - 11:32am Government Employees Pension Service, one of South Korea’s major pensionfunds with around $6bn in assets is looking to up its allocations to alternative assets, including private credit and real estate, to boost returns, according to a report by Bloomberg.
The board of the California Public Employees’ Retirement System (Calpers), the largest US pensionfund, is has voted to up its exposure to private equity and private credit by a combined $34bn in a bet that riskier asset classes will generate higher returns than stocks, according to a report by Bloomberg.
Private credit firms are reportedly targeting the growing pools of capital from pensionfunds as well as wealthy individuals. In Latin America, private lenders see an opportunity to tap into growing wealth and offer a safer investment alternative to the region’s volatile domestic debt markets.
Apollo has reportedly contacted other domestic pensionfunds and cooperative associations alongside KIC. Korean institutional investors participated in Apollo’s buyout investments in 2016, with the National Pension Service (NPS) and KIC each contributing some 100bn won to Apollo’s acquisition of global security company ADT for $6.9bn.
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. Canadas largest pension notched a 3.8% two packaging companies.
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
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