This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Japans PensionFund Association for Local Government Officials (Chikyoren) has selected four firms two from the US and two from Japan for a global private equity mandate, according to a report by Asia Asset Management. Additionally, it has appointed one firm each from the US and Japan for a global private debt mandate.
The California Public Employees' Retirement System, known as CalPERS, manages the largest pensionfund in the U.S. Its portfolio of stocks, private debt and equity, bonds, real estate, and other investments totals $452.3 So, the moves made in the fund portfolio aren't to be taken lightly.
in a deal that could exceed $10bn, including debt. Sources familiar with the matter indicate that Brookfield has advanced past rival infrastructure funds and strategic buyers following the submission of final offers last week. The company is currently owned by private equity giant KKR & Co.,
The fund aims to provide flexible credit solutions to mid-sized companies across Europe, focusing on direct lending and structured credit investments. The capital was raised from a global pool of investors, including insurance companies, pensionfunds, and family offices. The company, co-owned by.
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).
The Maine Public Employees Retirement System (MainePERS), based in Augusta, has approved two alternative investment commitments totalling up to $200m, according to a report by Pensions & Investments Online citing James Bennett, the Chief Investment Officer of the $20.2bn pensionfund. of its total assets.
Brookfield Asset Management is targeting at least $7bn for its fourth infrastructure debtfund, expanding one of the largest strategies in the sector. The new fund will invest in both junior and senior infrastructure debt, continuing Brookfields established approach.
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.
Pensionfund KPN is aiming to make an investment of between 5% and 7% of its €10bn assets in infrastructure, corporate and real estate debt by 2026, with half of that total going to impact investments – if the fund can identify suitable managers – according to a report by IPE.com.
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%.
The report cites Nan Zhang, head of product implementation and alternative investment research at State Street, as noting that “private debt, especially floating-rate debt, typically benefits from rising interest rates,” and expects that private debt’s outperformance might diminish as the Fed continues with rate cuts.
The Chicago Teachers’ PensionFund (CTPF), the oldest public retirement scheme in Illinois, is planning to makes its first foray into the booming private credit market with an initial allocation of up to $350m, according to a report by Bloomberg.
The New Hampshire Retirement System (NHRS) has approved two major commitments to alternative investments, totalling a combined $100m, as part of its ongoing strategy to diversify its portfolio, according to a report by Pensions & Investments. NHRS has an existing relationship Top Tier. of NHRSs total assets, valued at $12.6bn.
The report cites unnamed individuals familiar with the situation as revealing that the pensionfund, which oversees state pensions and other assets, aims to reduce its exposure to higher-yielding opportunistic credit strategies and shift focus towards more stable, mainstream direct lending.
The New York State Teachers Retirement System (NYSTRS) committed $400m (£315.55m) to private debtfunds between October and December last year. The pensionfund allocated $300m to the OIC Credit Opportunities IV fund, while the remaining $100m was committed to the Peninsula VIII, according to publicly available documents.
The Fund now counts pensionfunds, endowments and foundations, insurance companies, family offices, and fund of funds amongst its diversified investor base. AshGrove provides tailored credit solutions to small and medium-sized European companies in B2B software and services.
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.
Pensionfunds, such as the Ontario Teachers Pension Plan, have also participated in the programme. A key feature of the scheme is its ability to fund reinsurance contracts through debt securities, known as catastrophe bonds (cat bonds).
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. This shift partly reflects a rebalancing of power, enabling LPs in private equity funds, such as pensionfunds to exert influence over GPs.
Private credit has become an integral part of the financing solutions available to support corporate growth and there is an increasing demand for debt capital from well-established and high-growth software and technology businesses, which typically have leading market positions, resilient customer base and strong financial fundamentals.”
US pensionfund giant the New York State Common Retirement Fund has agreed a hefty $4.6bn of new alternatives fund commitments. The post NY State Common Retirement Fund commits $4.6bn across PE, credit, secondaries and RE appeared first on AltAssets Private Equity News.
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.
AustralianSuper, the country’s biggest pensionfund, has upped its exposure to private debt for US mid-market companies by $1.5bn through an expanded partnership with Nuveen investment arm Churchill Asset Management.
As Compenswiss looks to mandate new private debt managers, chief investment strategist Frank Juliano talks through due diligence processes at the Swiss pensionfund. Recent high profile investor losses under score the importance of due diligence.
Triton Debt Opportunities (TDO), the opportunistic credit arm of European investment firm Triton, has held the final close of its third fund (TDO III) in excess of its original €1bn fundraising target, and 40% larger than its predecessor fund, which closed at €744m in October 2020.
The private debt secondary market is primed for significant growth during 2024 in terms of both volume and quality of deals as motivated sellers take advantage of the growing pool of buy-side capital, according to a survey by Ely Place Partners.
per-cent return across its funds in 2024 but fell short of its internal benchmark of 13.8 per cent, capping off a year that ended in turmoil when Albertas government dismissed the pensionfund managers board and CEO. The private debt and loan portfolio gained 8.7 reported a 12.3-per-cent and 8.7%, respectively.
As of June 10, over half of the top 25 most valuable hedge funds in the United States were exposed to Bitcoin via the spot ETFs. Even the State of Wisconsin Investment Board, an agency managing the state's pensionfund , announced an investment in spot Bitcoin ETFs.
New Mexico State Investment Council, a $44bn-managing pensionfund investor, has picked private credit and a string of venture capital vehicles in its latest suite of fund commitments. The post New Mexico’s $44bn pensionfund unveils latest VC, credit fund commitments first appeared on AltAssets Private Equity News.
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. The Government of Canada shouldn't be hinting at how or where Canada's large pensionfunds invest. Let's keep it that way.
Private debt and infrastructure are set to remain the preferred alternative asset classes among South Korean institutional investors for the second year running in 2024, according to a survey by The Korea Economic Daily. On global private debt, 67% of those surveyed described the asset class as fairly valued, while 13.3%
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.
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.
Blackstone has been active in the asset-based finance markets, leading debt packages for cloud computing firm CoreWeave Inc. The firm has also increased its exposure to credit card debt, by working with banks such as Barclays Plc on its credit card business as part of an ongoing arrangement. tied to assets including microchips.
Annaly is really designed to be owned by total return investors who focus on asset allocation (such as insurance companies and pensionfunds). And being so large, the investment-grade-rated company tends to have easier access to capital markets (on both the debt and equity sides). annual pace over the last 29 years.
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) PensionFund, managing assets worth 1 trillion yen ($6.6 billion), is poised to increase investments in illiquid alternatives, including infrastructure private equity and debt aimed at maximizing returns.
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.
billion, including debt, people familiar with the matter said on Wednesday. KKR will own Varsity Brands through its Americas private equity fund, the sources said, requesting anonymity because the deal has not yet been announced. Read more BlackRock Unveils Climate Policies for $150bn in Funds BlackRock Inc.
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 inflows have helped a slew of hedge funds and other money managers, including GoldenTree Asset Management, Sculptor Capital Management, Carlyle Group Inc. CLO equity — a small slice of the resurgent market for CLOs that bundle leveraged loans into bonds with varying safety ratings — is actually a form of deeply subordinated debt.
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. Like its earlier funds, Fund VI will… This content is for members only.
In fact, Annaly is most appropriate for institutional-level investors with a focus on asset allocation , as it provides exposure to the mortgage debt market. Insurance companies and pensionfunds are the types of investors that might appreciate this REIT.
Several US pensionfunds are preparing to significantly increase their allocations to private credit in the 2025 fiscal year, highlighting a growing interest in the sector among institutional investors, according to a report by Banking Exchange.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content