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NYC pension funds look to PE in hunt for higher returns

Private Equity Insights

Four of New York City’s five public employee pension funds, 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.

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KSL Capital partners closes $3bn-plus continuation fund for Alterra Mountain Company

Private Equity Wire

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.

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A Clash of Titans Over Canada's Pension Fund Strategy

Pension Pulse

It's a clash of titans, because we have two economic theories,” Daniel Brosseau, co-founder and partner at investment firm Letko Brosseau, told BNN Bloomberg in a Monday interview.

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Blackstone, KKR, CVC curbed by China’s IPO clampdown

Private Equity Wire

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.

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Thoma Bravo agrees $1.5bn Everbridge take-private deal

Private Equity Insights

Everbridge, a specialist in critical event management and national public warning solutions, has entered into a definitive agreement to be acquired by software investment firm Thoma Bravo, in an all-cash take private transaction that values the business at approximately $1.5bn. billion) for a credit fund for Australia and.

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Orion sells further minority stake in Sweetwater Royalties at $1.9bn valuation

Private Equity Insights

Orion Resource Partners, a global investment firm specialising in metals and materials, has sold an 8% minority interest in Sweetwater Royalties, a private industrial minerals royalty company, to a Canadian pension fund for $100m. Source: Private Equity Wire Can’t stop reading?

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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 in a deal that values the payments technology firm, which has received financial backing from actor Ryan Reynolds, at $6.3 It represents a premium of 56% to the company’s NVEI.O The buyout of Nuvei, which has a market capitalization of nearly $4.42