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HOOPP reports 9.7% return in 2024, boosted by private equity and stocks

Private Equity Insights

return in 2024, boosted by private equity and stocks The Healthcare of Ontario Pension Plan (HOOPP) posted a 9.7% The pension fund’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.

Returns 273
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BlackRock expands private equity focus with new financing initiative

Private Equity Insights

As part of this initiative, BlackRock is establishing a GP solutions business to serve general partners (GPs) of alternative-asset firms, which oversee investments on behalf of limited partners like pension funds and endowments. Once finalized, BlackRock plans to launch a dedicated financing unit led by a team from HPS.

Financing 162
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AllianzGI closes €1.5bn Private Markets Credit Opportunities Fund

Private Equity Insights

The capital was raised from a global pool of investors, including insurance companies, pension funds, and family offices. AllianzGI noted that the strong investor response underscores the growing demand for private credit as an alternative to traditional bank financing, particularly as banks retreat from mid-market lending.

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French private equity firm Ardian raises $30bn for secondary investments platform

Private Equity Insights

The capital was secured from a broad range of global investors, including pension funds, 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.

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Fund Friday: Top fundraising news in private equity

Private Equity Insights

The fund attracted both new and existing investors, including sovereign wealth funds, pension funds, insurance companies, consultants, and multi-family offices. He noted a growing demand for Balbecs asset-based and specialty finance strategies as investors seek diversification. reaching its $999.9m

Funds 147
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New Forests raises €410m for sustainable forestry fund backed by European investors

Private Equity Insights

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 pension funds, insurers, and family offices, aims to reach a final target of 600m.

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Colbeck Capital closes $700m strategic lending fund

Private Equity Insights

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.