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The capital was raised from a global pool of investors, including insurance companies, pensionfunds, and family offices. AllianzGI noted that the strong investor response underscores the growing demand for private credit as an alternative to traditional bank financing, particularly as banks retreat from mid-market lending.
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
Aviva Investors, the global asset management business of Aviva, has launched its third fund under the Long Term Asset Fund (LTAF) regime with the creation of the Aviva Investors Multi-Sector Private Debt LTAF (MSPD LTAF).
Read more BlackRock Unveils Climate Policies for $150bn in Funds BlackRock Inc. is singling out funds with combined assets of $150bn for an extra screen designed. read more Australia’s Largest PensionFund Shifts to Equities on Tech Boom AustralianSuper, the country’s largest pensionfund, is shifting money into equities on the.
Six of Canada’s biggest pensionfunds managing C$1.3 ” He added that HOOPP have been growing exposure to private credit and while more than half of its exposure is with external partners, the pension is increasing the proportion of direct private credit investments while continuing to work with partners.
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. This shift partly reflects a rebalancing of power, enabling LPs in private equity funds, such as pensionfunds to exert influence over GPs.
The partnership was established with a $1bn commitment to Blue Owl’s credit platform and will initially focus on its technology lending strategy, which provides financing solutions for several technology and software companies, Mubadala said in a statement on Monday. “We
Infrastructure investment specialist Infranity has launched its commingled Enhanced Return Debt strategy which, together with co-investments, has already exceeded half of its target, reaching €1.585bn in capital commitments. Infranity’s AUM now exceeds €11bn.
Given the funding needs for financing data centers and energy transition, there’s room to grow to hit the $25 trillion mark, Michael Zawadzki, Blackstone Credit and Insurance’s global chief investment officer said Friday in an interview with Bloomberg Television. tied to assets including microchips.
Bain Capital Credit, the firm’s global credit business with $45bn in AUM, has closed its latest debt vehicle, Bain Capital Middle Market Credit 2022 (MMC 22), with commitments totalling more than $1bn, according to the Wall Street Journal. The firm’s predecessor fund, Bain Capital Middle Market Credit 2018, closed with $975m in 2019.
percentage points above the Secured Overnight Financing Rate and at a discounted price of 98 cents on the dollar. percentage points above the Secured Overnight Financing Rate and at a discounted price of 98 cents on the dollar. Billion for Australia Private Credit Fund Ares Management Corp. Read more Ares Raises $1.7
Kevin Carmichael of The Logic reports Freeland eyes power of pensionfunds to lift Canadian economy: We’ve been conditioned to dismiss federal budgets and fiscal updates as political documents. In this way, Finance Minister Chrystia Freeland’s fall economic statement was more interesting than she indicated it would be.
But the deal is also a gamble, considering investors have worried about BCE’s ability to afford its dividend and pay down debt. The integration matters because investors tend to judge the riskiness of a company’s debt load by comparing it to annual cash flows: “This is a great trade, in sports terms,” Mr. Bibic said.
Allegro Funds as it acquired fuel retailer Gull New Zealand; and BGH Capital’s payments platform Pushpay, the firm said. Financing of leverage buyouts in Australia and New Zealand has typically been done through banks due to the lack of an institutional capital market for high-yield borrowers. and Citigroup Inc. has raised A$2.6
The system works exceptionally well, yet in the past year, we have seen increasing calls to change this model and use pensionfunds as a policy tool. The system works exceptionally well, yet in the past year, we have seen increasing calls to change this model and use pensionfunds as a policy tool.
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? Despite staying with private debt, Ares had no trouble keeping pace with the rest of the industry.
In January, the fund said it would combine that real estate business with another specializing in lending against properties, a merger that’s expected to save the plan $100 million annually. The reorganizations change an approach that had made Canada’s pensionfunds powerhouses in the property market.
The partners are also opening the door to financing projects in other Indigenous communities. Nevertheless, access to capital to finance projects of this scale represents a challenge for the various communities. We are active in the major financial markets, private equity, infrastructure, real estate and private debt.
The board of the California Public Employees’ Retirement System (Calpers), the largest US pensionfund, is has voted to up its exposure to private equity and private credit by a combined $34bn in a bet that riskier asset classes will generate higher returns than stocks, according to a report by Bloomberg. investment target return.
Considered an accomplished businessman and pioneer of climate finance in India, he was in principle responsible for ensuring the good governance of the organization. And to be honest, I wouldn't be surprised if similar bribing schemes are also occurring at other CDPQ subsidiaries in India and at those of other large Canadian pensionfunds.
James Hirai of Bloomberg reports Dutch pensionfunds send shockwaves through euro swap market: Dutch pensionfunds are plowing cash into long-dated swap contracts, according to strategists, upending one of this year’s most popular trades. The funds, by far the region’s largest with more than €1.5 in a client note.
It had received commitments from both existing and new investors that include institutional investors, insurance and pensionfunds, development finance institutions and family offices across the US, Europe and Asia-Pacific, it said. is looking to raise $325m to refinance debt by. It has raised about $480-$500m so far.
Bain Capital Credit, the firm’s global credit business with $45bn in AUM, has closed its latest debt vehicle, Bain Capital Middle Market Credit 2022 (MMC 22), with commitments totalling more than $1bn, according to the Wall Street Journal. The firm’s predecessor fund, Bain Capital Middle Market Credit 2018, closed with $975m in 2019.
