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The firm is looking to extend its role beyond investing client capital to managing funds for private equity and alternative asset managers, according to Chief Financial Officer Martin Small. This move follows BlackRocks $30bn expansion into private credit, financial data, and infrastructure assets in 2023.
According to a recent release, the fund raised in just four months and attracting a diverse range of investors from across Europe, the Americas, Asia, and the Middle East includes public and private pensionfunds, asset managers, sovereign wealth funds, family offices, and financial institutions, among its investor base.
BlackFin Capital Partners, a leading European financialservices sector investment specialist, has held the final close of BlackFin FinancialServicesFund IV with €1.8bn, taking the firm’s total assets under management to $4bn.
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 Toronto-based pensionfund had 17% of its investments in Europe, including the UK, as of the end of 2023. The Toronto-based pensionfund, valued at $255.8bn, is seeking new ways to protect its capital after significant investments in the US. That compares with 35% in the US and 35% in Canada.
Oliver Haill of Collective Investments also reports BBGI Global Infrastructure agrees takeover by Canadian pensionfund: BBGI Global Infrastructure SA (LSE:BBGI) has received a 1.6 billion all-cash offer from Canadian pensionfund manager British Columbia Investment Management (BCI).
Aquiline Capital Partners, a private investment firm focused on financialservices and related technologies, has raised $2.3bn for its fifth private equity fund, Aquiline FinancialServicesFund V, making it the firm’s largest fund to date.
GrowthCurve Capital has held the final close of its inaugural private equity fund, GrowthCurve Capital Partners I, with total capital commitments of $1.4bn for the fund and related co-investment vehicles. Today, GrowthCurve has over 25 professionals, in addition to an accomplished strategic advisory board with deep industry experience.
As with its predecessor equity funds, TA XV will target equity investments in high-quality businesses capable of delivering sustainable growth within the technology, healthcare, financialservices, consumer and business services sectors.
Mubadala Capital, the wholly owned alternative asset management subsidiary of Mubadala Investment Company, has closed its fourth private equity fund, MIC Capital Partners IV (Fund IV), securing total commitments of $3.1bn, and surpassing its initial target of $2bn.
Law firm Kirkland & Ellis advised Vitruvian on the formation of the fund, which attracted commitments from over 200 global institutions, including sovereign wealth funds, public and corporate pensionfunds, funds of funds, banks, insurers, endowments, foundations, and private wealth clients.
General Atlantic is also active in consumer, health care and financialservices. The firm closed its sixth growth equity fund at $7.8bn in 2021. While perhaps best known for its successful track record backing tech firms that also included Uber Technologies Inc.,
The Fund’s investor base consists of new and returning LPs, including public and private pensionfunds, insurance providers and financialservice investors across Europe, North America, Asia and the Middle East.
Fund V continues Adenia’s long-term investment strategy of making control investments in medium-sized companies across Africa with proven business models that demonstrate ample room for operational and ESG improvements.
He was the long-time chair of the Toronto Port Authority and, earlier in his career, advised a committee of Canada’s Senate on issues that included the creation of major public-sector pensionfunds such as the Public Sector Pension Investment Board. Still, I will wait to read the final report to see what Mr. Poirier has to say.
UK financialservices firms Phoenix Group and Schroders are to launch of a new private markets investment manager, Future Growth Capital (FGC), which will aim to deploy up to £2.5bn over three years from Phoenix Group, with an initial £1bn commitment.
KKR’s Ascendant strategy was launched in 2022 to invest in North American-headquartered middle-market companies in seven industry verticals: consumer, financialservices, health care, industrials, media, software, and tech-enabled services.
The short answer is because it's their land and financially beneficial for all parties< Moreover, this will lead to strong economic development over many years for the MCK as we transition to a decarbonized economy. Almost 10 years experience encompassing Board Director, Investment Committee and FinancialService industry roles.
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 financialservices. Arcmont is owned by Nuveen Private Capital (NPC).
BCI manages a portfolio of diversified public and private market investments on behalf of its British Columbia pensionfund and institutional clients. BCI Private Equity actively manages a C$31 billion global portfolio of privately held companies and funds with the potential for long-term growth and value creation.
A report by the Asia Pacific Foundation of Canada found that between 2003 and 2017, Canadian pensionfunds invested $25 billion in the region. The Ontario Teachers’ Pension Plan Board has had an on-the-ground presence on the continent for over a decade, and currently has offices in Singapore as well as Hong Kong and Mumbai.
GrowthCurve Capital closes inaugural fund at $1.4bn Submitted 14/06/2023 - 10:19am GrowthCurve Capital has held the final close of its inaugural private equity fund, GrowthCurve Capital Partners I, with total capital commitments of $1.4 billion for the fund and related co-investment vehicles.
