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Global alternative investment firm Investcorp has secured a $110m special managed account (SMA) mandate focussing on private equity investments, from Malaysia’s Kumpulan Wang Persaraan (Diperbadankan) (KWAP), one of the countrys top two pensionfunds.
Allianz Global Investors closed its Private Markets Credit Opportunities Fund at 1.5bn, exceeding its initial target. The fund aims to provide flexible credit solutions to mid-sized companies across Europe, focusing on direct lending and structured credit investments. The company, co-owned by.
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. Can`t stop reading?
Bill Ackman likes to focus on just a few companies at a time. His hedge fund, Pershing Square Capital, invests in high-quality businesses with stocks that Ackman feels have become mispriced relative to their intrinsic value. billion portfolio is invested in just three companies. As a result, over 45% of Pershing Square's $13.4
The California Public Employees' Retirement System, known as CalPERS, manages the largest pensionfund in the U.S. So, the moves made in the fund portfolio aren't to be taken lightly. The fund increased its stake in Tesla by 34% in the third quarter, and it's nearly tripled its position in 2023. times sales versus 8.5
The fund is 33% larger than its predecessor, reflecting strong investor demand for energy transition investments. Brookfield Asset Management is targeting at least $7bn for its fourth infrastructure debt fund, expanding one of the largest strategies in the sector. Read more here. Read more here. Can`t stop reading?
GSAM has committed $150m of its own capital to the fund, which will primarily target senior lending opportunities but retain the flexibility to provide junior debt when needed. The fund aims to generate net returns of 8% to 10% on an unlevered basis, with levered investments expected to deliver around 13%. reaching its $999.9m
The New York State Common Retirement Fund, one of the largest public pensionfunds in the US, allocated over $3bn in November 2024. Among the private equity investments, NYSCRF allocated $2bn across four tranches to Neuberger Bermans NB Co-Investment Fund III. This fund targets co-investments in North America and Europe.
Insight Partners, a leading global software investor, raised $12.5bn for its latest fund, Insight Partners XII. The fund, one of the largest in the firms history, will focus on high-growth software and technology companies across multiple sectors.
Colbeck Capital Management closed its $700m Strategic Lending Fund, designed to provide customised financing solutions for middle-market businesses in North America. The fund aims to address the unique needs of companies undergoing transitions or managing complex situations.
Dutch pensionfund PFZW has completed a $3.02 billion) divestment of stakes in fossil fuel companies, leaving only seven oil and gas firms in its portfolio. PFZW retained its investment in seven companies: Cosan S.A., The seven companies we will continue to invest in are the only ones that show a switch is possible.
Blue Sage Capital closed its fourth private equity fund, Blue Sage Capital IV, at $618m, exceeding its $400m target and $550m hard cap. The Texas-based firm, known for investing in lower middle-market companies, raised more than twice the amount of its $300m predecessor fund. 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.
Enlightenment Capital, a private equity firm specialising in Aerospace, Defence, Government, and Technology (ADG&T), has held the final close of its fifth investment fund, which was oversubscribed, with $825m in capital commitments. The capital raised marks a 50% increase from its previous fund.
The capital was secured from a broad range of global investors, including pensionfunds, insurance companies, sovereign wealth funds, and family offices. Ardians extensive network and strong track record in secondary investments played a key role in attracting diverse commitments.
Private investment house Ardian has raised a record 3.2bn for its sixth-generation Expansion Fund, Ardian Expansion Fund VI (AEF VI), which will focus on making equity investments ranging from 50m to 300m, in private mid-sized businesses. Already 33% deployed, the fund has completed eight transactions in category-leading companies.
Australia’s third-largest pensionfund will officially open its first overseas outpost in London in November, a senior company official said, pushing for more private market investments as the sector outgrows the confines of home. The country’s biggest fund, AustralianSuper, recently poached senior executives from J.P.
Four of New York City’s five public employee pensionfunds, catering for teachers, police officers, firefighters and civil servants, are to up their allocations to private equity and other illiquid asset classes, as they look to boost investment returns, according to a report by Bloomberg.
Frazier Healthcare Partners closed its $2.3bn Frazier Healthcare Growth Buyout Fund XI, exceeding its target in just six months The fund, known as FHGB XI, is focused on controlling interests in middle-market healthcare companies and secured strong backing from global limited partners, including public pensionfunds, financial institutions, sovereign (..)
AshGrove Capital (AshGrove), an independent pan-European speciality lender, has held the final close of AshGrove Speciality Lending Fund II at its hard cap of €650m, surpassing its original target of €500m. Fund II achieved a 107% re-up rate among existing limited partners as well as securing over €325m in new capital commitments.
International hedge funds and private equity firms are increasingly investing in Lloyds of Londons tax-exempt investment vehicle, as the 300-year-old UK institution expands its efforts to attract global investors, according to a report by the Financial Times. This has drawn increasing attention from alternative fund managers.
