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return in 2024, boosted by private equity and stocks The Healthcare of Ontario Pension Plan (HOOPP) posted a 9.7% The pensionfund’s net assets grew to $123bn as of December 31, up from $112.6bn in 2023. return for its 2024 fiscal year, driven by strong gains in public equities and private equity. Can`t stop reading?
Allianz Global Investors closed its Private Markets Credit Opportunities Fund at 1.5bn, exceeding its initial target. The fund aims to provide flexible credit solutions to mid-sized companies across Europe, focusing on direct lending and structured credit investments. The company, co-owned by.
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. Once finalized, BlackRock plans to launch a dedicated financing unit led by a team from HPS.
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%. reaching its $999.9m
New Forests, a global sustainable investment manager, has raised 410m in the first close of its latest fund, focused on climate and forestry initiatives. The fund, supported by European investors such as pensionfunds, insurers, and family offices, aims to reach a final target of 600m.
Colbeck Capital Management closed its $700m Strategic Lending Fund, designed to provide customised financing solutions for middle-market businesses in North America. The fund aims to address the unique needs of companies undergoing transitions or managing complex situations. Source: Business Wire Can’t stop reading?
The capital was secured from a broad range of global investors, including pensionfunds, insurance companies, sovereign wealth funds, and family offices. read more IFM Investors acquires 49% stake in Splend to drive rideshare growth IFM Investors has acquired a 49% stake in Splend, a $200m startup providing vehicle financing.
Six of Canada’s biggest pensionfunds managing C$1.3 The overall non-bank finance sector is worth $218 trillion and accounts for nearly half of financial assets globally, according to the Financial Stability Board. Read more Canada’s Top PensionFunds Embark on Major Private Credit Expansion with C$1.3
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 fund, already 45% deployed, marks a major milestone in the firms asset-based finance strategy. Specializing in high-yield, short-duration investments, the fund focuses on receivables, small business, consumer, and hard assets. He emphasized the firms disciplined approach in identifying the most attractive opportunities.
The fund attracted both new and existing investors, including sovereign wealth funds, pensionfunds, insurance companies, consultants, and multi-family offices. He noted a growing demand for Balbecs asset-based and specialty finance strategies as investors seek diversification.
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.
baby boomers are a generation that's shaped society at every turn, and their personal finance habits are no different. This shift is revolutionizing how boomers manage their finances, making it easier to keep tabs on investments and spending in real time. Image source: Getty Images With 76.4 million individuals in the U.S.,
A $30 billion fund launched by the United Arab Emirates with the declared goal of funneling billions of dollars into climate finance is readying its next round of investments. The UAE says the model has the potential to unleash $250 billion of climate finance by 2030, much of which will be channeled into developing markets.
Allianz Global Investors and Dutch development bank FMO have agreed one of the largest “blended finance” funds on record, raising $1.1bn to invest in loans that help emerging and frontier countries meet sustainable development targets. The money raised through blended financefunds is a fraction of what’s needed.
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.
BaltCap, the largest private equity fund manager in the Baltics, held the first closing of its €200m target BaltCap Infrastructure Fund II (BInF II). The fund is an Article 9 fund under the EU Sustainable Finance Disclosure Regulation. The cornerstone investor of BInF II is the European Investment Fund (EIF).
The partnership was established with a $1bn commitment to Blue Owl’s credit platform and will initially focus on its technology lending strategy, which provides financing solutions for several technology and software companies, Mubadala said in a statement on Monday. “We
MMC 22, Bain Capital Credit’s fourth fund in its private credit strategy, is intended to provide flexible, junior debt to middle market companies with EBITDA between $25m to $75m, located across the US, Europe, Australia and New Zealand. The firm’s predecessor fund, Bain Capital Middle Market Credit 2018, closed with $975m in 2019.
billion) for a credit fund for Australia and New Zealand, as it seeks to capitalize on opportunities created by banks retreating from leveraged lending. The Ares Asia Direct Lending fund, the company’s first leveraged buyout vehicle for the region, has deployed over A$1.04 Billion for Australia Private Credit Fund Ares Management Corp.
Earlier in November, Butterfly Equity, Equilibrium Capital and a US public pensionfund agreed to provide project financing for Pacifico Aquaculture. The post Fish: It’s what’s for dinner, as PE firms like Butterfly and Equilibrium test the waters appeared first on PE Hub.
Novo Holdings, a leading international life science investor, today announced it has participated in a $290m strategic financing round of Sangon Biotech. Tracey Wang, CEO of Sangon Biotech, said: “I am very pleased that the financing round attracted this many reputable institutional investors.
Paine Schwartz Partners , a NYC-based private equity firm which specializes in sustainable food chain investing, closed its $1.7bn food and agribusiness-focused Fund VI. Fund VI is exclusively focused on sustainable investments in the food and agribusiness sector. The British investor has closed.
