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Earlier this year, Bain also made a take-private bid for Surgery Partners. For Bain Capital, the transaction aligns with its broader investment strategy in healthcare technology. The firm manages $185bn in assets and owns Zelis, a leading healthcare payments business. 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. Warren Spector, chairman of Balbec, highlighted the strong investor confidence in the firms approach, investment process, and analytics. Can`t stop reading?
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
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.
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
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.
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 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.
It even has an "outsourced chief investment officer" segment to handle defined benefit pensionfunds for clients. Because of the complexity of underwriting business risk insurance, companies will go through brokers like Marsh & McLennan to advise them on what kind of insurance they need and to bid it out to various underwriters.
The cornerstone investor of BInF II is the European Investment Fund (EIF). Investors contributing to the fund include EIF, Swedbank pensionfunds, SEB pensionfunds, LHV Pensionfunds and pensionfunds managed by Citadele group. “We Source: BaltCap Can’t stop reading?
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.
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.
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.
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 Canadian pensionfunds acquired Santanders stake in 2016, becoming equal owners. For KKR, a successful bid for Cubico would mark another significant move in its expanding renewable energy portfolio. Today, Cubico operates wind and solar farms across Europe, the Americas, and Australia, with a total capacity of 2.8
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.
With the ongoing growth of its platform, Vistara is now seeking to broaden its investor base by targeting pensionfunds and other institutional investors, and geographically by launching vehicles for both US and international investors. is weighing a bid for UK's Pension Insurance Corporation.
Fund III will continue Ara’s strategy of investing in the decarbonization of the industrial economy, the greatest source of carbon emissions globally. Rede Partners acted as placement agent, and Debevoise & Plimpton LLP served as legal counsel in the formation of Fund III. Source: CISION PR Newswire Can’t stop reading?
Investors in these new funds include a broad range of medical institutions, university endowments, foundations, pensionfunds, sovereign wealth funds and family offices. read more The post OrbiMed Raises $4.3bn for Latest Healthcare Investment Funds appeared first on Private Equity Insights.
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.
We are pleased with the continued expansion of our diverse investor base which includes a broad group of pensionfunds, sovereign wealth funds, financial institutions, endowments, and family offices from across the globe,” said Russell Cassella, Managing Partner. Houlihan Lokey Capital, Inc.
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. Whenever he approaches a U.S.
OHA manages approximately $61 billion of capital across credit strategies in pooled funds, collateralized loan obligations and single investor mandates as of June 30, 2023. Read more Blackstone and Reliance in $10bn Bidding War for Disney India Disney is nearing a deal to sell its India operations, which it values at around $10bn, to.
While it is never easy to raise a “blind pool” of capital, Mukul Gulati, president and chief investment officer of Zephyr Peacock India, says India is on everyone’s radar and pensionfunds and large endowment funds are sitting on a large pool of money.
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.
Bert also explains the main advantages IMCO and other large Canadian pensionfunds have, namely, large, stable capital inflows, ability to internalize asset management and use their size to negotiate lower fees, especially in private markets.
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.
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.” More than ever, Canada’s largest pensionfunds are being pressed to play the same role in the rest of the country.
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.
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. Most were on the fund's private equity team and were informed early last month, according to two of the people.
The success of this monetization plan should be part of the Harvard Business Review case study so other large pensionfunds and sovereign wealth funds can mimic it. million of its shares from the Caisse at a discount for proceeds of about $400-million, and the pensionfund sold nearly 2.9
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.
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. It's in this environment that these long-term funds thrive, something Andrew Coyne who is mesmerized by the S&P 500 making record gains doesn't seem to get.
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.
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.
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. 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.
The rules would have imposed new reporting requirements on the secretive funds in a bid to strengthen investor protection, shaking up an industry that has fiercely opposed stricter SEC oversight. The rules would give greater power to pensionfunds, endowments and other institutions in their dealings with the funds, the SEC says.
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