Remove Conglomerates Remove Leveraging Remove Pension Funds
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KKR among PE suitors for $6bn Cubico

Private Equity Wire

The report cites unnamed sources familiar with the matter as revealing that the sale process, which was initiated by Cubicos owners Canadas Public Sector Pension Investment Board (PSP) and the Ontario Teachers Pension Plan (OTPP) has also attracted interest from Italian energy conglomerate Enel, as well as other infrastructure investors and funds.

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OTPP Appoints Bruce Crane as Head of APAC

Pension Pulse

Crane was most recently a senior managing director, responsible for overseeing and managing infrastructure and natural resources investments for the pension fund in the Asia-Pacific region. According to the pension fund, it currently has more than 85 employees in the region. billion) fund said in a statement on Tuesday.

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CPP Investments' CEO Discusses Fiscal Year 2024 Results

Pension Pulse

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 pension fund earned an eight per cent return last year, but significantly underperformed the 19.9 per cent return of its reference portfolio.

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Top Funds' Activity in Q2 2024

Pension Pulse

are buying/adding Ulta Beauty (ULTA) Ulta Beauty caught Berkshire’s eye in the most recent quarter, and the conglomerate opened a position in the purveyor of beauty products, albeit a relatively small 690,000 shares. The conglomerate still owns nearly 4.7 Berkshire Hathaway’s portfolio holdings: Where Buffett & Co.

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Top Funds' Activity in Q4 2023

Pension Pulse

The conglomerate trimmed its holdings in Apple ( AAPL ) and HP ( HPE ) while adding to its stakes in oil giants Chevron ( CVX ) and Occidental Petroleum ( OXY ). With some $60 billion managed by dozens of teams, Citadel’s December-quarter 13F discloses positions worth hundreds of billions of dollars in the aggregate, thanks to leverage.

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Transcript: David Layton

The Big Picture

So it used to be within private markets that you would find a good business, apply quite a bit of leverage to it, at least in the private equity business, and be able to make a pretty good return by buying good solid businesses as they are. Leverage levels have come down materially. LAYTON: Leverage levels have changed.

Assets 59
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Transcript: Steven Klinsky

The Big Picture

And what was interesting was the first leveraged buyout of a public company happened when I was in graduate school. KLINSKY: In 1979, it was the first leveraged buyout of a public company. We had sold the family business, maybe buy another family business one day through a leveraged buyout. KLINSKY: Yeah.