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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. The pensionfund oversees assets totaling JPY37.58tn (approximately $237.9bn).
The capital was raised from a global pool of investors, including insurance companies, pensionfunds, and family offices. AllianzGI noted that the strong investor response underscores the growing demand for private credit as an alternative to traditional bank financing, particularly as banks retreat from mid-market lending.
The fund focuses on real estate secondaries, acquiring stakes in mature funds, providing liquidity to limited partners, and recapitalising existing assets. Employee and limited partner commitments also contributed to the funds oversubscribed close. The fund, which exceeded its target, raised 1bn ($1.03bn) in total commitments.
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.
The firm is looking to extend its role beyond investing client capital to managing funds for private equity and alternative asset managers, according to Chief Financial Officer Martin Small. This move follows BlackRocks $30bn expansion into private credit, financial data, and infrastructure assets in 2023.
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. Other leading funds in Australia’s rapidly expanding AUD3.7tn pension industry are also showing an increased interest in private credit.
Investor demand for the fund was exceptionally strong, with Blue Sage securing backing from a diverse group of Limited Partners, including university endowments, charitable foundations, pensionfunds, large family offices, insurance firms, and high-net-worth individuals.
In recent years, it has stepped up its investment in health care, infrastructure, technology, mobility, clean energy and life sciences, and has teamed up with private equity companies, pensionfunds and other investors as it expands its portfolio of assets.
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.
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.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up In a separate report by German newspaper Boersenzeitung, Dutch Bank ABN Amro was also said to be nearing a deal for HSBC’s German wealth management unit, formerly known as Trinkaus & Burkhardt.
Derek Decloet and Christine Dobby of Bloomberg report Canada taps ex-BOC governor to examine how pensionfunds invest: Canada’s finance minister has asked former central bank governor Stephen Poloz to examine ways to entice its pensionfunds to invest more in the country. The government is also setting aside $4.1
It is how institutional investors, like pensionfunds, do it, normally using an asset allocation model. The dividend the REIT pays is so large that if you buy more shares of AGNC, the payment more than makes up for the price declines in the stock. AGNC data by YCharts. This isn't how income-focused investors do things.
Brosseau said the country’s national pensionfund, the Canada Pension Plan (CPP), has around two per cent of its capital invested in Canadian private and public equities, with the majority invested in other markets. But it cannot happen by accident, so this discussion that's going to occur is going to be quite important.”
billion) for a credit fund for Australia and New Zealand, as it seeks to capitalize on opportunities created by banks retreating from leveraged lending. The Ares Asia Direct Lending fund, the company’s first leveraged buyout vehicle for the region, has deployed over A$1.04 billion) for a credit fund for Australia and.
These include pensionfunds, retirement plans, sovereign wealth funds, and hedge funds, among others. But the list goes on and includes the likes of Morgan Stanley (the sixth-largest bank in the U.S.), Institutional investors are organizations that invest money on behalf of their clients.
Given the funding needs for financing data centers and energy transition, there’s room to grow to hit the $25 trillion mark, Michael Zawadzki, Blackstone Credit and Insurance’s global chief investment officer said Friday in an interview with Bloomberg Television. Read more BlackRock Unveils Climate Policies for $150bn in Funds BlackRock Inc.
Kevin Carmichael of The Logic reports Freeland eyes power of pensionfunds to lift Canadian economy: We’ve been conditioned to dismiss federal budgets and fiscal updates as political documents. The Government of Canada shouldn't be hinting at how or where Canada's large pensionfunds invest. Let's keep it that way.
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.
British banknote printer De La Rue is in discussions with private equity firm Disruptive Capital GP and pensionfund manager Pension SuperFund Capital, collectively known as PSFC Entities to sell up to 40% of its equity, according to a report by Reuters. The potential offer price of 1.25
Alternative asset managers 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.
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?
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.
While institutional investors, such as pensionfunds and insurance companies, have been a big growth driver for alternative asset managers over the years, retail investors will be a key catalyst in the future. Meanwhile, rental rates are rising sharply due to limited supply and robust demand for warehouse space.
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.
Blackstone's unique investment business Blackstone manages investments for big money managers, including pensionfunds and institutional investors, and its $1 trillion in AUM makes it one of the largest asset managers in the world. Here's why this news is a big deal.
However, the summit managed to attract many of the titans of private finance, with BlackRock CEO Larry Fink leading a group of Wall Street heavyweights who spanned the hedge fund industry, private equity and many of the world’s biggest banks. Hedge fund billionaire Ray Dalio has called Alterra a “wonderful template” for others to copy.
The CIO of Iceland's second largest pensionfund outlines the importance of diversification overseas – and the challenge of not being able to hedge inflation in the fund's liabilities because of limitations in the banking sector.
Question is: Can it become a one-stop shop for pensionfunds, endowments, insurers, and sovereign wealth funds eager for exposure to every major alternative-asset class — without diminishing its private credit franchise? Regulations are inconsistent between banks and nonbanks, and cost structures are different.”
The $23 billion pensionfund of the state of Geneva in Switzerland is favouring Japanese equities and seeking opportunities to acquire them when prices decline amid factors including attractive dividend yields, the monetary policy by the Japanese central bank and stable consumer habits.
Past investments in Italy include IMA Industria Macchine Automatiche, a designer and manufacturer of automatic packaging machines that was divested to US merchant bank BDT & MSD Partners, and Galbani, a cheese producer. Billion for Australia Private Credit Fund Ares Management Corp. billion) for a credit fund for Australia and.
The fund’s investor base includes a diverse range of leading institutional investors, including pensionfunds, insurance companies, family offices, and other strategic partners. Japan’s Sumitomo Mitsui Banking Corp. SMBC), Asian Infrastructure Investment Bank (AIIB), and.
The asset could attract investment funds 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 Investment Bank.
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. The trend continued with 95% in 2022 and 73% in 2021.
This year alone, Lazard has onboarded nine managing directors, including Adam Cady from Bank of America, to lead large-cap financial sponsor coverage in North America; and Ali Syed from Citigroup, to focus on sovereign wealth and pensionfunds.
The round saw participation from Glentra Capital alongside co-investors Novo Holdings and Denmark-based pensionfund PKA. The capital package also included a mandated corporate debt facility to be arranged by Santander and Deutsche Bank. energyRe, a Houston, TX- and NYC-based independent U.S. clean energy developer, raised $1.2
This year, the firm added nine managing directors, including Adam Cady from Bank of America, to lead large-cap financial sponsor coverage in North America, as well as former Citigroup banker Ali Syed, to focus on sovereign wealth funds and pensionfunds.
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.
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.
Predictability and transparency are fundamental to having impact as a global responsible investor, according to Wilhelm Mohn, the global head of governance at Norges Bank Investment Management, which manages Norway’s $1.43 trillion Government PensionFund Global.
It comprises 17 African shareholders—including sovereign wealth funds, development finance institutions, banks, pensionfunds, asset managers, and retirement agencies—and two international Institutional Investors. Other entities are expected to join this first transaction.
But the reality behind investing motives is likely more nuanced: Research compiled by a collection of non-governmental organizations looked at 150 pensionfunds, banks, and insurance groups around the world and listed 4,500 companies that were excluded from many portfolios.
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