Private Equity Insights

AUGUST 30, 2024

The equity commitments follow the company’s recent debt refinancing announced in June and together will further euNetworks’ momentum as the company continues to scale and execute against its strategic priorities. Billion Loan for AirTrunk Bid Private equity firm Blackstone Inc. Billion US pipeline operator ONEOK Inc.

Legal 130

Legal Private Equity Firms Private Equity Firms Pension Funds 130

Pension Pulse

JANUARY 10, 2024

According to Preqin data, global Private Debt AUM has grown from just $310 billion in 2010 to an estimated $1.5 With this context as a backdrop, we chatted with Andrew Edgell, Senior Managing Director & Global Head of Credit Investments at CPP Investments about how he sees private debt faring in the credit cycle ahead.

Debt 59

Debt Investing Banks Private Equity Firms 59

Pension Pulse

MAY 21, 2024

Thames Water has been struggling under the weight of more than £18-billion ($31-billion) of debt that has become more expensive with high interest rates. OMERS is one of Canada’s largest pension fund managers, overseeing $129-billion of assets with investments in Canada, the United States, Europe and Asia.

Stakes 59

Stakes Pension Funds Debt Assets 59

Pension Pulse

JULY 10, 2024

Almost $1 trillion of debt linked to commercial real estate will mature this year in the US, according to the Mortgage Bankers Association, and rising defaults as borrowers fail to repay will create more options for buyers of distressed assets. More regional bank failures are likely because of their property debt, according to Pimco.

Pension Funds 59

Pension Funds Investing Banks Debt 59

Pension Pulse

AUGUST 24, 2023

A month ago, Eliyahu Kamisher of the Los Angels Times reported that CalPERS pension fund posts 5.8% gain, helped by stocks and private debt: CalPERS swung to a 5.8% gain in its latest fiscal year as the stock market rally and private debt buoyed the largest traditional public pension fund in the United States.

Pension Funds 52

Pension Funds Debt Assets Banks 52

Pension Pulse

DECEMBER 12, 2023

for many years in the hope of acquiring it one day, but the Audet family, which controls both entities, rebuffed its overtures — including a hostile bid in 2020. We’re tracking six months ahead on our deleveraging priorities and we’re committed to reducing our debt leverage ratio even further.” Rogers held large stakes in Cogeco Inc.

Stakes 59

Stakes Leveraging Bidding Debt 59

Pension Pulse

JULY 24, 2024

The success of this monetization plan should be part of the Harvard Business Review case study so other large pension funds and sovereign wealth funds can mimic it. billion debt financing facility to support the growth of AI hyperscaler CoreWeave. As at December 31, 2023, CDPQ’s net assets totalled CAD 434 billion.

Pension Funds 59

Pension Funds Buyout Stakes Finance 59

Pension Pulse

SEPTEMBER 30, 2024

Gillian Tan, Swetha Gopinath and Layan Odeh of Bloomberg report OMERS to stop making direct private equity investments in Europe: The Ontario Municipal Employees Retirement System will stop making direct private equity investments in Europe as the pension fund overhauls its operations there, according to people familiar with the matter.

Buyout 59

Buyout Pension Funds Investing Mergers and Acquisitions 59

The Motley Fool

FEBRUARY 6, 2024

The deal extends most of our debt maturities to 2029 and beyond, injects $1.325 billion of net new financing into the business and gives us access to a new approximately $1 billion revolving credit facility to support our operations. We do not have any required or planned discretionary pension fund contributions in 2024.

Taxes 130

Taxes Debt Leveraging Banks 130

Pension Pulse

AUGUST 28, 2024

CPP Investments, the public pension plan’s asset manager, has about $36 billion under management in Latin America, or about 5% of its global portfolio, in sectors from electric utilities and sanitation to real estate, telecoms and logistics. Are there risks?

Investing 59

Investing Pension Funds Bidding Stakes 59

Pension Pulse

MAY 17, 2024

Otherwise, recent US$ weakness caused by a net slowing in US growth momentum provides a bid under commodities. They include funds run by legendary investors like Warren Buffet, Seth Klarman, Ron Baron and Ken Fisher. They differ from traditional L/S hedge funds by having a more concentrated portfolio.

Hedge Funds 59

Hedge Funds Funds Asset Management Pension Funds 59

Pension Pulse

DECEMBER 18, 2023

BREIT”), Canada Pension Plan Investment Board (“CPP Investments”) through its subsidiary CPPIB Credit Investments III Inc., and funds affiliated with Rialto Capital (“Rialto”) today announced that they have entered into a newly formed joint venture with the Federal Deposit Insurance Corporation (“FDIC”) and acquired a 20% equity stake for $1.2

Stakes 59

Stakes Portfolios Investing Banks 59

Pension Pulse

JANUARY 24, 2024

The move follows a similar initiative by Ontario Teachers' Pension Fund, announced last June. As a global investment group managing funds for public pension and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. What about CDPQ Infra?