The new fund, Ares Private Credit Fund VI (APCF VI), which surpassed its initial fundraising target, will focus on providing flexible and innovative financing solutions to middle-market companies across North America and Europe, emphasising senior secured loans, subordinated debt, and other private credit instruments.
With a debt-to-equity ratio of roughly 0.12 times, it has the strongest finances of any of its closest peers. Essentially, during the lean times, it can take on debt to keep funding its business and dividend while it waits for better days. That's important, but the bigger story is probably Chevron's balance sheet.
Italian Association of Private Equity, Venture Capital and Private Debt Sella Venture Partners SGR Investitori SGR HOPE S.B. Equita Kairos Partners SGR SpA Finance for Food NORD Holding UBG mbH IBLA CAPITAL Investment Company Progressio SGR DLVENTURES Indaco Venture Partners SGR Vitale Dualcore S.R.L. KRASSOWSKI i WSPÓLNICY SP.
Arcmont Asset Management has secured mandates totalling 475m for a new Impact Lending strategy from pension asset manager APG, and TIAA, one of the worlds largest institutional investors and a provider of retirement and financial services. Arcmont is owned by Nuveen Private Capital (NPC).
The equity commitments follow the company’s recent debt refinancing announced in June and together will further euNetworks’ momentum as the company continues to scale and execute against its strategic priorities. billion private credit fund A unit of Singapore’s state-owned investor Temasek Holdings Pte. has raised $1.7
“The federal government believes that continued domestic investments by Canada’s pensionfunds have the potential to boost Canada’s economy and create good careers for people across the country.” The statement said government would work with pensions to find and encourage more investments in Canada.
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. two packaging companies.
4] As these indexes track stocks that people buy for long-term investments through 401ks, Roth IRAs, and other pensionfunds, a decrease in the price of these stocks may also mean a decrease in the value of the funds held in your investment accounts. Hike in Variable Debt Rates. 1] [link]. [2] 2] [link]. [3] 3] [link]. [4]
The equity commitments follow the company’s recent debt refinancing announced in June and together will further euNetworks’ momentum as the company continues to scale and execute against its strategic priorities. euNetworks builds and invests in city and long haul fibre networks to connect key European data centres and data hubs.
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.
Kreos Capital, a provider of growth and venture debtfinancing to companies in the technology and healthcare industries, which was recently acquired by BlackRock, has held the final close of Kreos Capital VII (Kreos VII) above target at €1.2bn The fund attracted support from over 30 institutional investors, including banks, sovereign wealth funds, (..)
trillion of assets under management supporting defined benefit and defined contribution plans, PGIM serves more than half of the world's 300 largest pensionfunds. It's looking at opportunities for flow or new sales financing, as well as third-party blocks. So financing for growth and by reinsuring diversifying against risk.
Pretty harsh and I painstakingly tried to explain to my friend that the goal of CPP Investments isn't to try to match its Reference Portfolio or beat it and that it's true that no pensionfund (not just CPP Investments) or fund manager has consistently beaten the S&P 500 over the last 20 years, that doesn't mean active managers are "useless".
Ishika Mookerjee and Sheryl Tian Tong Lee of Bloomberg report Quebec pension struggles to deploy $7 billion for energy transition: One of Canada’s biggest pensionfunds says it hasn’t been able to deploy the CAD 10 billion ($7.3 Some metrics CDPQ looks at include carbon intensity, diversity and inclusion, and tax compliance.
Today, Private Debt Investor published an article on the findings from the American Investment Council’s new report, prepared by EY, on the significant impact of private credit on the U.S. highlights the industry’s role as a critical source of financing for small and medium sized businesses. Private credit was responsible for adding 1.6
Right now he sees a fertile environment for lenders such as Oaktree to step in and provide financing where banks are further retrenching following the collapse of Signature Bank and two other US regional lenders. The firm is in the midst of a fundraising push as it looks to raise $10bn to finance large private-equity backed takeovers.
Over the last decade, the real estate arm of Quebec’s $300 billion pensionfund tore through U.S. Now, nearly $5 billion worth of debt on those properties is set to mature over a 12-month span starting next year. billion Stuy Town debt matures five months later. cities, paying top dollar to buy trophy properties.
Paula Sambo of Bloomberg reports Canada pensionfund's credit head wants to take advantage of leveraged buyout boom: Canada’s largest pensionfund plans to nearly double the size of its credit holdings over the next five years, and it’s counting on an upturn in leveraged buyouts to generate some of that growth.
Thames Water has been struggling under the weight of more than £18-billion ($31-billion) of debt that has become more expensive with high interest rates. OMERS is one of Canada’s largest pensionfund managers, overseeing $129-billion of assets with investments in Canada, the United States, Europe and Asia.
Earlier today, I spoke with Peter Letko and Daniel Brosseau of LetkoBrosseau Global Investment Management to set the record straight on where they stand on Canadian pensionfunds investing more in Canada. Finance Minister Chrystia Freeland’s fall economic statement did not help.
They're going to have trouble refinancing their debt when it eventually comes due. If you're a portfolio manager for a pensionfund and you're looking to invest money, you're probably going to like that lower volatility, because you don't have to worry about the daily fluctuations in stock prices. Then looking at multifamily.
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