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The oversubscribed fund attracted significant backing from both returning and new investors, highlighting strong demand for the middle-market private equity firms focused investment strategy. The success of the fundraise reflects continued investor confidence in Pamlicos disciplined approach to value creation.
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. Other investors who are sitting on a lot of cash may see this as an expensive way to get cash back.
Private credit’s edge over buyoutfunds has been evident in seven of the last 10 quarters, partly due to direct lenders’ floating-rate loans, which provide steady interest payments. In the second quarter, private debt saw returns of 2.18%, while buyouts posted 1.47%, according to State Street’s index.
Major private equity firms have faced significant obstacles in selling or listing their China-based portfolio companies in 2023, with Beijings tightening restrictions on IPOs and a decelerating economy having left foreign investors capital effectively trapped, according to a report by the Financial Times. Today, the sentiment has shifted.
Ultra-rich individuals and families worth more than $150bn are helping drive a resurgence in private equity buyouts, providing capital for some of the year’s biggest acquisitions to overcome a tough dealmaking environment. ASA in January with funding from Denmark’s Kirk Kristiansen dynasty, the owners of Lego Group.
According to a recent release, the fund raised in just four months and attracting a diverse range of investors from across Europe, the Americas, Asia, and the Middle East includes public and private pensionfunds, asset managers, sovereign wealth funds, family offices, and financial institutions, among its investor base.
New York-based private equity firm Harvest Partners (Harvest), has closed it latest buyoutfund, Harvest Partners IX and its parallel funds (HP IX) with $5.34bn in capital commitments, ahead of its $5.25bn target. Harvest and its affiliates have over $20 billion of assets under management.
Apollo is one of a number investors, both wealthy individuals and professional money managers, that have reached out in recent weeks to BDT & MSD Partners, the investment bank advising the Redstones, according to people familiar with the discussions. are both investors in Skydance. Apollo Global Management Inc. trillion ($965.47
The funds will focus on buyout and later-stage growth equity investments in middle market companies across Shamrock’s target sectors, seeking to capture Shamrock’s proprietary middle-market deal flow, thematic approach, and expertise, and value creation capabilities by utilising the same strategy Shamrock has implemented since 2001.
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.
LLR Partners has picked up more institutional investor backing for its seventh flagship fundraise, which is currently out targeting up to $2.25bn. The post LLR Partners picks up PennSERS backing for latest buyout fundraise appeared first on AltAssets Private Equity News.
The report cites unnamed sources familiar with the matter as saying that Paris-based Ardian, which has around $150 billion under management, is ultimately targeting $25 billion for the new fund.
Global buyout firm Apollo Global Management is building out a new team to target family offices as its looks to widen its fundraising efforts to include ultra-wealthy investors as well as institutions, according to a report by Bloomberg.
Chris Witkowsky of Buyouts reports Canadian giant PSP Investments shops $1 billion-plus portfolio: PSP investments is shopping a large portfolio of fund stakes that could total up to around $1.5 billion, according to sources and confirmed by the pension system in a statement to Buyouts. The system managed about C$264.9
Astorg has closed the Normec Continuation Fund, capitalised with €1.4bn by lead investors CVC Secondary Partners, Pantheon, Lexington Partners and Eurazeo, alongside sovereign wealth funds, pensionfunds, asset managers and family offices.
Ardian raises over $20bn for secondaries fund the Paris-based PE firm has set a target for the fund of $25bn French group Ardian has amassed more than $20bn to buy stakes in private equity funds from investors, highlighting a corner of finance that is defying the broader slump in fundraising.
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.
New Mexico State Investment Council, a $44bn-managing pensionfundinvestor, 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.
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.
Financial advisory and asset management major Lazard has brought in former Citigroup managing director Ali Syed to boost its coverage of sovereign wealth funds and pensions. The post Lazard brings in Citigroup’s Syed to lead sovereign wealth, pensionfund private capital advisory first appeared on AltAssets Private Equity News.
The fund, which attracted strong support from institutional investors in Europe (45%), the Americas (45%), and Asia (10%), significantly exceeds an initial €1.5bn target, and provides the firm with 80% more capital to deploy than its predecessor €985m Fund III.