Pension Funds 59

Pension Funds Best Practices Leveraging Legal 59

Pension Pulse

MAY 30, 2023

As I highlighted, there are some markets that are still quite robust, the renewable energy and infrastructure space, but Office is in a price discovery mode for sure , trying to find a clearing price (bid-ask spread).

Portfolios 52

Portfolios Pension Funds Asset Management Assets 52

Pension Pulse

AUGUST 23, 2023

It is for this reason that Canadian pension giant BCI finds itself in a rather enviable position. billion) public pension fund has spent much of the past decade using the secondaries market to cultivate a comparatively liquid portfolio of illiquid assets. billion; €158.2 They cannot sell easily.

Pension Funds 40

Pension Funds Assets Debt Private Equity Firms 40

Pension Pulse

OCTOBER 27, 2023

Here are the top stories covering pensions and investments this week: 1) Jason Markusoff of CBC News reports that Ontario has concerns over Danielle Smith's CPP exit bid, but also a stark lesson for her: It may seem like a pile-on by now to Premier Danielle Smith and the United Conservatives. Here is what economists think.

Investing 59

Investing Finance Financing Pension Funds 59

The Big Picture

SEPTEMBER 23, 2024

Victor has had a fascinating career, stood up the distressed debt department at Citibank before doing the same thing at Merrill Lynch a few years later. They do everything from hard assets like real estate, infrastructure, aircraft, power plants, to private debt, event driven opportunities. 15 businesses with over 90,000 employees.

Debt 59

Debt Leveraging Banks Leveraged Buyouts 59

Pension Pulse

AUGUST 18, 2023

pic.twitter.com/T3JDqFb3H0 — Bespoke (@bespokeinvest) August 18, 2023 Now, a quick glimpse tells me the most shorted/ low quality stocks are getting clobbered this month and the most profitable/ high quality stocks are being bid up. They include funds run by legendary investors like Warren Buffet, Seth Klarman, Ron Baron and Ken Fisher.

Hedge Funds 52

Hedge Funds Funds Asset Management Assets 52

Pension Pulse

SEPTEMBER 10, 2024

Razak Musah Baba of IPE Real Assets reports OMERS to buy Allianz’s stake in Indian road infrastructure trust: Canadian pension fund OMERS is buying Allianz Capital Partners’ 13.5% stake in Interise Trust , increasing its ownership in the Indian road sector infrastructure trust to 34.8%.

Stakes 59

Stakes Assets Buyout Shareholders 59

Pension Pulse

MAY 24, 2023

In private credit, tightening credit conditions resulting from a handful of bank failures and rescues in the United States have opened up opportunities for non-bank players like pension funds, he said. So we kind of had headwinds and tailwinds in the portfolio, which is the point of diversification,” Graham said. per cent return.

Investing 52

Investing Stakes Pension Funds Assets 52

Pension Pulse

JUNE 20, 2023

Previously Andrew led the Americas Structured Credit and Financials team where he was responsible for investments in sub-investment grade structured credit and debt capital solutions for financial institutions, as well as the intellectual property investment strategy. Invested US$148 million in the senior secured notes of Auna S.A.A.,

Investing 52

Investing Leveraging Banks Debt 52

The Motley Fool

OCTOBER 31, 2023

Over the past 36 years, Burgiss has created greater private asset transparency while serving institutional investors such as pension funds, endowments, foundations, and family offices. They bid up the properties. You know, and therefore, we don't have a keen interest in increasing our debt -- our leverage at this point.

Assets 100

Assets Hedge Funds Capital Leveraging 100

The Big Picture

NOVEMBER 8, 2022

Our job was basically to give sort of strategic advice to Lazard clients, which would generate capital-raising mergers and debt financing. I remember once, one of my colleagues says that a friend, one of the French Lazard Frerers partners was asked by a sort of junior, “How much should we tell our client to bid?” CHANCELLOR: No.

Finance 59

Finance Financing Banks Hedge Funds 59

The Big Picture

SEPTEMBER 19, 2022

WENGER: It was a very, very lucky landing for Tumblr, because Yahoo really was the only bidder and they were bidding against themselves, but they didn’t really know that. What was that experience like now not as a president, but as an outside investor? Let me hang my hat at Union Square Ventures and focus solely on something else.”.

Venture Capital 122

Venture Capital Capital Startups Funds 122

The Big Picture

MARCH 5, 2024

For me, I sat mostly in their internal, really an internal hedge fund. They borrowed money at live bid at the time. Perhaps most famously you guys put on a CO bet, a collateralized debt obligation bet that was designed to do well if housing made some extreme moves and it was non-directional, it was hedged. Oh, really?

