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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?
The oversubscribed fund attracted significant backing from both returning and new investors, highlighting strong demand for the middle-market private equity firms focused investment strategy. The success of the fundraise reflects continued investor confidence in Pamlicos disciplined approach to value creation.
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.
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. Source: Alternative Credit Investor Can’t stop reading?
His hedge fund, Pershing Square Capital, invests in high-quality businesses with stocks that Ackman feels have become mispriced relative to their intrinsic value. Ackman's activist investor strategy requires a highly concentrated portfolio. Bill Ackman likes to focus on just a few companies at a time. stock indexes.
The California Public Employees' Retirement System, known as CalPERS, manages the largest pensionfund in the U.S. So, the moves made in the fund portfolio aren't to be taken lightly. The fund increased its stake in Tesla by 34% in the third quarter, and it's nearly tripled its position in 2023.
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%.
The fund is 33% larger than its predecessor, reflecting strong investor demand for energy transition investments. Brookfield Asset Management is targeting at least $7bn for its fourth infrastructure debt fund, expanding one of the largest strategies in the sector. Read more here. Read more here. Can`t stop reading?
Sources familiar with the matter indicate that Brookfield has advanced past rival infrastructure funds and strategic buyers following the submission of final offers last week. Canadian pensionfund Caisse de Dpt et Placement du Qubec (CDPQ), oil major Shell Plc, infrastructure investor IFM Investors, and Koch Industries.
Alchemy Partners closed its latest fund, Alchemy Special Opportunities Fund V, securing 1bn in capital commitments and surpassing its initial fundraising target. The fund focuses on European mid-market corporate special situations and has already deployed approximately 20% of its capital across nine investments in four countries.
Insight Partners, a leading global software investor, raised $12.5bn for its latest fund, Insight Partners XII. The fund, one of the largest in the firms history, will focus on high-growth software and technology companies across multiple sectors. Source: PR Newswire Can’t stop reading?
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.
It highlights the growing demand for liquidity solutions among institutional investors. The capital was secured from a broad range of global investors, including pensionfunds, insurance companies, sovereign wealth funds, and family offices.
AustralianSuper, the country’s largest pensionfund, is shifting money into equities on the expectation that artificial intelligence will fuel further gains in tech stocks. The A$335 billion ($223 billion) fund has started the new financial year 3% overweight in stocks. for the financial year. for its high growth option.
Blue Sage Capital closed its fourth private equity fund, Blue Sage Capital IV, at $618m, exceeding its $400m target and $550m hard cap. The Texas-based firm, known for investing in lower middle-market companies, raised more than twice the amount of its $300m predecessor fund. Can’t stop reading?
Enlightenment Capital, a private equity firm specialising in Aerospace, Defence, Government, and Technology (ADG&T), has held the final close of its fifth investment fund, which was oversubscribed, with $825m in capital commitments. The capital raised marks a 50% increase from its previous fund.
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).
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.
Dutch pensionfund PFZW has completed a $3.02 The pensionfund said in a statement that the companies have a “compelling climate transition strategy” and are “convincingly committed to switching from fossil fuel to low carbon energy sources”. Billion for Australia Private Credit Fund Ares Management Corp.
AP Pension has invested in a Morgan Stanley fund that aims to reduce carbon emissions by 1GT ahead of 2050. Danish pensionfund AP Pension has invested in the Morgan Stanley 1 Gigaton fund, which aims to remove one gigaton of CO2-equivalent emissions from the Earth’s atmosphere by 2050.
Private investment house Ardian has raised a record 3.2bn for its sixth-generation Expansion Fund, Ardian Expansion Fund VI (AEF VI), which will focus on making equity investments ranging from 50m to 300m, in private mid-sized businesses. Already 33% deployed, the fund has completed eight transactions in category-leading companies.
Australia’s third-largest pensionfund will officially open its first overseas outpost in London in November, a senior company official said, pushing for more private market investments as the sector outgrows the confines of home. The country’s biggest fund, AustralianSuper, recently poached senior executives from J.P.
ADIAs Executive Director Hamad Shahwan AlDhaheri noted the strategic fit with the sovereign investors growing relationship with AlbaCore. Founded in 2016, London-based AlbaCore manages $9bn in assets on behalf of global pensionfunds, sovereign wealth funds, insurers, consultants, family offices, and endowments.
International hedge funds and private equity firms are increasingly investing in Lloyds of Londons tax-exempt investment vehicle, as the 300-year-old UK institution expands its efforts to attract global investors, according to a report by the Financial Times. This has drawn increasing attention from alternative fund managers.
Nordic Capital has successfully closed its latest fund, Evolution II, at its 2bn hard cap, exceeding its initial target of 1.4bn. The re-up rate is reported to have exceeded 100% by capital, with strong commitments from both existing investors and new entrants.
