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This marks a major step in its long-term investment strategy as the pool commits 500m annually to privateequity over the next five years. With potential asset growth and increased target allocations from member funds, total commitments could exceed 4bn-6bn.
His appointment comes as continuation funds increasingly become a mainstream exit route for privateequitymanagers. Lanel, a veteran of the investment banking sector with over 30 years of experience, will focus on originating and executing GP-led deals, including continuation vehicles.
The fund will invest in a vehicle managed by 17Capital, a private credit firm that lends to privateequitymanagers, investors, and funds using net asset value (NAV) as collateral. The strategy provides investors with indirect exposure to privateequity through credit instruments.
It offers a robust regulatory framework, flexible fund structures, and strong access to global capital. Liquidity needs have driven demand, making Luxembourg a prime hub for secondary fund activity. Learn more about fundraising efforts in Luxembourg by joining the Benelux PrivateEquity Conference in Amsterdam.
Read more: [link] Ardian, the French privateequity firm, has closed its latest mid-cap growth fund, Ardian Expansion Fund VI, at 3.2bn, surpassing its target by 10%. The fund represents a 60% increase from its predecessor. Ardian has already committed a third of the fund to eight transactions.
The country’s growing pool of pension funds and increasing corporate restructuring activities are drawing the attention of alternative investment firms worldwide. Source: The Korea Economic Daily If you think we missed any important news, please do not hesitate to contact us at news@pe-insights.com. Can`t stop reading?
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 privateequityfunds, such as pension funds to exert influence over GPs.
Bloomberg reports OMERS hires partner of Temasek-backed fund as Global Head of PrivateEquity: The Ontario Municipal Employees Retirement System hired Alexander Fraser, a former partner of a Temasek-backed fund, as the global head of its privateequity arm. OMERS PrivateEquitymanages approximately C$27.5
Arcano Partners has launched its fifth privateequity secondary fund, ASF V, with a fundraising target of €500m, to provide liquidity and capital solutions to both LPs and GPs through transactions in the secondary market.
The Seoul-based online fashion platform Musinsa has raised $130 million in a series C funding round headed by the global investment firm KKR. The capital infusion also includes support from Wellington Management. Executives there did not respond to a media request Wednesday. Source: YAHOO News Can’t stop reading?
Read more K-Fashion Platform Company Secures $130m in Series C Funding Led by KKR The Seoul-based online fashion platform Musinsa has raised $130 million in a series C funding. read more Blackstone Becomes First $1tr PrivateEquityManager Passing that milestone puts the firm in the same league as mutual fund behemoths and banking.
Trident Trust has acquired Tricor IAG Fund Administration Group (TIAG), a specialist provider of fund administration services to Asian privateequity and venture capital funds. All TIAG staff will be joining Trident Trust’s existing global team of over 200 fund administration professionals.
Read more K-Fashion Platform Company Secures $130m in Series C Funding Led by KKR The Seoul-based online fashion platform Musinsa has raised $130 million in a series C funding. read more Blackstone Becomes First $1tr PrivateEquityManager Passing that milestone puts the firm in the same league as mutual fund behemoths and banking.
Gresham House in July agreed with Seed Bidco Ltd, a newly incorporated entity formed by funds advised by Searchlight at 1,105 pence per share bid. Read more Paceline Equity Partners Backs $175m Merger of GCOM Software and OnCore Consulting An affiliate of Paceline Equity Partners, LLC , a Dallas-based privateequitymanager, today.
The expected increase in allocation to alternative assets reflects investor optimism about distribution levels, notably in privateequity. Some 86% of investors say that they expect to receive an increase in distributions from privateequitymanagers in 2024 compared with 2023.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up In other news, in the first half of 2023, privateequity (PE) and venture capital (VC) funds invested $21 billion in Indian enterprises and startups, indicating a solid recovery of risk capital inflow.
Privateequity’s challenges in returning capital to clients are increasingly affecting hedge funds, which depend on the same pool of institutional investors including pension plans, foundations and endowments, for their fundraising efforts, according to a report by the Financial Times.
Keensight Capital, a privateequitymanager dedicated to making European growth buyout investments with offices in Paris, London and Boston, has raised €2.8bn in funds to invest in companies operating in the technology and healthcare sectors.
The $1.3bn strategic capital arm of $50bn global alternative manager Investcorp has taken a minority stake in $7.3bn privateequitymanager Banner Ridge Partners and is now a passive, non-voting partner in the business. Terms of the deal have not been disclosed.
In her new role, Sulaiman will be responsible for driving investment origination and execution, building and maintaining relationships with key intermediaries, PE managers, company management teams and peer investors, as well as monitoring existing investments within Europe. QIC PrivateEquitymanages AUD9.2bn as of 31 March.
Paceline Equity Partners, LLC, a Dallas, TX-based privateequitymanager, closed Paceline Equity Partners Opportunity Fund II, at $780m. billion in equity commitments between […] The post Paceline Equity Partners Closes Opportunity Fund II, at $780M appeared first on FinSMEs.
