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Since then, it has funded bolt-on acquisitions including Wellframe and Altruista Health to expand the business. Earlier this year, Bain also made a take-private bid for Surgery Partners. Blackstone acquired HealthEdge in 2020 for $700m at the height of pandemic-driven investment in healthcare. Can`t stop reading?
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 fund attracted both new and existing investors, including sovereign wealth funds, pensionfunds, insurance companies, consultants, and multi-family offices. The previous iteration of the fund closed in 2022 with over $1.5bn in commitments. The fund has already called 51% of capital commitments.
Private-equity group Sycamore Partners is considering a potential bid to purchase department store chain Macy’s (NYSE:M), according to a report in the New York Post. billion take private bid from investing firm Arkhouse and hedge fund Brigade earlier this month. The report comes after Macy’s rejected a $5.8 trillion ($965.47
The Chicago Teachers’ PensionFund (CTPF), the oldest public retirement scheme in Illinois, is planning to makes its first foray into the booming private credit market with an initial allocation of up to $350m, according to a report by Bloomberg. Chicago Teachers’ is the latest pension to join those flocking to the $1.6
Origin Energy’s largest shareholder AustralianSuper said on Thursday it will vote against a latest revised $10.6bn takeover bid from a Brookfield-led consortium, reiterating its view that the offer is “substantially below” its estimate of the power producer’s long-term value. Under the new terms, the A$9.43
is weighing a bid for UK’s Pension Insurance Corporation (PIC) in a deal that could value the company at about $6.26bn, Sky News reported on Wednesday. A potential acquisition of PIC by Apollo Global would likely be met with some scrutiny from regulators and pensionfund trustees.
European utility Engie has joined forces with Canada’s second-largest pensionfund to try to buy British power network Electricity North West (ENWL), according to two sources with knowledge of the matter. Read more South Korea’s Hahn & Co raises $3.4bn for new buyout fund Aircraft landing gear maker Héroux-Devtek Inc.
The SEC has suffered a major setback in its bid to increase oversight of the private equity and venture capital industry after a US appeals court threw out a new rule requiring managers to provide investors with fees and expenses each quarter. ” He said in a statement.
BaltCap, the largest private equity fund manager in the Baltics, held the first closing of its €200m target BaltCap Infrastructure Fund II (BInF II). The fund is an Article 9 fund under the EU Sustainable Finance Disclosure Regulation. The cornerstone investor of BInF II is the European Investment Fund (EIF).
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.
The Bloomberg report added that HSBC is working with Bank of America Corp on the potential divestment of INKA, its German fund administration business. Read more BlackRock Unveils Climate Policies for $150bn in Funds BlackRock Inc. is singling out funds with combined assets of $150bn for an extra screen designed.
The Menlo Park, California-based firm with offices in Miami, New York and Sao Paulo, tapped pensionfunds, hospital systems, foundations, endowments, fund of funds, insurance companies and family offices among other investors, according to a statement. The funding winter may. The funding winter may.
average annualized total return, according to data from Ned Davis Research and Hartford Funds. It even has an "outsourced chief investment officer" segment to handle defined benefit pensionfunds for clients. Over the past 50 years, the average dividend-paying stock in the S&P 500 has delivered a 9.2% That's above the 3.3%
OrbiMed, a global healthcare investment firm, is pleased to announce it has raised more than $4.3bn in commitments for its latest private investment funds, including OrbiMed Private Investments IX, OrbiMed Asia Partners V and OrbiMed Royalty & Credit Opportunities IV. Source: CISION PR Newswire Can’t stop reading?
The New York State Teachers Retirement System (NYSTRS) committed $400m (£315.55m) to private debt funds between October and December last year. The pensionfund allocated $300m to the OIC Credit Opportunities IV fund, while the remaining $100m was committed to the Peninsula VIII, according to publicly available documents.
The Firm has concluded a successful fundraising for Ara Fund III (“Fund III” or the “Fund”), closing on $2.8bn of limited partner commitments, alongside dedicated limited partner co-investment vehicles. Ara has total assets under management of approximately $5.6bn. ” Mr. . ” Mr.
Vistara Growth (“Vistara”) today announced an initial closing at over $150m for Vistara Technology Growth Fund V LP (“Fund V”) towards its target of $400m. With its Fund V target raise, Vistara expects to be strategically positioned to invest in 18-24 companies across North America at $10-$30m per investment.
Revelstoke Capital Partners, a Denver-based private equity firm with $5.8bn of assets under management, announced today that it has completed the successful fundraising for Revelstoke Capital Partners Fund III, and various affiliated investment vehicles totalling $1.7bn. RCP Fund III substantially surpassed its target of $1bn.