Swetha Gopinath of Bloomberg reports Ontario Teachers' Pension Plan to co-own financial advisor Max Matthiessen: Ontario Teachers’ Pension Plan (OTPP) agreed to acquire a co-control stake in Stockholm-based financial advisor Max Matthiessen from private equity firm Nordic Capital Ltd. from Astorg Partners SAS.
Private equity is the asset class that takes the most risk at a pensionfund. CDPQ’s net assets have increased by C$108 billion over the past five years, 38 percent of which stemmed from growth in its private equity portfolio, according to the pension’s 2023 annual report.
Jennifer L of Carbon Credits reports Ontario Teachers’ Pension Plan buys majority stake in KKR’s Australian carbon project developer: A Canadian pensionfund Ontario Teachers’ Pension Plan (OTPP) has agreed to acquire KKR’s stake in a leading Australian carbon markets platform GreenCollar. billion as at June 30, 2023.
Ian Bickis of The Canadian Press reports CPP Investments earned 8 per cent in latest fiscal year, net assets rose to $632 billion: Canada's biggest pensionfund earned an eight per cent return last year, but significantly underperformed the 19.9 per cent return of its reference portfolio. Invested US$50 million in Zeus, alongside EQT.
CPP Investments, the public pension plan’s asset manager, has about $36 billion under management in Latin America, or about 5% of its global portfolio, in sectors from electric utilities and sanitation to real estate, telecoms and logistics.
Paulina Pielichata of Pensions & Investments reports CDPQ works to pump $11.2 billion into European private markets: Canadian pensionfund 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.
7IM adds to the more than C$10bn in direct investments OTPP has in the financialservices sector and the wealth manager will sit within its roughly C$60bn private equity portfolio. Financialservices is a core sector of focus for Ontario Teachers’, which already has direct investments worth more than C$10 billion in the sector.
She joins the firm from CPP Investments where she has spent almost 12 years in roles including, most recently, leading the consumer sector as private equity managing director for the pension plan investment operation. After graduating University of Toronto with a B.Sc.
Benefits Canada reports BCI investing in financialservices provider, building Brisbane apartment complex: The British Columbia Investment Management Corp. is acquiring a minority stake in a corporate consultant and fund administration provider. PBS Frontline also examines who is establishing trusts in South Dakota.
The one insurance company that required a bailout, AIG, suffered its heaviest losses from its financialservices division, a business segment that most insurance companies do not have. It’s the same basic income stream that pensioners receive from corporations who moved pensionfunds into indexed annuities.
In just the past few weeks, the House FinancialServices Committee and the House Ag Committee passed the landmark crypto market structure bill and the stablecoin bill with bipartisan support. It's an important stepping stone to getting people access to better financialservices. I think that it's an important use case.
Over the past 36 years, Burgiss has created greater private asset transparency while serving institutional investors such as pensionfunds, endowments, foundations, and family offices. It is also something that is resulting in longer sales cycles as well as investors and broader financialservices firms navigate these regulations.
Alternative investments, such as real estate, private equity, hedge funds, commodities, private credit, structured notes and cryptocurrencies, introduce a new level of diversification that can help protect your portfolio during market fluctuations.
Alternative investments, such as real estate, private equity, hedge funds, commodities, private credit, structured notes and cryptocurrencies, introduce a new level of diversification that can help protect your portfolio during market fluctuations.
In fact, it's not even a strategy, it's a surefire way to pass the risk on to another fund that couldn't give a damn about ESG and I would go further and claim pensionfunds that are not engaging with oil & gas companies are neglecting their fiduciary duties. Anyway, back to UPP and Barb.
Next, a top Canadian pensionfund manages billions of dollars in investments. I think we're going to see AI pioneering in places like pharmaceutical, financialservices. Appian's Data Fabric will integrate dozens of different systems into a comprehensive customer management application for tens of thousands of agents.
Public pensionfunds that manage hundreds of billion dollars can be manned by professionals that make $80 to $150,000 a year. Certainly in financialservices, we recognize now that there are all these microaggressions that have been in place for decades. SEIDES: Yeah. And that spans endowments, foundations.
Look, our parents all had pensionfunds. LAYTON: — sources of funds for our industry is going to change as a result of that. It’s been primarily pension, historically. And this isn’t dissimilar from what’s happened in prior eras within the financialservices sector.
Anyway, let me get on to covering this week in pensions. First, Shahir Gindo wrote a special to the Globe and Mail on why Canadian pensionsfunds should invest more in domestic assets to boost the economy. I want to confront the topical complaint that pensionfunds allocate something like 4% of our capital to domestic stocks.
Operational Highlights Corporate developments Ranked first among the world’s leading public pensionfunds by Global SWF when measuring annualized returns between fiscal years 2013 and 2022 (Global SWF Data Platform, December 2023). home improvement financialservices company.
It also offers advice on the best mix of assets for a given fund, greater access to private- market investing in asset classes such as private equity and infrastructure, and risk management across the whole portfolio. IMCO issued a press release stating it will add $2.6
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