AshGrove Capital (AshGrove), an independent pan-European speciality lender, has held the final close of AshGrove Speciality Lending Fund II at its hard cap of €650m, surpassing its original target of €500m. Fund II achieved a 107% re-up rate among existing limited partners as well as securing over €325m in new capital commitments.
Investcorp has been chosen by Kumpulan Wang Persaraan (KWAP), one of Malaysias largest pensionfunds, to manage a $110m special managed account focused on private equity. This mandate highlights Investcorps growing presence in Asia, where the firm has raised $2.2bn from institutional investors in the past 18 months.
Growth equity firm Valspring Capital has closed its first fund, Valspring Capital Fund I, exceeding its $255m target, with plans to focus on investments in growth-stage companies in the healthcare sector. Monument Group served as the placement agent for the fund, and Ropes & Gray provided legal counsel.
Major private equity firms have faced significant obstacles in selling or listing their China-based portfolio companies in 2023, with Beijings tightening restrictions on IPOs and a decelerating economy having left foreign investors capital effectively trapped, according to a report by the Financial Times. Today, the sentiment has shifted.
The United Nations Joint Staff PensionFund (UNJSPF) recently reduced the allocation to equity in its $92.5 billion portfolio in what Pedro Guazo, representative of the secretary-general (RSG) for the investment of the UNJSPF assets, describes as a conservative strategic allocation in response to the overvaluation in tech.
Shamrock Capital (Shamrock), an LA-based investment firm specialising in the media, entertainment, and communications sectors, has held the final closing of Shamrock Capital Growth Fund VI (Growth VI) and Shamrock Capital Clover Fund I (Clover I), with a combined $1.6bn in capital commitments.
31, 2023, a pensionfund that owns shares of Amazon has filed a lawsuit against Amazon's board of directors, alleging it "acted in bad faith" in declining to hire SpaceX to work on Project Kuiper. And as SpaceNews reported on Aug. A November 2020 expansion on the plans likewise failed to elicit guidelines or oversight from the board.
The fund attracted both new and existing investors, including sovereign wealth funds, pensionfunds, insurance companies, consultants, and multi-family offices. Warren Spector, chairman of Balbec, highlighted the strong investor confidence in the firms approach, investment process, and analytics.
Credit Fund IV's investors include state and county pensionfunds, corporate pensionfunds, sovereign wealth funds, endowments, foundations and insurance companies. The post KSL Capital Partners wraps up fourth credit fund at $1.26bn appeared first on PE Hub.
Private credit’s edge over buyout funds has been evident in seven of the last 10 quarters, partly due to direct lenders’ floating-rate loans, which provide steady interest payments. In the second quarter, private debt saw returns of 2.18%, while buyouts posted 1.47%, according to State Street’s index.
The fundraise attracted a range of global investors, with more than 465 investors in total from 44 countries across Europe, the Americas, the Middle East, and Asia. The LP base includes major pensionfunds, insurance companies, sovereign wealth funds, financial institutions, and high-net worth individuals.
Alternative investment giant Blackstone has opened its retail private credit fund ECRED to retail investors in France as part of an exclusive partnership with BNP Paribas’ wealth management and Cardif companies. Now, Europe beckons, with an estimated $50tn cash pile held by the continent’s affluent investors. has raised A$2.6
The report cites unnamed individuals familiar with the situation as revealing that the pensionfund, which oversees state pensions and other assets, aims to reduce its exposure to higher-yielding opportunistic credit strategies and shift focus towards more stable, mainstream direct lending.
Firms have adapted fundraising efforts – by raising capital from new regions and investor types. Flexible fund structures are on the rise, to accommodate a range of currencies and liquidity ratios. We recognise that each class of investor has its own challenges, and need to discuss these with their peers in a closed-door setting.
Alternative AUM will keep rising Investors have steadily increased their allocations to alternative investments over the years because they can lower volatility, enhance returns, and provide broader portfolio diversification. One factor expected to drive growth in alternatives is a growing allocation to these investments by wealthy investors.
Technology investor Lone View Capital has closed its inaugural fund, Lone View Capital Fund I LP, with $850 million of capital. Limited partners in Fund I include university endowments, sovereign wealth funds, charitable foundations, pensionfunds, asset managers, insurance companies and family offices.
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. Hedge fund billionaire Ray Dalio has called Alterra a “wonderful template” for others to copy. Alterra, which struck deals worth $6.5 billion with BlackRock Inc.,
ET this afternoon after Barron's reported that the California State Teachers' Retirement System (CalSTRS, the second-largest pensionfund in the U.S.) For a $320 billion retirement fund like CalSTRS, it may be worthwhile placing several small bets on troubled automakers in hopes one of them will take off.
Equity and debt investor Comvest Partners has closed its sixth flagship private equity fund, Comvest Investment Partners VI LP, with total capital commitments of $881 million. Like its earlier funds, Fund VI will… This content is for members only. Visit the site and log in/register to read.
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