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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. Pamlico targets equity investments between $50m and $200m in high-growth companies across North America.
Private credit returns have recently outpaced private equity, as shown by State Street data from the second quarter, but this advantage may soon wane with the Federal Reserve’s shift toward easing monetary policy, according to a report by Bloomberg.
This has left significant amounts of capital locked in China, with uncertain prospects for future returns. The difficulties in exiting investments have made some institutional investors, including pensionfunds, more cautious about allocating capital to the region.
Buyout firms have long relied on controversial loans backed by equity stakes to enhance fundreturns, 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.
Blue Sage raised Fund IV without a placement agent and limited the fund’s size to maintain its focus on lower-middle market investments, despite strong limited partner interest generated within just a few months of fundraising. Kirkland & Ellis provided legal services to Blue Sage on the Fund IV fundraise.
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
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.
The Paris-based company has raised the money for a secondary fund that profits from institutional investors who sometimes have to sell stakes in private equity funds early. Typically, buyoutfunds lock up investors’ money for more than a decade.
Sarah Rundell of Top1000Funds reports UN pensionfund slashes equity and pushes into impact and venture: The United Nations Joint Staff PensionFund (UNJSPF) recently reduced the allocation to equity in its $92.5 We’ve been in private equity for 13 years but have always focused mainly on large buyouts,” he says.
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? In 2022, Ares’ direct lending tied to such buyouts totaled $26.4
Pensionfunds and endowments, which have seen limited cash payouts from their unlisted investments, are driving a surge in these once-niche transactions. The surge in activity reflects the ongoing challenges in the $4tn buyout industry, which has been hit hard by rising interest rates and a significant reduction in dealmaking.
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.
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. Canadas largest pension notched a 3.8% billion 10-year net return of 9.2%
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. billion in assets and has achieved a 10-year average net return of 9.2%
One of Australia’s largest pensionfunds, Rest, is set to significantly increase its private equity investments over the next two years, aiming for a 5% allocation by 2026, according to a report by Pensions & Investments. Other major Australian pensionfunds are also adjusting their private credit allocations.
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.
Pension giant CalPERS saw its net private equity returns fall to -2.3% The post CalPERS PE returns slump negative, but public markets help it beat target first appeared on AltAssets Private Equity News. in its latest annual results - but strong public markets investments kept the LP on track.
Fund III will continue Ara’s strategy of investing in the decarbonization of the industrial economy, the greatest source of carbon emissions globally. Fund III will continue Ara’s strategy of investing in the decarbonization of the industrial economy, the greatest source of carbon emissions globally. ” 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.
These types of plans commonly come in the form of pension plans. [1] 1] A pension plan guarantees a certain level of retirement benefit based on your salary and how many years you worked for the company. [2] They are funded mostly by the employee (though the employer may also make contributions). [8]
Now, as it sets its targets for the next five years, it’s looking to measure the other benefits of the program, including boosted returns and more control over risks. While Chan says the cost savings “get the headlines” what is less talked about are the benefits to returns and managing risks. “We We have to look holistically.
According to Invest Europe’s Investing in Europe: Private Equity Activity H1 2023 report, private equity and venture capital funds invested €32bn in the first half of 2023, 54% lower than 2022’s strong figures and in line with levels last seen in 2016.
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.
The pension estimates it will report a 9.3% That’s compared to a 3.85% return for the previous fiscal year and will outpace a 7% annual return target. At the end of March, the fund held $33.7 The pension isn’t writing checks to large buyoutfunds anymore, instead focusing on smaller middle-market funds.
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.
Fast forward a couple of years later, private equity had performed well with great returns. billion) in assets under management as of December, the priority is to steer the pension’s PE portfolio back to safe waters and ensure its allocation fits within the risk budgets of its 48 depositors. billion ($318.5 billion; €293.2
I was working for the GM pensionfund, an institutional LP, as an analyst, doing a research project on consumer private equity and venture capital investing. I was researching consumer focused funds, building and fixing brands, and talking to just about every consumer minded investor I could find.
Last year, APFC’s staff decreased its private asset allocation from 19 percent to 15 percent, hypothesizing that there were better risk-adjusted returns to be had in asset classes like fixed income and hedge funds. If you’re only writing $150 million checks, you can’t really be in middle market buyoutfunds,” Frampton said.
Fast forward a couple of years later, private equity had performed well with great returns. billion in assets under management as of December, the priority is to steer the pension’s PE portfolio back to safe waters and ensure its allocation fits within the risk budgets of its 48 depositors.
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.
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.
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.
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. Returns for the year that ended June 30 were driven by a 14.1%
AFP reports Norway's sovereign wealth fund hits record profit in 2023: OSLO: Norway’s sovereign wealth fund, the world’s biggest, said Tuesday it raked in a record profit of 2.2 The fund’s total value reached close to 15.8 percent return follows a huge loss in 2022. The return on its equity investments last year was 21.3
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 per cent return of its reference portfolio. 10-year net return of 9.2%
A CPPIB spokesperson said the name of the fund is Canadian Fund-of-Funds V and that as an evergreen mandate, it's an additional commitment to a customized mandate with the pensionfund. You probably want to add a layer between CPP Investments and investing directly in smaller Canadian PE funds.
Do you find yourself longing for new opportunities that can potentially generate higher returns over market cycles? Commercial properties, such as office spaces or retail buildings, can offer higher potential returns. If so, it’s time to delve into alternative investments.
Do you find yourself longing for new opportunities that can potentially generate higher returns over market cycles? Commercial properties, such as office spaces or retail buildings, can offer higher potential returns. If so, it’s time to delve into alternative investments.
This transaction, approved by the Competition Commission of India, comprises the buyout of approximately 76,000 communications sites in India for an enterprise value of INR 182 billion (~$2.2 We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles.
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% I would invite my readers to learn more about Interise here to appreciate why this asset is coveted by both funds. The Fund is committing up to R$2.2
The corporate services, active wealth, pensions and fund solutions sector remains a core area of focus for BCI and we look forward to generating attractive returns for our pension plan and insurance fund clients through this investment,” said Jim Pittman, executive vice-president and global head of private equity at the BCI.
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. percent annualised return, almost double its five-year benchmark of 9.2
They’re the largest listed buyout firm in Europe. He is the chief executive officer of the Partners Group, which is Europe’s biggest listed private equity and buyout firm, with a market cap of about $25 billion. You can’t just hope to lever up a good company and generate a return that way. in Colorado.
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