Private Equity Wire

OCTOBER 1, 2024

The group has announced it has secured financing commitments from four additional lenders – Korea Investment, KDB Asia, Sona Asset Management, and Canadian pension fund The Public Sector Pension Board.

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Pension Pulse

NOVEMBER 13, 2023

James Hirai of Bloomberg reports Dutch pension funds send shockwaves through euro swap market: Dutch pension funds 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.

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Pension Pulse

MAY 16, 2023

billion bid and Ottawa has said Glencore would face rigorous scrutiny. Canada's large pension funds are globally known investors, managing more than $1 trillion of savings, but their exposure to domestic equities has steadily declined over the past decade since Canadian equity markets represent just 3% of the global equity market.

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Private Equity Insights

MARCH 17, 2023

Question is: Can it become a one-stop shop for pension funds, endowments, insurers, and sovereign wealth funds eager for exposure to every major alternative-asset class — without diminishing its private credit franchise? The attractions of sticking with private credit are obvious. Whenever he approaches a U.S.

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Pension Funds Buyout Leveraged Buyouts Asset Management 130

Private Equity Insights

AUGUST 30, 2024

We are thrilled to be entering into this partnership, on behalf of our pension fund 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 Private equity firm Blackstone Inc.

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Legal Private Equity Firms Private Equity Firms Pension Funds 130

Pension Pulse

DECEMBER 20, 2023

The unsubsidized, levelized cost of renewable power continues to outcompete fossil fuel generation in most jurisdictions, even after significant increases in capital and financing costs. IMCO still have a large exposure to public equities and stocks, which hurt it last year as the Fund lost 8.1%. million in 2022.

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Pension Pulse

MAY 23, 2024

But what’s even more relevant, he says, is that with $88 billion now invested in a province with a GDP of nearly $500 billion, “the Caisse is the pension fund that is the most invested, in the world, in its local economy.” Seated at Emond’s left elbow, a powerful ally—Quebec Finance Minister Eric Girard—comes to the Caisse’s defence.

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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. I can't say I'm surprised.

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Pension Funds Buyout Stakes Finance 59

Pension Pulse

MAY 21, 2024

Consequently, no shareholders provided further funding to Thames Water and the value of OMERS Thames Water investment has now been written off,” said James Thompson, a spokesperson for OMERS Infrastructure, in an e-mailed statement Friday. OMERS owns about 32 per cent of Thames Water’s parent company, Kemble Water Finance Ltd.,

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Pension Pulse

APRIL 24, 2024

Jenny Wiggins of the Australian Financial Review also reports Plenary Group sells 49% stake to sovereign wealth fund ADQ in $1b deal: Founders and some executives of infrastructure investor Plenary Group will receive a cash windfall after the Australian group sold a 49 per cent stake to Abu Dhabi sovereign wealth fund ADQ in a $1 billion deal.

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Stakes Pension Funds Bidding Shareholders 59

Pension Pulse

JULY 10, 2024

Compared with the Savings & Loans crisis and 2008, we’re still in the first or second innings” when it comes to troubled assets, said Rebel Cole, a finance professor at Florida Atlantic University who also advises Oaktree Capital Management. There’s a tsunami coming and the waters are pulling out from the beach.”

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Pension Pulse

OCTOBER 13, 2023

Anyway, let me get on to covering this week in pensions. First, Shahir Gindo wrote a special to the Globe and Mail on why Canadian pensions funds should invest more in domestic assets to boost the economy. I want to confront the topical complaint that pension funds allocate something like 4% of our capital to domestic stocks.

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Pension Pulse

JULY 27, 2023

As part of the agreement, FDJ, which is the operator of the French National Lottery, will purchase the shares from Ontario Teachers' Pension Plan, An Post, and An Post Pension Fund. PLI was awarded a 20 year contract to operate the National Lottery by the Irish Government back in 2014.

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Pension Funds Bidding Stakes Best Practices 52

Pension Pulse

AUGUST 24, 2023

A month ago, Eliyahu Kamisher of the Los Angels Times reported that CalPERS pension fund posts 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 fund, has yet to release its fiscal 2023 results.

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Pension Funds Debt Assets Banks 52

Pension Pulse

JULY 18, 2023

Business Wire reports that Norway's sovereign fund tops global transparency ranking: TORONTO — Norway’s sovereign wealth fund, Government Pension Fund Global, has topped the list of the most transparent funds according to the Global Pension Transparency Benchmark’s 2023 findings.

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Pension Funds Funds Banks Assets 52

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.

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Pension Pulse

JANUARY 24, 2024

The corporate services teams support the investment groups' activities in areas including finance, operations, digital technology, human resources, legal affairs, communications and risk management. The move follows a similar initiative by Ontario Teachers' Pension Fund, announced last June.