OrbiMed, a global healthcare investment firm, is pleased to announce it has raised more than $4.3bn in commitments for its latest private investment funds, including OrbiMed Private Investments IX, OrbiMed Asia Partners V and OrbiMed Royalty & Credit Opportunities IV.
Given the funding needs for financing data centers and energy transition, there’s room to grow to hit the $25 trillion mark, Michael Zawadzki, Blackstone Credit and Insurance’s global chief investment officer said Friday in an interview with Bloomberg Television. tied to assets including microchips.
IRA Capital, a private equity firm based in Southern California, has recently announced the launch of the IRA Healthcare Real Estate Fund. The closed-end fund, with a total capitalization of $500m, will focus on acquiring medical properties and senior housing assets across the United States. for its investors.
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.
BaltCap, one of the largest private equity fund managers in the Baltics, has held the first closing of its €200m target BaltCap Infrastructure Fund II (BInF II), a 20-year successor fund focused on renewable energy generation and energy demand reduction.
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
While retail investors like you and I were the primary buyers over its 15-year history, the pending approval of a spot Bitcoin exchange-traded fund (ETF) holds the potential to unlock billions of dollars from Wall Street and other institutions, allowing investors to add the cryptocurrency to pensionfunds, 401(k)s, and other investment accounts.
Brosseau and his firm helped bring national attention to the debate over where Canada’s pensionfunds should be investing by penning an open letter last month to Finance Minister Chrystia Freeland , urging policymakers to alter the rules for pensions to “encourage them to invest in Canada.”
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. In this way, Finance Minister Chrystia Freeland’s fall economic statement was more interesting than she indicated it would be.
trillion Canadian funds: Almost no major Canadian pension manager has been spared. The largest fund, Canada Pension Plan Investment Board, lost five per cent on its property portfolio in its last fiscal year as the commercial real estate slump deepened.
It had received commitments from both existing and new investors that include institutional investors, insurance and pensionfunds, development finance institutions and family offices across the US, Europe and Asia-Pacific, it said. IFC committed about $40m to the new fund, with a co-investment sleeve of up to $30m.
Oak Hill Advisors (“OHA”) served as a Lead Arranger for the unitranche financing to fund Bain Capital Private Equity’s (“Bain Capital”) acquisition of Harrington Industrial Plastics (“Harrington”) from Nautic Partners.
This is vastly different from property-owning REITs, which are fairly simple to understand using kitchen table finance. For example, insurance companies and pensionfunds might find mortgage REITs a good portfolio fit, with diversification and total return (which assumes dividend reinvestment) driving the decision process.
Star Mountain Capital, LLC (Star Mountain), a private credit and secondaries specialist investment firm with approximately $3.75bn in assets under management, has closed its Value-Added Direct Lending Fund IV above its $750m LP capital target at approximately $1.2bn. There was strong support from new and longstanding clients from 25+ U.S.
average annualized total return, according to data from Ned Davis Research and Hartford Funds. Unless you work in a business's risk management or finance divisions, you may never have encountered this business. It even has an "outsourced chief investment officer" segment to handle defined benefit pensionfunds for clients.
percentage points above the Secured Overnight Financing Rate and at a discounted price of 98 cents on the dollar. percentage points above the Secured Overnight Financing Rate and at a discounted price of 98 cents on the dollar. Billion for Australia Private Credit Fund Ares Management Corp. Read more Ares Raises $1.7
Verdane Capital XI has closed at its €1.1bn hard cap, almost doubling the size of its predecessor fund which closed at €610m. The oversubscribed Fund received strong support from new and existing investors, including a re-up rate of more than 100%. This fundraise allows Verdane to continue addressing the growth funding gap in Europe.
James Hirai of Bloomberg reports Dutch pensionfunds send shockwaves through euro swap market: Dutch pensionfunds are plowing cash into long-dated swap contracts, according to strategists, upending one of this year’s most popular trades. The funds, by far the region’s largest with more than €1.5 in a client note.
The firm’s fund provides liquidity solutions for private equity-owned companies. CSSO III acquires direct minority stakes in private equity-owned portfolio companies, finances M&A growth and participates in concentrated continuation vehicles.
Reuters reports that Canadas BCI to buy BBGI infrastructure fund in US$1.32-billion largest listed infrastructure funds with a portfolio which includes projects such as bridges and tunnels, as well as education and health care facilities. is available on Yahoo Finance: BBGI Global Infrastructure S.A. billion ($1.32-billion),
Global alternative asset manager Ares Management Corporation, has closed its latest private credit fund at $34bn, making its the largest private credit fund ever raised, and reflecting a of high level investor demand for the asset class. ”
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