Remove Bidding Remove Mergers and Acquisitions Remove Performance Fees
article thumbnail

Blackstone and CPP Investments Acquire AirTrunk From Macquarie and PSP Investments

Pension Pulse

Blackstone and CPP Investments beat out a consortium led by IFM Investors which also bid for AirTrunk, Reuters reported on Aug. The acquisition is Blackstone’s biggest-ever investment in the Asia-Pacific region, outweighing its A$8.9 The deal triggers a large performance fee for ASX-listed Macquarie Group, which manages the fund.

article thumbnail

A Conversation With John Graham on CPP Investments Fiscal 2023 Results

Pension Pulse

Management fees increased by $165 million, due to an increase in average assets managed by external fund managers. Performance fees decreased by $621 million driven by fewer realization events in the private equity portfolio given the low transaction activity through the year, partially offset by strong performance of hedge funds.