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PE rethinks NAV loans as investors push back

Private Equity Wire

Ares Management, Perpetual Investors, and 17Capital report that NAV loans are increasingly being reinvested into portfolio companies or utilised for add-on acquisitions instead of being used for payouts. This shift partly reflects a rebalancing of power, enabling LPs in private equity funds, such as pension funds to exert influence over GPs.

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OMERS Names a New Global Head of PE; BCI Wins PE 2024 LP of the Year

Pension Pulse

Bloomberg reports OMERS hires partner of Temasek-backed fund as Global Head of Private Equity: The Ontario Municipal Employees Retirement System hired Alexander Fraser, a former partner of a Temasek-backed fund, as the global head of its private equity arm. OMERS Private Equity manages approximately C$27.5

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CPP Investments Plows Into Private Equity in Fiscal Q3 2025

Pension Pulse

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. billion (US$75 million) to Polaris Capital Fund VI.

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Andrew Coyne Is Dead Wrong on CPP Investments' Active Management

Pension Pulse

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 pension fund (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".

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CPP Investments' CEO Warns Against Meddling in UK Pensions

Pension Pulse

Nest, the UK government-backed workplace pension fund, said it preferred proven business models to early-stage venture capital. Huge pension funds in Canada and Australia have been held out as examples that UK schemes could follow to improve returns.

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A Fireside Chat With BCI's Head Of PE Jim Pittman

Pension Pulse

Here are the key takeaways from their conversation: Background and BCI Overview: Jim Pittman has over 30 years of experience in finance and private equity, with a background in accounting and industry experience as a CFO and COO. One other thing Jim neglected to mention is he has seeded private equity funds in the past.

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CDPQ to Pump $11.2 Billion Into European Private Markets

Pension Pulse

Paulina Pielichata of Pensions & Investments reports CDPQ works to pump $11.2 billion into European private markets: Canadian pension fund Caisse de depot et placement du Quebec has recently moved into its new London headquarters as it is working to deploy C$15 billion ($11.2 billion) in private markets across Europe.