Capital 59

Capital Hedge Funds Banks Assets 59

The Big Picture

FEBRUARY 13, 2023

RITHOLTZ: You hit the bid before — RIEDER: Well, yes. Which is run by many insurance companies, pension funds who use Aladdin, and it’s a commercial enterprise for the firm. Didn’t it start as a bond shop, catering to pension funds and foundations? RIEDER: Yeah. RIEDER: It is. RIEDER: Right.

Hedge Funds 59

Hedge Funds Education Funds Banks 59

The Big Picture

JANUARY 24, 2023

They grew a business where they issued junk debt. So the initial idea of leveraged buyouts very high inflation really was financial engineering, truthfully, back in those days, because if you had 95 parts debt, and 5 parts equity, and 10 percent inflation, you know, you could triple your equity with no unit growth at all.

Leveraged Buyouts 105

Leveraged Buyouts Private Equity Firms Private Equity Firms Debt 105

The Motley Fool

APRIL 12, 2024

In March, we issued $3 billion of debt to fund a portion of the cash consideration for our planned acquisition of GIP. Ken, I do believe as an industry, the large pension funds that have an overallocation of private equity and the rotation of money in the private equity area has slowed down precipitously.

Performance Fees 130

Performance Fees Assets Shareholders Leveraging 130

Private Equity Insights

FEBRUARY 17, 2025

The latest bid, valuing Assura at 1.56bn, was unanimously rejected by the board on February 15, following three prior refusals. USS confirmed on February 17 that it will not be pursuing an independent offer or participating in any consortium bid.

Bidding 130

Bidding Private Equity Firms Private Equity Firms Pension Funds 130

Pension Pulse

NOVEMBER 25, 2024

In addition to BMW and Volkswagen AG , Northvolt’s top investors included Goldman Sachs’s asset management arm, Denmark’s biggest pension fund ATP, Baillie Gifford & Co. funds and a number of Swedish entities. What a mess, Northvolt's collapse has hit many investors, including Canadian pension funds.

Pension Funds 59

Pension Funds Funds Finance Financing 59

Pension Pulse

MARCH 24, 2025

This is compounded by the bid-ask spread for infrastructure assets remaining stubbornly wide, hampering M&A markets that once functioned with relative fluidity. Scrutinize your implementation models - direct, funds, co-investments, secondaries, debt, and even publicly traded infrastructure can all be attractive implementation tools.

Pension Funds 59

Pension Funds Assets Funds Capital 59

Pension Pulse

FEBRUARY 25, 2025

Nicolas Van Praet of the Globe and Mail reports pension giant Caisse strikes deal to acquire Innergex Renewable Energy: Canadian pension fund giant Caisse de dpt et placement du Qubec has struck a deal to buy Innergex Renewable Energy Inc. in a bid to leave the short-term view of stock market investors behind.

Pension Funds 59

Pension Funds Shareholders Legal Stakes 59

Pension Pulse

MARCH 3, 2025

Ralph Berg, chief investment officer at OMERS for nearly two years, brings a fresh perspective to pension fund management with a history and work pedigree different to what you might expect from a Canadian fund investment boss. Amanda White reports.

Buyout 52

Buyout Pension Funds Investing Assets 52

The Big Picture

NOVEMBER 25, 2024

So you mentioned private equity, we’re not gonna talk about private credit or private debt, but it’s the same sort of continuum that cliff do I say complaints about volatility laundering? 00:44:34 [Speaker Changed] Or at least lower their, their bid ass spread wide amounts of Yeah. 00:34:16 [Speaker Changed] No kidding.

Returns 59

Returns Mutual Funds Hedge Funds Leveraging 59

The Big Picture

OCTOBER 31, 2022

But throughout the entire emerging markets now, with the dollar so high, with interest rates going up, fear the debt — I mean, you’re getting — what is the average P/E? They’ve been raising prices, though debt prices are the same. RITHOLTZ: Bidding wars are over. 10 of the emerging markets? SIEGEL: Yeah.

Finance 59

Finance Financing Debt Banks 59

Pension Pulse

FEBRUARY 19, 2025

Three preselected consortiums submitted private bids last year outlining their plans to build and operate the proposed new passenger rail line. Each of the three bids was required to present two options: one using traditional passenger trains and a second option that includes at least some high-speed-rail segments.

Pension Funds 59

Pension Funds Bidding Finance Financing 59

Pension Pulse

FEBRUARY 11, 2025

I do think theres a path, he said, adding he believes pension involvement in Canadian airports could start almost immediately with investments in adjacent assets such as parking garages and freight services as well as new developments like sustainable aviation fuel facilities that arent core to the business of an airport.

Pension Funds 59

Pension Funds Hedge Funds Stakes Assets 59