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AP Pension has invested in a Morgan Stanley fund that aims to reduce carbon emissions by 1GT ahead of 2050. Danish pensionfund AP Pension has invested in the Morgan Stanley 1 Gigaton fund, which aims to remove one gigaton of CO2-equivalent emissions from the Earth’s atmosphere by 2050.
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 asset management division. Source: Private Equity Wire Can’t stop reading?
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 asset management division, according to a report by Bloomberg.
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 asset manager to hit that level and will add another notch to its belt when it joins the S&P 500 index later this month.
Apollo is one of a number investors, both wealthy individuals and professional money managers, that have reached out in recent weeks to BDT & MSD Partners, the investmentbank advising the Redstones, according to people familiar with the discussions. Trillion in Assets Six of Canada's biggest pensionfunds managing C$1.3
The asset could attract investmentfunds and pensionfunds, the people said. Read more India’s Lok Capital seeks $200m for Fund IV, gets AIIB support Indian impact investor Lok Capital has secured USD 25m from Asian Infrastructure InvestmentBank.
Top global asset managers 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-managed fund says it has already deployed half the money raised in three platforms.
Hahn & Company, a private equity fund operator, has attracted about 1 trillion won ($749 bn) in institutional funds for its first domestic funding. These alone have raised funds amounting to about 2 trillion won. The investment size from securities firms is also at the level of 100bn won.
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.
US institutional investors are offloading their private equity holdings at slashed prices, reflecting a broader trend of reducing exposure to the illiquid asset class, with pensionfunds and endowments leading the charge, according to a report by the Financial Times.
Goldman Sachs Asset Management closed its purchase of Norwegian e-learning platform Kahoot! ASA in January with funding from Denmark’s Kirk Kristiansen dynasty, the owners of Lego Group. The shift is catching the eye of major investmentbanks. Darren Allaway, a London-based managing director in Goldman Sachs Group Inc.’s
Lazard has appointed Guggenheim Securities banker Courtney Haydon as a Managing Director in a move to bolster its private equity and alternative asset management dealmaking efforts, according to a report by Reuters. At Guggenheim, Haydon served as Senior Managing Director in financial sponsor investmentbanking.
Lazard has recruited Courtney Haydon from Guggenheim Securities as Managing Director to enhance its private equity and alternative asset management dealmaking capabilities, according to a report by Reuters. At Guggenheim, Haydon was a senior managing director specialising in financial sponsor investmentbanking.
Over the past decade investors increased their allocation to less liquid private market assets, including buyout funds and real estate, in the hunt for higher returns. The trend turbocharged the growth of secondary funds that offer the likes of pensionfunds the chance to exit such investments early if they need to.
It had received commitments from both existing and new investors that include institutional investors, insurance and pensionfunds, development finance institutions and family offices across the US, Europe and Asia-Pacific, it said. IFC committed about $40m to the new fund, with a co-investment sleeve of up to $30m.
Carlyle initially acquired Cogentrix from Goldman Sachs in 2012 for an undisclosed sum and has since doubled the company’s assets by purchasing new power plants and expanding its operations. We will continue to be very active in those areas through our existing portfolio companies, as well as new investments that we make.”
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OHA sourced this transaction through its strategic direct lending partnership with BMO Capital Markets (“BMO”), which includes over $1bn to invest in jointly originated senior secured private credit assets.
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.
It’s late April, and Emond is appearing at a hearing at Quebec’s National Assembly, where parliamentarians are zeroing in on a perceived dilution of the share of assets the Caisse de dépôt et placement du Québec has invested at home, from 26.1% a decade ago to 20.3% What’s important is the Caisse is a partner to the Quebec economy.”
He is the Chief Investment Officer of Asset and Wealth Management at Goldman Sachs. He co-chairs a number of the asset management investment committees. trillion in assets under supervision. I thought this was an absolutely fascinating way to see the world of investment management. And I think you will also.
Mr. Hill will join OMERS in September, the public pensionfund announced Wednesday, and report to Ralph Berg, who took over as the chief investment officer in April. He also spent 25 years in investmentbanking at Japanese dealer Nomura Securities, German lender Deutsche Bank AG and U.S.-based
It is not monolithic and includes such varied enterprises as pensionfundinvestment managers such as AIMCo , insurance companies, investmentbanks, broker dealers, hedge funds, mortgage investment companies – and still others. The fund has ballooned to $50.7 over the three years.
James Bradshaw of the Globe and Mail reports OMERS reports steady gains at mid-year mark in shift to bonds, credit: Ontario Municipal Employees Retirement System relied on steady returns from private assets, tailwinds from strong stock markets and a resilient U.S. dollar assets, which boosted its overall investment return by 1.7
James Bradshaw of the Globe and Mail reports Ontario Teachers’ Pension Plan chief investment officer to depart at the end of December: Ontario Teachers’ Pension Plan chief investment officer Ziad Hindo is leaving the pensionfund manager at the end of the year after five years in the role.