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
Macy’s added that it had asked Jefferies, the financial advisor for the buyout group, for updates around Arkhouse and Brigade’s plans to fund the deal earlier this month, but “no additional information” was provided. Read more Canada’s Top PensionFunds Embark on Major Private Credit Expansion with C$1.3
In her new role, Sulaiman will be responsible for driving investment origination and execution, building and maintaining relationships with key intermediaries, PE managers, company management teams and peer investors, as well as monitoring existing investments within Europe. Suen also serves as Director at QIC European Investment Services.
The market for secondary sales of private equity (PE) stakes is experiencing unprecedented activity this year as investors look to exit ageing assets due to a cash crunch and a slowdown in dealmaking, according to a report by the Financial Times.
Earlier this year, Verdane successfully closed its mid-market growth buyoutfund Edda III at its €1.1bn hard cap, taking firm-wide assets under management to more than €8bn. Other investors in Idun II include global private and public pensionfunds, leading university endowments, foundations, insurance companies, and family offices.
The Bank of England (BoE) is intensifying its efforts to closely monitor risks in the non-bank financial sector, which includes private equity firms, hedge funds, and asset managers, according to a report by Institutional Investor.
The private equity consortium led by buyout giant CVC Capital Partners, alongside Nordic Capital and Platinum Ivy, poised to acquire Hargreaves Lansdown has expanded its roster of lenders backing the £5.4bn deal, accordong tome report by the Business Desk.
banker Richard Ong, is seeking to raise as much as $2bn for a new fund that focuses on private credit in Asia. The Singapore-based firm has received initial interest from North American pensionfunds totaling $500m ahead of the fund launch in January, according to a fund document seen by Bloomberg News.
Keensight Capital, a private equity manager dedicated to making European growth buyout investments with offices in Paris, London and Boston, has raised €2.8bn in funds to invest in companies operating in the technology and healthcare sectors.
Bloomberg reports OMERS hires partner of Temasek-backed fund as Global Head of Private Equity: The Ontario Municipal Employees Retirement System hired Alexander Fraser, a former partner of a Temasek-backed fund, as the global head of its private equity arm. OMERS Private Equity manages approximately C$27.5 through the end of 2024.
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. and committing $700 million to a private equity fund managed by EQT Private Capital Asia.
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. Source: Businesswire Can’t stop reading?
Fund III will continue Ara’s strategy of investing in the decarbonization of the industrial economy, the greatest source of carbon emissions globally. We look forward to collaborating with our world-class portfolio company management teams to generate strong returns for our investors in the coming years.” ” Mr.
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 Because, venture isn''t about the money.
According to Sinding, private equity firms now face a moment of strategic reckoning as institutional investors prioritise a smaller number of firms with proven, scalable capabilities. If you lack a succession plan, distinct advantages, or scale, investors may bypass you. There are powerful market forces at work,” Sinding said. “If
Data from the first half of the year from Invest Europe, the association representing Europe’s private equity, venture capital, and infrastructure sectors, as well as their investors, shows a drop in activity amid challenging economic and market conditions.
Hassana Investment Company, the investment manager of Saudi Arabia’s $320bn General Organization for Social Insurance (GOSI) pensionfund, is to allocate up to $500m in Brookfield Asset Management’s new Middle East-focused private equity fund.
The $14.8bn-managing Montana Board of Investments has picked a string of alternative asset funds for its latest tranche of commitments. Copenhagen Infrastructure Partners has received €75m for its fifth flagship fundraise according to investor documents for the pensionfund’s next board meeting.
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.
pensionfund manager sells $1-billion of private equity holdings to French buyout firm Ardian: British Columbia Investment Management Corp. is selling more than US$1-billion of stakes in private equity funds to French buyout firm Ardian SAS, tapping the secondaries market for private assets to free up cash for new investments.
HarbourVest has revealed Swedish government pensionfund AP7 as an $835m anchor investor in a new private equity fund. The post HarbourVest picks up AP7 $835m anchor investment for secondaries, co-invest PE vehicle first appeared on AltAssets Private Equity News.
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