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The report cites Nan Zhang, head of product implementation and alternative investment research at State Street, as noting that “private debt, especially floating-rate debt, typically benefits from rising interest rates,” and expects that private debt’s outperformance might diminish as the Fed continues with rate cuts.
The Fresno County Employees’ Retirement Association (FCERA) has approved $140m in new commitments to alternative investment funds during the fourth quarter of 2024, according to a report by Pension & Investments Online citing a letter from retirement investment officer Conor Hinds.
Buyout firms have long relied on controversial loans backed by equity stakes to enhance fund returns, but growing investor criticism has triggered a slowdown, according to a report by Bloomberg UK. This shift partly reflects a rebalancing of power, enabling LPs in private equity funds, such as pensionfunds to exert influence over GPs.
maker of sports uniforms and school yearbooks, from buyout firm Bain Capital for about $4.75 billion, including debt, people familiar with the matter said on Wednesday. KKR will own Varsity Brands through its Americas private equity fund, the sources said, requesting anonymity because the deal has not yet been announced.
billion) for a credit fund for Australia and New Zealand, as it seeks to capitalize on opportunities created by banks retreating from leveraged lending. The Ares Asia Direct Lending fund, the company’s first leveraged buyout vehicle for the region, has deployed over A$1.04 billion) for a credit fund for Australia and.
Billion for Australia Private Credit Fund Ares Management Corp. billion) for a credit fund for Australia and. read more Dutch PensionFund Divests $3B from Fossil Fuel Firms Dutch pensionfund PFZW has completed a $3.02 Read more Ares Raises $1.7 has raised A$2.6 billion ($1.7 billion (EUR 2.8
US pensionfund giant the New York State Common Retirement Fund has agreed a hefty $4.6bn of new alternatives fund commitments. The post NY State Common Retirement Fund commits $4.6bn across PE, credit, secondaries and RE appeared first on AltAssets Private Equity News.
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 buyoutfund Aircraft landing gear maker Héroux-Devtek Inc.
As global funds seek alternative markets for investments and fundraising due to restrictions in China, Korea is emerging as a focal point. According to industry sources on Sunday, KIC will allocate 200bn won to Apollo Global Management’s 10th buyoutfund. stake in Indian cancer.
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? Despite staying with private debt, Ares had no trouble keeping pace with the rest of the industry.
The Louisiana Teachers’ Retirement System, which has $26.5bn in assets, has approved new commitments totalling $364m to private markets investment vehicles, according to a report by Pensions & Investments Online. As of 30 June, the pensionfund’s actual allocation to alternative assets and real estate stood at 48%.
New Mexico State Investment Council, a $44bn-managing pensionfund investor, has picked private credit and a string of venture capital vehicles in its latest suite of fund commitments. The post New Mexico’s $44bn pensionfund unveils latest VC, credit fund commitments first appeared on AltAssets Private Equity News.
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.
Layan Odeh of Bloomberg reports CPPIB plows at least $5 billion into private equity in three months: Canada Pension Plan Investment Board poured at least $5 billion into private equity in the last three months of 2024 as the asset class regained appeal. 31, according to Bloomberg calculations. two packaging companies.
Ten years ago, I was an analyst for the General Motors pensionfund, working on fund investments into leveraged buyoutfunds and venture capital deals. I literally wrote the investment memo for GMs investment into Accel IX, otherwise known as the "Facebook Fund." (I
Unlike peers such as Apollo Global, EQT has avoided aggressive moves into credit investments, having exited its debt platform in 2020. Sinding envisions EQT potentially handling buyouts between $30bn and $50bn as midsized or family-owned companies remain private, positioning for global growth while partnering with EQT.
Pensionfund managment major the New Jersey Division of Investment as picked out CVC Capital and Bain Capital vehicles among its latest suite of fund commitments. The post CVC, Bain Capital funds get New Jersey pension backing amid $875m of new commitments first appeared on AltAssets Private Equity News.
A higher cost of debt and slower economic growth have created a tough investing environment, pushing down the value of some private assets that pensionfunds own. Private credit has been one of the best-performing asset classes for some large pensionfunds in recent years, often earning double-digit percentage gains.
Paula Sambo of Bloomberg reports Canada pensionfund's credit head wants to take advantage of leveraged buyout boom: Canada’s largest pensionfund plans to nearly double the size of its credit holdings over the next five years, and it’s counting on an upturn in leveraged buyouts to generate some of that growth.
The Los Angeles Fire & Police Pensions has revealed $225m of new alternative assets commitments across buyout, credit and real estate. The post Platinum, CenterOak among firms picking up LA Fire & Police pension commitments appeared first on AltAssets Private Equity News.
Whereas Kleinman went in hard with his warning that “everything is not going to be okay” for buyout firms, Stavros joined in with the concession that his industry may have gotten “too creative” lately. When buyout groups do look to sell, PIKs, NAV loans and other kinds of excess baggage are creating obstacles. “It
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.