Nordic Capital has successfully closed its latest fund, Evolution II, at its 2bn hard cap, exceeding its initial target of 1.4bn. At 65% larger than its predecessor, Evolution I, which closed at 1.2bn in 2021, Evolution II will target mid-market companies in Northern Europe with enterprise values between 100m and 500m.
Growth equity firm Valspring Capital has closed its first fund, Valspring Capital Fund I, exceeding its $255m target, with plans to focus on investments in growth-stage companies in the healthcare sector. Monument Group served as the placement agent for the fund, and Ropes & Gray provided legal counsel.
The country’s growing pool of pensionfunds and increasing corporate restructuring activities are drawing the attention of alternative investment firms worldwide. Restructuring will be a key driver of South Koreas M&A landscape as companies divest non-core assets and cash-generating units to strengthen financial stability.
Shamrock Capital (Shamrock), an LA-based investment firm specialising in the media, entertainment, and communications sectors, has held the final closing of Shamrock Capital Growth Fund VI (Growth VI) and Shamrock Capital Clover Fund I (Clover I), with a combined $1.6bn in capital commitments.
Investcorp has been chosen by Kumpulan Wang Persaraan (KWAP), one of Malaysias largest pensionfunds, to manage a $110m special managed account focused on private equity. Investcorp has also secured capital from institutional investors in India for its India Growth Equity Fund.
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.
This includes Blue Origin (the space company founded by Bezos), United Launch Alliance ("ULA," the joint venture between Boeing and Lockheed Martin ), Arianespace (the Airbus subsidiary), and even the tiny space start-up ABL Space Systems (which had not then, and still has not today, ever flown a rocket to space).
Credit Fund IV's investors include state and county pensionfunds, corporate pensionfunds, sovereign wealth funds, endowments, foundations and insurance companies. The post KSL Capital Partners wraps up fourth credit fund at $1.26bn appeared first on PE Hub.
HBX Group, the Spanish travel technology company known for its Hotelbeds brand and backed by private equity firms Cinven, EQT, and Canadian pensionfund CPP Investments, is gearing up for a 1bn ($1.04bn) initial public offering (IPO) in the coming weeks, according to a report by Reuters.
The loosening of credit conditions is likely to help private equity by easing borrowing constraints, which have slowed deal-making, while lower credit costs could also relieve pressure on portfolio companies that had taken on costly leverage amid high borrowing costs, smoothing the path for exits.
The fund attracted both new and existing investors, including sovereign wealth funds, pensionfunds, insurance companies, consultants, and multi-family offices. The previous iteration of the fund closed in 2022 with over $1.5bn in commitments. The fund has already called 51% of capital commitments.
The LP base includes major pensionfunds, insurance companies, sovereign wealth funds, financial institutions, and high-net worth individuals. million real time data points on more than 10,000 underlying companies.
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. Many firms borrowed against their portfolio companies to sustain the private market boom while dealmaking dwindled.
Equity and debt investor Comvest Partners has closed its sixth flagship private equity fund, Comvest Investment Partners VI LP, with total capital commitments of $881 million. Fund VI received commitments from a range of limited partners including foundations, insurance companies, pensionfunds, asset managers, consultants and family offices.
Technology investor Lone View Capital has closed its inaugural fund, Lone View Capital Fund I LP, with $850 million of capital. Limited partners in Fund I include university endowments, sovereign wealth funds, charitable foundations, pensionfunds, asset managers, insurance companies and family offices.
What happened Shares of electric and fuel-cell-powered truck company Nikola (NASDAQ: NKLA) soared 11% through 12:15 p.m. ET this afternoon after Barron's reported that the California State Teachers' Retirement System (CalSTRS, the second-largest pensionfund in the U.S.) has increased its investment in the EV company.
KSL Capital Partners (KSL), a private investment firm focused on travel and leisure businesses, has held the final closing of a single-asset continuation vehicle for Alterra Mountain Company (Alterra) with total commitments of over $3bn.
Coalesce Capital, a private equity firm focused on investments in human capital-driven and technology-enabled services companies, has closed its inaugural fund, Coalesce Capital Fund I, and parallel vehicles, with $900m in total capital commitments. Billion for Australia Private Credit Fund Ares Management Corp.
Blue Sage Capital has held a final closing of its fourth fund, Blue Sage Capital IV LP (Fund IV), with $618 million of capital. The new fund closed above its original $400 million target and its original hard cap of $550 million. With the close of Fund IV, the firm has now raised over $1.2
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.
Brynwood Partners, a private equity firm focused on control investments in consumer product businesses, closed its ninth fund, Brynwood Partners IX L.P., “As we approach our 40th year in business, we are both proud of our heritage and excited for our next fund cycle. Brynwood’s fund formation counsel was Locke Lord LLP.
Balbec Capital (Balbec), an alternative investment manager with over $16bn in platform assets, has held the final close of InSolve Global Credit Fund VI (IGCF VI), with over $1.7bn in commitments across the flagship fund and related vehicles. To date, the Fund has called 51% of capital commitments.
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