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PE rethinks NAV loans as investors push back

Private Equity Wire

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. Many firms borrowed against their portfolio companies to sustain the private market boom while dealmaking dwindled.

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Advent to buy Ryan Reynolds-backed fintech Nuvei in $6.3 bn deal

Private Equity Insights

Private equity firm Advent International has agreed to buy Canada’s Nuvei NVEI.TO The deal, valued at $34 per share, will take Nuvei private almost four years after the company was listed on the Toronto Stock Exchange. The buyout of Nuvei, which has a market capitalization of nearly $4.42

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CPP Investments Plows Into Private Equity in Fiscal Q3 2025

Pension Pulse

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. billion 10-year net return of 9.2%

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CDPQ's Head of PE on Vintage Year Diversification and Managing Liquidity

Pension Pulse

Moving into 2023, he set a goal of reducing the pension’s PE allocation to 18 percent within three years, primarily by selling companies and exiting fund stakes via the secondaries market. These professionals had been trained to spot top private companies and PE funds, rather than to sell their investments.

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How CDPQ Used the Secondaries Market to Address Overallocation

Pension Pulse

Moving into 2023, he set a goal of reducing the pension’s PE allocation to 18 percent within three years, primarily by selling companies and exiting fund stakes via the secondaries market. These professionals had been trained to spot top private companies and PE funds, rather than to sell their investments.

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Canadian LPs Selling PE Stakes in Higher-For-Longer Environment

Pension Pulse

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 buyout funds to French private investment house Ardian for around $2 billion on Nov.

Stakes 59
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Transcript: Michael Fisch

The Big Picture

But there came to be, in certain situations, buyers that were bootstrap, buyers that were, we would call ’em today, they then leveraged buyout financiers. And now we call it the private equity industry. Did you see like what was the fixed rate world like on the private side when things were dirt cheap? Sold a ton of it.