Private Equity Wire

APRIL 3, 2024

Fund V is larger than its two predecessor funds, Fund IV and Find III, which raised €230m and €95.8m, respectively. As the firm’s first completely pan-African fund, Fund V will leverage the firm’s extensive on-the-ground presence with seven offices on the continent.

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Pension Pulse

SEPTEMBER 3, 2024

Over the last decade, the real estate arm of Quebec’s $300 billion pension fund tore through U.S. When the company acquired the building in 2013 (it paid $850 million for a majority stake, then bought the remaining interest in 2016 for $913 million), it financed it with a $1 billion CMBS loan based on an appraised value of $2 billion.

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Pension Pulse

JULY 16, 2024

A higher cost of debt and slower economic growth have created a tough investing environment, pushing down the value of some private assets that pension funds own. Private credit has been one of the best-performing asset classes for some large pension funds in recent years, often earning double-digit percentage gains.

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Private Equity Insights

DECEMBER 15, 2023

The fund invests in North America and Europe , supporting the growth of companies primarily within the clean power generation, transmission, storage, energy efficiency and industrial decarbonization sectors, as well as associated services and supply chain businesses. Finance Can’t stop reading? Source: Yahoo!

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The Motley Fool

DECEMBER 6, 2023

times, it has the strongest finances of any of its closest peers. Essentially, during the lean times, it can take on debt to keep funding its business and dividend while it waits for better days. When energy prices recover, as they always have historically, the company reduces its leverage to prepare for the next downturn.

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Pension Pulse

NOVEMBER 14, 2023

As part of the provincial budget, Finance Minister Peter Bethlenfalvy announced recently that an initial $3-billion in public funding is planned for the OIB. Having a public development or infrastructure bank provide directed financing for such critical areas is nothing new. Germany, and China combined.

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Pension Pulse

JULY 3, 2024

“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 pension fund CN Investment Division. The size of the asset-based finance market is about $5 trillion to $10 trillion, he said.

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Pension Pulse

FEBRUARY 13, 2024

The Alberta pension plan hired David Scudellari in 2023 as head of international investment. trillion asset class as higher interest rates have drawn investors and bank financing for deals has dried up. AIMCo invests on behalf of 15 pension, endowment and government clients in the oil-rich Canadian province.

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Pension Pulse

AUGUST 14, 2023

utility NextEra Energy (NEE) in the United States, and struck a deal to finance offshore wind development with Australia's Macquarie Group (MQG.AX). In 2015 the two funds partnered with Banco Santander SA (SAN.MC) to launch Cubico, and became equal owners after buying out the Spanish bank's stake the following year.

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Pension Pulse

JULY 11, 2024

“It gets back to the ability to grow the operating performance of the companies and making sure that returns” come from that rather than from “financial leverage,” he tells Bloomberg. And the use of PIK and other forms of so-called “back leverage” makes it even more difficult to get a clear picture on the state of privately owned companies.

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Pension Pulse

APRIL 10, 2024

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. Further evolve our approach.

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American Investment Council

OCTOBER 11, 2023

highlights the industry’s role as a critical source of financing for small and medium sized businesses. Investments made by public and private pension funds constitute approximately 31 percent of private credit funds’ total assets, the report also notes. Private credit was responsible for adding 1.6

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Pension Pulse

JANUARY 31, 2024

It is not monolithic and includes such varied enterprises as pension fund investment managers such as AIMCo , insurance companies, investment banks, broker dealers, hedge funds, mortgage investment companies – and still others. The term NBFI captures a wide range of enterprises and therefore defies a common regulatory approach.

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Pension Pulse

JANUARY 24, 2024

It allows us to further leverage our subsidiaries' deep real estate expertise and the best talent in corporate services from all three organizations to execute our strategy and position CDPQ well for the future. The move follows a similar initiative by Ontario Teachers' Pension Fund, announced last June.

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Pension Pulse

APRIL 24, 2024

He added: “ADQ’s existing portfolio of infrastructure assets, many of which are emerging as national champions, will serve as a catalyst to leverage significant potential of public-private partnership projects together with Plenary, a leader in its field with a proven track record of delivering successful infrastructure projects globally.”

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Pension Pulse

SEPTEMBER 6, 2023

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. It's not as if some state pension fund benefits from opacity," SEC Chair Gary Gensler told reporters after the panel's vote.

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Hedge Funds Securities and Exchange Commission (SEC) Pension Funds Funds 64

Pension Pulse

SEPTEMBER 13, 2023

A report by the Asia Pacific Foundation of Canada found that between 2003 and 2017, Canadian pension funds 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.

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Pension Pulse

FEBRUARY 14, 2024

Oliver Senter, Executive Officer of Shizen Energy responsible for Investment & Finance, said: “We are delighted to announce a first co-investment project between CDPQ and Shizen. CDPQ is also the pension fund most present in its local economy globally. Some more food for thought for my pension readers.

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Pension Pulse

AUGUST 28, 2024

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.

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Pension Pulse

AUGUST 15, 2023

The growth came as the fund earned a 12-month total-fund net return of 4.8 The pension fund, which invests to pay for the retirement for 336,000 working members and pensioners, noted that as of Jan. 1 the plan was fully funded with a $17.5-billion billion funding surplus. per cent and 8.6

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Pension Pulse

JULY 4, 2023

Government concern about the pressure on Thames Water’s finances has been growing for several months. The company is still in talks with its shareholders about raising as much as £1 billion in fresh funds following a £500 million injection agreed last year. What happened to Bentley?