The pensionfund is close to finalizing the sale of some of its Europe-focused investments and is in the middle of negotiations to reduce some of its US positions, one of the people said, who asked not to be identified due to the confidentiality of the matter. The pensionfund held C$28.3 from the prior fiscal year.
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 private equity giant KKR and top Canadian pensionfund Canada Pension Plan Investment Board ( CPPIB) have launched a $465 million block deal in Indus Towers as both investors eye an exit from the leading telecom tower company, multiple industry sources in the know told Moneycontrol. In 2017, Bharti Airtel sold a 10.3
The report cites unnamed sources familiar with the matter as revealing that the sale process, which was initiated by Cubicos owners Canadas Public Sector Pension Investment Board (PSP) and the Ontario Teachers Pension Plan (OTPP) has also attracted interest from Italian energy conglomerate Enel, as well as other infrastructure investors and funds.
KKR has had its 1.56bn bid for British healthcare property developer Assura rejected. The offer, made in partnership with UK-based pensionfund Universities Superannuation Scheme, is the latest of four indicative, non-binding proposals from KKR.
The group has announced it has secured financing commitments from four additional lenders – Korea Investment, KDB Asia, Sona Asset Management, and Canadian pensionfund The Public Sector Pension Board.
billion bid and Ottawa has said Glencore would face rigorous scrutiny. Canada's large pensionfunds 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.
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? The attractions of sticking with private credit are obvious. “The Whenever he approaches a U.S.
Oak Hill Advisors (“OHA”) served as a Lead Arranger for the unitranche financing to fund Bain Capital Private Equity’s (“Bain Capital”) acquisition of Harrington Industrial Plastics (“Harrington”) from Nautic Partners. Source: CISION PR Newswire Source: Bain Capital Can’t stop reading?
Zephyr Peacock India looks to raise $200m in the midst of funding winter. The funding winter may not be anywhere near over, but global investors are still interested in India’s private markets. Global funds are sitting on dry powder that can easily run into tens of billions of dollars.
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 Private equity firm Blackstone Inc. million members.
Research by CEM Benchmarking shows that costs can play as big a role in returns as active management, particularly for smaller funds. This was one of the reasons four smaller funds (OC Transpo, OCWA, the PBGF and Tarion) joined IMCO in 2023.
Business Wire reports that Norway's sovereign fund tops global transparency ranking: TORONTO — Norway’s sovereign wealth fund, Government PensionFund Global, has topped the list of the most transparent funds according to the Global Pension Transparency Benchmark’s 2023 findings.
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 pensionfund that is the most invested, in the world, in its local economy.” We must take into account the size of the fund, the size of the Quebec economy. a decade ago to 20.3%
UK's Nest pension scheme to ramp up PE allocations Submitted 21/08/2023 - 12:19pm The National Employment Savings Trust (Nest), one of the UK's largest workplace pension schemes, is planning to boost its allocation to private equity investments in a bid to improve long-term returns, according to a report by the Telegraph.
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.
Carly Wanna and Carmen Reinicke of Bloomberg report hedge funds pump up exposure to Nvidia, cut AMD: Hedge funds continued to lean into the biggest technology companies leading the way in artificial intelligence as the hype propelled the US stock market higher in the first quarter of the year. and Microsoft Corp. according to the data.
At C$146 billion, equivalent to a quarter of the entire C$575 billion pensionfund for some 21 million Canadians and forecast to grow bigger every year, Kim leads a program that is also heading into unchartered territory. On the funds side, because commitments are drawn down over the years trying to time the market isn’t an issue.
“A federal appeals court on Wednesday struck down a sweeping overhaul of rules governing private equity firms and hedge funds, a big win for Wall Street groups pushing back against SEC Chair Gary Gensler’s agenda.” Today, POLITICO published an article highlighting the 5 th U.S.
billion; €6 billion) in liquidity last year, including roughly C$6 billion from selling direct investments and receiving dividend recapitalisations, and around C$3 billion from selling private equity fund stakes in the secondaries market, head of PE Martin Longchamps tells affiliate title Private Equity International.
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 pensionfund overhauls its operations there, according to people familiar with the matter.
That risks dragging values in Europe and Asia down further, or leaving some markets stuck in stasis as sellers and lenders refuse to cave to super-lowball bids. Higher borrowing costs mean private equity players are “seeing a sharp decline in fund raising and transactions.” And this isn't just a US problem.
A month ago, Eliyahu Kamisher of the Los Angels Times reported that CalPERS pensionfund posts 5.8% gain in its latest fiscal year as the stock market rally and private debt buoyed the largest traditional public pensionfund in the United States. pensionfund, has yet to release its fiscal 2023 results.
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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