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Pension Funds Best Practices Leveraging Legal 59

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. Do it yourself.

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Investing Finance Financing Pension Funds 59

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% Below, unravel the mysteries behind toll-based financing, the growth of toll revenues reaching ₹48,028 crore in 2022-23, and the projected ₹1.3

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Stakes Assets Buyout Shareholders 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).

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Portfolios Pension Funds Asset Management Assets 52

Pension Pulse

DECEMBER 18, 2023

(“BREIT”), Canada Pension Plan Investment Board (“CPP Investments”) through its subsidiary CPPIB Credit Investments III Inc., The FDIC is maintaining an 80% ownership stake in the venture and provided financing equal to 50% of the venture’s value. billion in the venture which holds a $16.8 BREIT), a U.S.

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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.

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Pension Pulse

SEPTEMBER 5, 2023

An information memorandum on a potential sale was circulated earlier in the year, and by late August, four firms were left in the bidding process, a person close to the situation told Private Equity News' sister title Financial News. The deal values the UK wealth manager at roughly £450m, according to a source familiar with the situation.

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Stakes Asset Management Assets Financial Services 59

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.

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Pension Funds Assets Debt Private Equity Firms 40

The Big Picture

NOVEMBER 8, 2022

His latest book could not be more timely, “The Price of Time: The Real Story of Interest,” it’s all about the history of interest rates, money lending, investing speculation, funded by banks and loans and credit. According to Chancellor, interest is the single most important feature of finance, both ancient and modern.

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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. So, therefore, you know, on the last piece of this thing is financing. We are delevering.

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Assets Hedge Funds Capital Leveraging 100

The Motley Fool

APRIL 12, 2024

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. Operator Thank you. We'll go -- Larry Fink -- Chairman and Chief Executive Officer Let me just add, operator, to Ken's question. We're the No.

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Performance Fees Assets Shareholders Leveraging 130

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.

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Investing Stakes Pension Funds Assets 52

The Motley Fool

SEPTEMBER 17, 2023

They said, hey, if you're involved, chill the auction and no one wants to bid, and so you can't even show up. Their structures are built by their customers who are the limited partners by and large mostly its pension funds. It's not actually created by the private equity firms, it's created upstream by the pension funds.

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Due Diligence Mergers and Acquisitions Capital Public Companies 130

Pension Pulse

JUNE 20, 2023

He started his career with KPMG on the Financial Institutions industry team, followed by eight years in the Corporate Finance group advising mid-market companies on M&A and financings. Prior to joining CPP Investments in 2008, Andrew worked for Fortress Investment Group investing in credit opportunities. Committed INR 18.5

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Investing Leveraging Banks Debt 52

The Big Picture

MARCH 5, 2024

I graduated economics with, with a lot of coursework in accounting and finance. For me, I sat mostly in their internal, really an internal hedge fund. They borrowed money at live bid at the time. So it, it really has and, and pension funds, they’re on hold today. So I switched to be an economics major.

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Capital Hedge Funds Banks Assets 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.”.

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Venture Capital Capital Startups Funds 122

The Big Picture

FEBRUARY 13, 2023

You graduate Emory University with a degree in finance. RITHOLTZ: You hit the bid before — RIEDER: Well, yes. No, I’m — RITHOLTZ: You beat me by an hour, RIEDER: You know, I think, I would say to young people who come into the business, you know, why are you coming into finance? You get an MBA from Wharton.

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Hedge Funds Education Funds Banks 59

The Big Picture

SEPTEMBER 23, 2024

So, is it, is it safe to say finance was always in the career plans? 00:02:24 [Speaker Changed] Finance and business was always in the career plans. Whatever you can get for it, hit the bid. And infrastructure today is bought by sovereign funds, big pension funds with a view that it is very steady.

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Debt Leveraging Banks Leveraged Buyouts 59

Pension Pulse

MARCH 8, 2024

On Wednesday, more than 90 chief executive officers at some of the country’s largest companies signed an open letter that urges federal and provincial finance ministers to “amend the rules governing pension funds to encourage them to invest in Canada.” And on Thursday, Ms. That compares with a 7.4-per-cent

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Pension Funds Funds Finance Financing 59

The Big Picture

SEPTEMBER 10, 2024

We have institutional clients, we have retail clients, we have, you know, pension funds, we have endowments. Now what we did trade well was our defensiveness and our quality bid, staying away from small caps. So I would say the challenge of having those roles is that our institutional clients are much shorter term.

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Companies Pension Funds Hedge Funds Assets 64

The Big Picture

JANUARY 24, 2023

When we’re talking about a structure of a financing and their senior mezzanine and junk, essentially, that’s the payout order in the event of a bankruptcy. And one thing I tried to say is that private equity has evolved from a form of finance into a form of business. I’ve been in private equity for 40 years now.

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