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 funds managed by BlackRock Inc. and pension manager Alberta Investment Management Corp., amid renewed interest in the asset class.
Operationally, we delivered our highest Q1 recurring sales in analytics in a decade at $14 million, our best-ever Q1 of recurring sales among hedge funds at nearly $11 million, and another quarter of double-digit subscription run rate growth of 11% among asset owners, driven by index and analytics.
And now that this one is over everyone can go back to worrying about what’s going to cause the next bear market. ( A Wealth of Common Sense ) • Family Offices Are Patiently Watching These Asset Classes for Opportunities : Real estate and private debt are among the investments these asset owners are eyeing.
Crane was most recently a senior managing director, responsible for overseeing and managing infrastructure and natural resources investments for the pensionfund in the Asia-Pacific region. According to the pensionfund, it currently has more than 85 employees in the region. He holds a B.S. He holds a B.S.
A broader worry is that while buyers’ hunger may be back for higher-quality companies, as shown by the uptick in investment-banking activity on Wall Street, the books of PE firms are stuffed with less attractive businesses snapped up at inflated prices. estimates private-market assets were $13.1 McKinsey and Co.
The company is still in talks with its shareholders about raising as much as £1 billion in fresh funds following a £500 million injection agreed last year. Its largest shareholder is Canadian pensionfund Ontario Municipal Employees Retirement System (Omers), which holds a nearly 32 per cent stake. What happened to Bentley?
Last year, Ontario Municipal Employees Retirement System (OMERS) hired investmentbanks to find a new owner for Toronto-based LifeLabs , according to four sources familiar with the sales process. Two of the sources said OMERS picked New York-based Evercore Group LLC to run the process and also brought in a Canadian bank.
Shortly after The Great Recession began unraveling in 2008, many people feared insurance companies would suffer the same fate as investmentbanks like Lehman Brothers, Bear Sterns, Wachovia and Washington Mutual. After all, no one could have predicted those banks would fail, either. Lockheed Martin offloads $4.9 3, 2021 [link].
Megacap tech stocks tumbled as investors dumped risk assets amid mounting worries about the health of the U.S. “The market’s oscillating between this idea of is bad news bad news, or is bad news good news, and the sense that it may revive hopes that the Fed moves more aggressively than markets anticipate.” Amazon slid 3.7%
They do everything from hard assets like real estate, infrastructure, aircraft, power plants, to private debt, event driven opportunities. Europe accounts for anywhere between a third and a half of their investments. That whole distressed debt department at city 00:06:31 [Speaker Changed] Banks are wanting to sell?
They run over $27 billion in, in assets. And that was very important because when this was the dawning of what is now a big analyst program across the country in all banks and investmentbanks. There was no m and a departments in any investmentbank really until the very late seventies.
And now we, you know, we’re just shy of $145 billion of assets on the management across the entire credit curve. Not its asset management, its brokerage piece. GREW: So, I got a call and this one was ultimately from a recruiter who’s working for Lehman Brothers, an investmentbank, a bond house. But the roots are deep.
Mike Wilson has been with Morgan Stanley since 1989, rising up through the ranks of institutional sales, trading, investing, banking to eventually becoming Chief Investment Officer and Chief US Equity Strategist. So I was really investmentbanking. What was that experience like? What was your trading career like?
And so for the longest time, I actually thought that my unconventional background, I wasn’t an Ivy League student, I didn’t train at an investmentbank, I wasn’t working for a hedge fund, I started my career as a bank teller. I think the China EV, I think BYD would be a key asset to own this decade.
Mathieu Chabran is the co-founder of TIKEHAU Capital, a Paris-based alternative asset manager. They run over $40 billion worth of assets. I found this to be really a fascinating conversation about approaching the world of investing from a different angle. I joined, effectively, Deutsche Bank. We were 28, 30 respectively.
It was between corporate law and investmentbanking. KLINSKY: But I also just finished being the chairman of the private equity industry, something called the American Investment Council. KKR was the biggest with $400 million of assets and eight people. RITHOLTZ: What other lines of investment do you focus on?
The transcript from this week’s, MiB: Ken Kencel, Churchill Asset Management , is below. BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, I have an extra special guest, Ken Kencel of Churchill Asset Management, CEO, Founder, President. This is really a fascinating story. Ken Kencel, welcome to Bloomberg.
They run over $135 billion in assets. David is on the global investment committee. I was actually running the InvestmentBanking Club at BYU, and you know, thought I was interested in that, interested in going to Wall Street. And I went to pitch this asset management guy on why he should come be a part of that process.
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