In late 2022, the system explored a sale of its PE fund stakes that was reported to be worth more than $1 billion, before ultimately deciding to hold off as markets deteriorated and pricing outlook appeared bleak, as affiliate title Buyouts reported at the time. billion to an investor group led by Goldman Sachs in 2018.
Pensionfund giant CalPERS has revealed $8.4bn of new alternative assets commitments to firms including Ares Management, CVC and PSG. The post Here’s how CalPERS committed another $8.4bn of alternatives capital first appeared on AltAssets Private Equity News.
In late 2022, the system explored a sale of its PE fund stakes that was reported to be worth more than $1 billion, before ultimately deciding to hold off as markets deteriorated and pricing outlook appeared bleak, as affiliate title Buyouts reported at the time. The worst thing that can happen at a pensionfund is to miss a vintage.”
Pensionfund major the New Mexico State Investment Council has revealed three new alternative asset fund investments totalling $460m. The post Here’s which private investment funds the $50bn-managing New Mexico SIC just backed first appeared on AltAssets Private Equity News.
Paulina Pielichata of Pensions & Investments reports CDPQ works to pump $11.2 billion into European private markets: Canadian pensionfund Caisse de depot et placement du Quebec has recently moved into its new London headquarters as it is working to deploy C$15 billion ($11.2 billion) in private markets across Europe.
A month ago, Eliyahu Kamisher of the Los Angels Times reported that CalPERS pensionfund 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 pensionfund in the United States.
The Canada Pension Plan Investment Board , for example, which invests on behalf of the Canada Pension Plan , sold a diversified portfolio of limited partnership fund interests in mostly North American and European buyoutfunds to French private investment house Ardian for around $2 billion on Nov.
The $49.7bn-managing Texas County & District Retirement System has picked a pair of private equity and credit funds for its latest alternatives investments. The post Texas County & District picks OrbiMed, Linden Capital for latest alts commitments appeared first on AltAssets Private Equity News.
Created in the 1990s to manage Norway’s oil and gas revenues abroad, the fund is the world’s biggest single owner of equities. It’s been a really tough market for real estate generally, and debt levels have been pretty large,” Chief Executive Officer Nicolai Tangen told reporters in Oslo.
Reading the interview with Scott Chan above, you'd think CalSTRS was a Canadian pensionfund, part of the Maple 8. It makes no sense to be a forced seller when markets get hit hard when you're a long-term pensionfund so by adopting this, they can mitigate risk like risk of selling at the wrong time.
Pension giant the Florida State Board of Administration has reportedly made more than $200m of new private equity and credit fund commitments. The post Florida SBA said to commit more than $200m to PE, credit funds – ICG picks up lion’s share appeared first on AltAssets Private Equity News.
Operational Highlights Corporate developments Ranked first among the world’s leading public pensionfunds by Global SWF when measuring annualized returns between fiscal years 2013 and 2022 (Global SWF Data Platform, December 2023). and funds affiliated with Rialto Capital and acquired a 20% equity stake for US$1.2
Ian Bickis of The Canadian Press reports CPP Investments earned 8 per cent in latest fiscal year, net assets rose to $632 billion: Canada's biggest pensionfund earned an eight per cent return last year, but significantly underperformed the 19.9 and funds affiliated with Rialto Capital and acquired a 20% equity stake for US$1.2
Razak Musah Baba of IPE Real Assets reports OMERS to buy Allianz’s stake in Indian road infrastructure trust: Canadian pensionfund 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%.
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.
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 pensionfunds, he said. So we kind of had headwinds and tailwinds in the portfolio, which is the point of diversification,” Graham said. per cent return.
It is for this reason that Canadian pension giant BCI finds itself in a rather enviable position. billion) public pensionfund has spent much of the past decade using the secondaries market to cultivate a comparatively liquid portfolio of illiquid assets. billion; €158.2 Asia-Pacific represented 9.7 They cannot sell easily.
The $259bn-managing New York State Common Retirement Fund has revealed $1.1bn of new alternative fund investments. The post New York pension giant makes more than $1.1bn of alternatives fund commitments first appeared on AltAssets Private Equity News.
The $267bn-managing New York State Common Retirement Fund has revealed another clutch of significant alternative investment commitments worth $2.1bn. The post Infra investor Copenhagen the big winner as NY pension giant unveils $2.1bn first appeared on AltAssets Private Equity News.
The A$342bn ($288bn) AustralianSuper, Australia's largest superannuation fund, has expanded its Americas operation through five senior appointments and the relocation of its head of private credit to New York.
The $144bn-managing New York State Teachers Retirement System has picked Sterling Group and Crestline among almost $1bn of new alternatives fund commitments. The post NYSTRS pension picks Sterling Group, Crestline among $900m alts commitments first appeared on AltAssets Private Equity News.
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