Privateequityfunds have captured a record 50.5% of private capital fundraising year-to-date as the sector continues to lead private markets amid growing interest from private wealth investors, according to a new report from Barclays Private Bank. per cent 15-year internal rate of return (IRR).
The UK’s Shadow Chancellor Rachel Reeves has indicated that the Labour Party will uphold favourable tax treatment for privateequity executives in cases where fundmanagers invest their own capital, according to a report by the Financial Times. The latter is subject to a much higher tax rate.
Layan Odeh of Bloomberg reports CPPIB plows at least $5 billion into privateequity in three months: Canada Pension Plan Investment Board poured at least $5 billion into privateequity in the last three months of 2024 as the asset class regained appeal. gain in the quarter, driven by returns in privateequity and credit.
Valued at $1.45bn South Korean privateequity firm MBK Partners said on Tuesday it had launched a tender offer to. read more Ares Management Raises $3.3bn for Real Estate Secondaries Fund Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment.
The winners of the PrivateEquity Wire US Awards 2024, which recognise excellence among privateequityfundmanagers and service providers in the US across a wide range of categories, were announced at an exclusive ceremony and networking event today (9 October), at The Penn Club, New York.
The Global Report 2025: PrivateEquity, highlights that while the industry grapples with headwinds, surveyed investors and fundmanagers remain cautiously optimistic about a better 2025. Privateequity fundraising continues to face pressure from higher interest rates and global economic uncertainties.
The current economic climate of high inflation, rising interest rates, and market volatility is creating a complex environment for privateequity while the abundance of dry powder capital and the need to deploy funds is driving continued deal-making. However, GPs are facing stiff competition for assets which can inflate pricing.
Key decision-makers at Europe’s largest privateequitymanagers are to meet in London next year at The PrivateEquity Wire European Leadership Summit 2024. Visit the official PrivateEquity Wire European Leadership Summit website for more information on the event.
Keensight Capital, one of the largest privateequitymanagers dedicated to European Growth Buyout investments, raised €2.8 billion in funds to invest in leading technology and healthcare companies. This globally diverse LP base generated c.90% 90% […] The post Keensight Capital Raises €2.8
This is largely due to the emergence of start-ups backed by PrivateEquity and Managing General Agents (MGAs), attracting talent from established insurance houses. This influx has increased insurer capacity, especially in the London market, providing PrivateEquitymanagers with better options.
ACCESS, the United Kingdom's £35 billion Local Government Pension Scheme (LGPS) pool, is seeking two privateequitymanagers in its latest push into private markets following mandates to infrastructure and real estate managers in the last year.
PE managers increase focus on climate change and DEI Submitted 06/07/2023 - 10:50am The proportion of privateequitymanagers assessing and measuring climate-related risks has risen sharply over the last twelve months, supported primarily by a significant increase among Asian managers, according to a report by LGT Capital Partners.
Andrew Coyne laments in his latest opinion piece that eighteen years and $46-billion later, the CPP admits it could have earned more just by buying index funds: The Canada Pension Plan Fund had a bad year last year. The news is not that the fund trailed its benchmark in its most recent fiscal year. That’s not the news, however.
Brookfield Credit, the $305bn private credit investment division of $1tn-plus global alternative asset manager Brookfield Asset Management, is to make a $1bn investment in 17Capital’s net-asset-value private credit strategies.
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 pension funds such as the Public Sector Pension Investment Board. Cravath, Swaine & Moore LLP acted as legal counsel for OMERS PrivateEquity.
a Calgary-based privateequitymanager that focuses on energy. The original privateequity investment vehicle, formed more than a decade ago, is at the end of its life and other Aspenleaf shareholders are rolling their stakes into a continuation fund. according to a statement at the time.
Glow Capital Partners buys stake in uniform maker Cargo Crew Submitted 21/07/2023 - 10:37am Glow Capital Partners has taken a 51% stake in Australian hospitality uniform brand Cargo Crew, in the first deal for the Sydney-based privateequity firm’s Glow Growth Fund I. Like this article?
This week, the American Investment Council released the latest edition of our Public Pension Study , which found that privateequity remains the top-performing asset class for public pension funds and their more than 34 million beneficiaries nationwide. Over the past decade, privateequity delivered 15.2
Gillian Tan, Swetha Gopinath and Layan Odeh of Bloomberg report OMERS to stop making direct privateequity investments in Europe: The Ontario Municipal Employees Retirement System will stop making direct privateequity investments in Europe as the pension fund overhauls its operations there, according to people familiar with the matter.
This committed them to allocating 5 per cent of the assets in their default funds to unlisted equities by 2030. Nest, the UK government-backed workplace pension fund, said it preferred proven business models to early-stage venture capital. Because the high fees eat away at the returns.
Here are the key takeaways from their conversation: Background and BCI Overview: Jim Pittman has over 30 years of experience in finance and privateequity, with a background in accounting and industry experience as a CFO and COO. What Makes a Compelling Manager: Performance is key, with a focus on net returns (e.g.,
But I think privateequitymanaged business looking to make a big splash. Out of curiosity, are those the only investments you own or do you also complement that with mutual funds, index funds, anything like that? Has had some issues in the past with operating a motor vehicle. Let's just say that.
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