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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.
Carolina Mandl and Chris Prentice of Reuters report US SEC overhauls rules for $20 trillion private fund industry: The U.S. Advocacy groups have accused the private fund industry of unfair, conflicted and opaque practices that hurt everyday Americans who invest in such funds through their pensions.
“The investment horizon for these assets is long and the ability to rebalance in the future is hampered,” warns Marlene Puffer, who joined AIMCo as CIO in 2023 from Canada’s railway pensionfund CN Investment Division. Deals have not been done, or we’ve added more duediligence, as a result of these people,” she says.
These investments require thorough duediligence, careful selection of companies or projects and a deep understanding of the industry and market dynamics. PwC reported that there is a significant shift among sovereign and public pensionfunds towards alternative investments.
These investments require thorough duediligence, careful selection of companies or projects and a deep understanding of the industry and market dynamics. PwC reported that there is a significant shift among sovereign and public pensionfunds towards alternative investments.
The 77-year-old billionaire told the Financial Times that big asset managers had competed aggressively to lend to the largest private equity groups as money poured into their coffers in 2020 and 2021, raising questions over the duediligence the funds conducted when they agreed to provide multibillion-dollar loans.
Blackstone told us "extensive pre-investment duediligence showed PSSI had industry-leading hiring compliance." But it seems, that diligence failed to find what was obvious to investigators watching a shift change in a parking lot. No pensionfund wants to invest in private companies that abuse immigrant children.
So the greenwashing underneath the fund is a whole nother layer that most regular people cannot go that deep into duediligence and figure this out. 0:44:46.8 : Or it’s like Florida and Louisiana divesting their pensionfunds from anything BlackRock-related. Pensionfunds, endowments, etc.
Silas Brown and Kat Hidalgo of Bloomberg report Florida pension to offload up to $4 billion of private credit: The Florida State Board of Administration is looking to sell a bundle of private credit stakes worth as much as $4 billion in what would be one of the largest deals of its kind, according to people with knowledge of the matter.
So I did my thesis on how leveraged buyouts work from the legal and the business side. And I remember literally sitting with the bankers at Manny Hanny and we went through every lending bank in the world, every major bank, and said if they lend their full legal limit — RITHOLTZ: They could — KLINSKY: — then we raise enough.
There were financial experiments where the borrower hadn’t been through duediligence. So we, we do business with most of the sovereign wealth funds, most of the big US national insurers, global insurers, the largest pensionfunds. The LTV was very high. The underlying risk of the home market was very high.
officials allege: Senior executives at Quebec’s provincial pensionfund manager tried to win contracts by paying Indian officials hundreds of millions of dollars in bribes and interfered with corruption investigations in the United States, American prosecutors allege. Adani Green sought to raise money from U.S.
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