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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.
The firm is looking to extend its role beyond investing client capital to managing funds for privateequity 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.
British banknote printer De La Rue is in discussions with privateequityfirm 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
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.
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.
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.
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 privateequity companies, pensionfunds and other investors as it expands its portfolio of assets.
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.
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.
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 as it was delisted by privateequityfirm TPG Inc.;
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.
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: PrivateEquity Wire Can’t stop reading?
The privateequityfirm is working with an adviser to sell as much as a 30% stake in Think Gas, said the people, who asked not to be identified as the information is private. The asset could attract investment funds and pensionfunds, the people said.
BC Partners, a London-based privateequityfirm with over $40bn in AUM, has agreed to sell Forno d’Asolo Group, an Italian manufacturer and distributor of frozen bakery products valued at €1.1bn ($1.2bn), to a Investindustrial, a European mid-market privateequityfirm, and Sammontana, an ice cream manufacturer.
As part of its investment plan, Vantage’s strategic land bank is expected to drive an estimated $30 billion of additional development. billion investment from pensionfund Australian Super. The move to look to equity investments differs from data centre rival DigitalRealty’s approach.
This new hire is part of Lazard’s broader initiative to enhance its business with privateequityfirms. At Guggenheim, Haydon served as Senior Managing Director in financial sponsor investment banking. At Guggenheim, Haydon served as Senior Managing Director in financial sponsor investment banking.
In April, Morgan Stanley’s infrastructure arm agreed to buy Milan-listed construction firm Salcef Group SpA with the Salciccia family, who have controlled it for decades. The shift is catching the eye of major investment banks. Darren Allaway, a London-based managing director in Goldman Sachs Group Inc.’s
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. What sets Blackstone apart from competitors is its investing style.
Alto Partners, an Italian mid-market privateequityfirm, has closed its latest fund, Alto Capital V, at €273m, notching a 30% increase over its predecessor, Alto Capital IV, which closed at €210m. It utilises both buyout and selected expansion investments, with the equity ticket ranging from €20m to €40m.
Speaking to PEI, Teisseire noted “a general interest across platforms, both privateequity and private debt”, though the firm’s focus in the short term would most likely be on the latter. There is currently no set headcount target for the new North Asia branch.
The Asia-managed fund says it has already deployed half the money raised in three platforms. Read more BlackRock Backs Seraya Partners’ $800m Asia-Focused Infrastructure Fund Top global asset managers including BlackRock are among investors in an Asia-focused. is said to be nearing a deal to buy a stake in Cotiviti Inc.
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.
Singapore- and New Delhi-based privateequityfirm Quadria Capital has marked the first close of its third investment vehicle. “We are on track to reach our final target for this fund, which puts us in good stead to execute our strategy and capitalise on a rich pipeline of opportunities.”
Yet, like its peers, Ares feels compelled to diversify into other asset classes, such as real estate, infrastructure, and privateequity. The attractions of sticking with private credit are obvious. And whenever possible, the firm prefers borrowers that are previous clients with problem-free repayment records.
Privateequityfirm Renovus Capital Partners (Renovus) has held the final close of its fourth privateequityfund Renovus Capital Partners IV Core Buyout, which was significantly oversubscribed with total capital commitments of $875m.
Since inception in 2015, Vistara has raised over $500m, primarily from non-institutional sources such as family offices, entrepreneurs, and private foundations, predominantly based in British Columbia. read more Apollo Set to Make $6.26bn Bid for UK’s Pension Insurance Corporation Privateequityfirm Apollo Global (APO.N)
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 asset managers, according to a report by Institutional Investor. Results from this stress-testing exercise are expected by year-end.
I think the impact that it's going to have on a lot of banks, especially regional, smaller banks who have a lot of office loans on their books. Banks aren't in the business of owning and managing office real estate. They can't recycle capital in the same way a privateequityfirm can or raise new capital.
Yukon Partners, a Minneapolis, Boston, and West Palm Beach based privateequityfirm, closed Yukon Capital Partners V, L.P., and its associated parallel funds with total commitments of $765.2m.
We are thrilled to be entering into this partnership, on behalf of our pensionfund client ABP and Asset Owner Partners, and we are eager to work closely with the euNetworks team as they continue to develop and further their strategic vision.” Billion Loan for AirTrunk Bid Privateequityfirm Blackstone Inc.
” The raise announced today comprises committed capital investments in energyRe LLC from Glentra Capital alongside co-investors Novo Holdings and Denmark -based pensionfund PKA. The capital package also includes a mandated corporate debt facility to be arranged by Santander and Deutsche Bank.
Historically, small business owners had two main options: attract investors–or approach banks for loans. However, the lending landscape has shifted and a growing number of small business owners are exploring an alternative source of capital: private credit. Private credit refers to loans provided by non-bank institutions to businesses.
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.
The Economist World Ahead 2023 predicted: “Major economies will go into recession as central banks raise interest rates to stifle inflation, an after-effect of the pandemic since inflamed by high energy prices.” A recession is foretold; central banks are on course to overtighten policy as they seek to tame inflation.”
Investment banks were not really a known concept in the area where I grew up. I lined up a bunch of job interviews with a variety of banks. So I got to know banks a little bit. So I interviewed with a bunch of banks, got a number of job offers by the end of the week, and joined Goldman Sachs in October 1998.
Central banks across the world continue to communicate the need to maintain restrictive monetary policy to achieve their inflation targets and that has had serious implications for the prevailing economic environment. Also, supply is cyclical and there will come a point where the bid-ask spread narrows and PE firms start to transact again.
They’re one of the older privateequityfirms around, been been in business since 1994. 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 investment banks. How did those experiences lead to a career in privateequity?
00:15:57 [Speaker Changed] The firm was built on finding white spaces. And so I remember back, back in 2005 when we first started, you know, we think about the banks. The banks would have an equity trading desk and they’d have a debt desk, right? And so the pensionfunds are faced with this illiquidity problem.
Read more Canada’s Top PensionFunds Embark on Major Private Credit Expansion with C$1.3 Trillion in Assets Six of Canada's biggest pensionfunds managing C$1.3 read more The post Private-equityfirm Sycamore Partners mulling Macy’s takeover bid appeared first on PrivateEquity Insights.
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 investment bank advising the Redstones, according to people familiar with the discussions. Privateequityfirms RedBird Capital Partners and KKR & Co.
In addition to insurance clients, pensionfunds and other LPs see the value we're creating in private credit, and there's been a strong response to our product offerings. We'll go next to Craig Siegenthaler with Bank of America. Craig Siegenthaler -- Bank of America Merrill Lynch -- Analyst Good morning, everyone.
Global pensionfunds have continued to ramp up their privateequity investments in 2024, with the 20 largest funds globally allocating a combined $707.6bn to the asset class so far this year, according to a report by Banking Exchange.
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.
BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, I have an extra special guest, his name is Steve Klinsky, and he has an absolutely storied history in the field of privateequity. It was between corporate law and investment banking. Well, there were only 20 privateequityfirms in the world in 1984.
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