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Pension Funds Debt Shareholders Stakes 52

Pension Pulse

FEBRUARY 5, 2024

Its strategy is to complement existing products and concentrate investments in opportunities that may not be able to be leveraged within existing asset class mandates, enhancing clients’ overall investment strategies. I would urge my readers to click here to learn more about AIMCo's climate approach and how the ETOP will function in practice.

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Pension Pulse

SEPTEMBER 5, 2023

Iñaki Echave, senior managing director at OTPP said: "We intend to leverage our sector expertise and flexible capital to accelerate 7IM’s growth organically and through M&A." We intend to leverage our sector expertise and flexible capital to accelerate 7IM’s growth organically and through M&A. Aquiline declined to comment.

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The Big Picture

SEPTEMBER 19, 2023

Previously she was Chief Investment Officer at various state pension funds, including Maryland and Hawaii. So how does that relate to finance? And so they were both in finance and I decided that must be the absolute last thing I ever wanted it to do. So you end up going from the fund of funds to pension funds.

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Pension Pulse

AUGUST 3, 2023

It is supported by a highly motivated and aligned team of skilled professionals focused on acquisitions, asset management and finance. Leveraging the team’s experience, market knowledge and established networks, Boreal aims to create and to drive long-term value for its investment partners in a sustainable and responsible manner.

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Pension Pulse

AUGUST 23, 2023

It is for this reason that Canadian pension giant BCI finds itself in a rather enviable position. billion) public pension fund has spent much of the past decade using the secondaries market to cultivate a comparatively liquid portfolio of illiquid assets. billion; €158.2 They cannot sell easily.

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Pension Funds Assets Debt Private Equity Firms 52

The Motley Fool

OCTOBER 31, 2023

Over the past 36 years, Burgiss has created greater private asset transparency while serving institutional investors such as pension funds, endowments, foundations, and family offices. Having said that, we do, as I commented, believe that there is nice operating leverage, positive operating leverage in Burgiss given what they do.

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Pension Pulse

DECEMBER 21, 2023

He told me he tries to leverage the institution to form solid partnerships and add meaningful value. I told him I track pension funds very closely and there's no doubt CDPQ is a global leader in sustainable/ responsible investing. We began with a quick overview of his career.

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Mergers and Acquisitions Assets Pension Funds Leveraging 59

Private Equity Insights

OCTOBER 23, 2023

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.

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Pension Pulse

APRIL 25, 2024

Paula Sambo of Bloomberg reports Canada pension fund's credit head wants to take advantage of leveraged buyout boom: Canada’s largest pension fund plans to nearly double the size of its credit holdings over the next five years, and it’s counting on an upturn in leveraged buyouts to generate some of that growth.

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Pension Pulse

FEBRUARY 16, 2024

Top Funds' Activity in Q4 2023 Alright, let's get into it. With some $60 billion managed by dozens of teams, Citadel’s December-quarter 13F discloses positions worth hundreds of billions of dollars in the aggregate, thanks to leverage. Also keep in mind, the data is lagged by 45 days and doesn't include short positions or options.

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Private Equity Insights

MARCH 17, 2023

Question is: Can it become a one-stop shop for pension funds, endowments, insurers, and sovereign wealth funds eager for exposure to every major alternative-asset class — without diminishing its private credit franchise? The attractions of sticking with private credit are obvious.

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Pension Pulse

DECEMBER 18, 2023

(“BREIT”), Canada Pension Plan Investment Board (“CPP Investments”) through its subsidiary CPPIB Credit Investments III Inc., The FDIC is maintaining an 80% ownership stake in the venture and provided financing equal to 50% of the venture’s value. billion in the venture which holds a $16.8 BREIT), a U.S.

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Pension Pulse

MAY 23, 2024

But what’s even more relevant, he says, is that with $88 billion now invested in a province with a GDP of nearly $500 billion, “the Caisse is the pension fund that is the most invested, in the world, in its local economy.” Seated at Emond’s left elbow, a powerful ally—Quebec Finance Minister Eric Girard—comes to the Caisse’s defence.

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Pension Pulse

JUNE 7, 2023

Currently, the operating model and governance structures for the fund are still being finalized. Orida said PSP Investments is “ready to hit the ground running by leveraging the expertise that we already have in house.” billion in dispositions and financing proceeds. billion in financing. billion, valuation gains of $1.8

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Pension Pulse

JULY 24, 2024

The success of this monetization plan should be part of the Harvard Business Review case study so other large pension funds and sovereign wealth funds can mimic it. billion debt financing facility to support the growth of AI hyperscaler CoreWeave. I can't say I'm surprised.

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Pension Funds Buyout Stakes Assets 59

Pension Pulse

FEBRUARY 22, 2024

The private equity portfolio was affected by interest rate hikes as well as by an increase in financing costs, which affected certain private companies. Regarding the pension fund's bond assets, CDPQ said the fixed income market was characterized by higher yields and the narrowing of corporate credit spreads. and down 0.2%

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