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The fundraising represents a significant increase from Crescent’s predecessor fund, Crescent European Specialty Lending Fund II, which announced its final close in April 2020 with 1.8bn of investable capital. CESL III is actively investing and has committed approximately 800m across 16 transactions.
It had received commitments from both existing and new investors that include institutional investors, insurance and pensionfunds, development financeinstitutions and family offices across the US, Europe and Asia-Pacific, it said. Quadria has a hard cap of $1bn for this vehicle.
Derek Decloet and Christine Dobby of Bloomberg report Canada taps ex-BOC governor to examine how pensionfunds invest: Canada’s finance minister has asked former central bank governor Stephen Poloz to examine ways to entice its pensionfunds to invest more in the country. The government is also setting aside $4.1
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. billion 10-year net return of 9.2%
ESG News reports group of Canadian pensionfund giants urge CSSB to reconsider sustainability reporting exemptions: Canadian pensionfunds challenge CSSB’s proposed exemptions, advocating for global standards. Pensionfunds warn that exemptions could undermine global alignment and investor confidence.
AIMCo CEO Evan Siddall wrote an op-ed for the Globe and Mail stating ‘shadow banks’ aren’t a problem for the financial system – they are the solution: During the Great Financial Crisis of 2008-09, society paid a heavy price for having allowed financialinstitutions to become “too big to fail.”
Today, CDPQ published its Sustainable Investing Report for the fiscal year ending December 31, 2023: CDPQ actively contributes to advancing sustainable finance, and once again this year the report presents concrete actions taken to drive the organization’s impact. Following are some highlights.
No financial details were provided however, I remind my readers that in June 2023, CDPQ partnered with Australia's Clean Energy Finance Corporation to acquire minority stake in Gunn Agri Partners, and create AUD $200m sustainable agriculture platform (see my comment here ).
Not surprisingly, Gordon was unavailable which is fine but for a $200 billion+ pensionfund managing the assets of British Columbia's biggest public sector pension plans, the organization needs to significantly step up its game on communications and transparency.
I told him I track pensionfunds very closely and there's no doubt CDPQ is a global leader in sustainable/ responsible investing. He added that over the last en years, their green assets have been outperforming non-green assets. For us, it's a question of returns and what's in the best interest of our depositors."
Previously Andrew led the Americas Structured Credit and Financials team where he was responsible for investments in sub-investment grade structured credit and debt capital solutions for financialinstitutions, as well as the intellectual property investment strategy. Andrew holds a Bachelor of Commerce from McGill University.
In fact, virtually all of our drawdown funds we've launched in our history, have been profitable for our investors. Our performance has helped secure retirees' pensions, fund students educations, pay healthcare benefits, and protect and grow the savings of individual investors.
I didn’t really know much about the world of finance. So how do you then go from tax and audit practice to finance and investing? Quote, “The world of finance isn’t as complicated as newcomers expect. In order to compete and win in so many things today in finance, you have to be super specialized.
His latest book could not be more timely, “The Price of Time: The Real Story of Interest,” it’s all about the history of interest rates, money lending, investing speculation, funded by banks and loans and credit. According to Chancellor, interest is the single most important feature of finance, both ancient and modern.
Claude Lavoie was director-general of economic studies and policy analysis at the Department of Finance from 2008 to 2023. The governance at all of Canada's Maple Eight pensionfunds is a hundred times better than it was back in the great financial crisis (GFC) and that includes CDPQ.
Executive announcements Manroop Jhooty was appointed Senior Managing Director & Head of Total Fund Management. Completed a multi-year forward flow agreement with Exeter Finance LLC, a U.S. indirect auto finance company, to acquire up to US$200 million per year in residual certificates of auto loan receivables securitizations.
You graduate Emory University with a degree in finance. No, I’m — RITHOLTZ: You beat me by an hour, RIEDER: You know, I think, I would say to young people who come into the business, you know, why are you coming into finance? Didn’t it start as a bond shop, catering to pensionfunds and foundations?
Northvolt scrambled to keep the financing flowing, but as Germany’s car industry fell deeper into its own crisis, it became clear orders would dry up. billion to finance its new business plan, Carlsson said, telling reporters that “we’ll regret it in 20 years if we’re not driving transition” to clean technologies.
The province also added the deputy minister of Treasury Board and Finance – a high-ranking public servant – as a permanent member of the board, also without pay. Current deputy minister of finance Kate White was named to the role in October, 2022, the same month Ms. and raising questions about its independence. Smith became Premier.
to discuss the short- and long-term impact of AI on finance. Their conversation explored Nasdaqs transformation into a technology-driven enterprise, the role of AI in market operations, and the opportunities and challenges AI presents to the financial ecosystem. Were not creating new AI-native products.
Daniel Johnson of Bloomberg reports fall economic statement: Ottawa seeks to lower pensionfund investments caps: The federal government announced a move to ease limits for pensionfunds investing in Canadian companies in its latest fiscal update, along with responses to tariff threats from the U.S.
billion from one of our large pensionfund clients. Our interest expense guidance assumes our current debt levels and does not assume additional financing. Last month, for example, one of our large asset manager clients launched a new ETF linked to an MSCI climate index with a record-breaking ceded investment of $2.4
The New York Fed is kind of, I don’t know how to say this first, amongst the regional feds, because you’re located right in the heart of the financial community. What is the communication like back and forth between the New York Fed and major players in finance, especially in the midst of a crisis like that?
to develop a sovereign wealth fund. Then, Motley Fool personal finance expert Robert Brokamp continues a two-part interview with Dave Hatter, a cybersecurity consultant at Intrust IT, about how to protect your personal data after a security breach. The activist battle at Southwest Airlines. Why Campbell dropped the "soup."
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