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Over the past decade investors increased their allocation to less liquid private market assets, including buyout funds and real estate, in the hunt for higher returns. The trend turbocharged the growth of secondary funds that offer the likes of pensionfunds the chance to exit such investments early if they need to.
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.
The privateequityfirm is working with an adviser to sell as much as a 30% stake in Think Gas, said the people, who asked not to be identified as the information is private. The asset could attract investmentfunds and pensionfunds, the people said.
Last January, Bloomberg reported that JPMorgan’s investmentbank had allocated over $10bn of its balance sheet for direct lending and was focused on forming partnerships with asset managers to collaborate on private credit deals. Source: PrivateEquity Wire Can’t stop reading?
Blackstone's unique investment business Blackstone manages investments for big money managers, including pensionfunds and institutional investors, and its $1 trillion in AUM makes it one of the largest asset managers in the world. What sets Blackstone apart from competitors is its investing style.
GrowthCurve Capital has held the final close of its inaugural privateequityfund, GrowthCurve Capital Partners I, with total capital commitments of $1.4bn for the fund and related co-investment vehicles. Japan’s Sumitomo Mitsui Banking Corp. SMBC), Asian Infrastructure InvestmentBank (AIIB), and.
In April, Morgan Stanley’s infrastructure arm agreed to buy Milan-listed construction firm Salcef Group SpA with the Salciccia family, who have controlled it for decades. The shift is catching the eye of major investmentbanks. Darren Allaway, a London-based managing director in Goldman Sachs Group Inc.’s
This new hire is part of Lazard’s broader initiative to enhance its business with privateequityfirms. At Guggenheim, Haydon served as Senior Managing Director in financial sponsor investmentbanking. At Guggenheim, Haydon served as Senior Managing Director in financial sponsor investmentbanking.
The Asia-managed fund says it has already deployed half the money raised in three platforms. Read more BlackRock Backs Seraya Partners’ $800m Asia-Focused Infrastructure Fund Top global asset managers including BlackRock are among investors in an Asia-focused. is said to be nearing a deal to buy a stake in Cotiviti Inc.
Singapore- and New Delhi-based privateequityfirm Quadria Capital has marked the first close of its third investment vehicle. “We are on track to reach our final target for this fund, which puts us in good stead to execute our strategy and capitalise on a rich pipeline of opportunities.”
Yet, like its peers, Ares feels compelled to diversify into other asset classes, such as real estate, infrastructure, and privateequity. The attractions of sticking with private credit are obvious. It’s easy enough to understand why Ares Cap would prefer to lend to a big firm than to a small- or middle-market one.
Low De Wei of Bloomberg News reports BlackRock, Aimco Back $800 Million Asia Infrastructure Fund: An Asia-focused infrastructure fund has raised $800 million from investors including funds managed by BlackRock Inc. and pension manager Alberta Investment Management Corp., amid renewed interest in the asset class.
They’re one of the older privateequityfirms around, been been in business since 1994. And that was very important because when this was the dawning of what is now a big analyst program across the country in all banks and investmentbanks. How did those experiences lead to a career in privateequity?
Investmentbanks were not really a known concept in the area where I grew up. So what I mean by that is, first, understand the duration of your funding source. Pensionfunds have quite long-dated capital. So first, understand the duration of that funding source. That’s what I mean by liabilities.
Apollo is one of a number investors, both wealthy individuals and professional money managers, that have reached out in recent weeks to BDT & MSD Partners, the investmentbank advising the Redstones, according to people familiar with the discussions. Privateequityfirms RedBird Capital Partners and KKR & Co.
BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, I have an extra special guest, his name is Steve Klinsky, and he has an absolutely storied history in the field of privateequity. It was between corporate law and investmentbanking. Well, there were only 20 privateequityfirms in the world in 1984.
She will focus on diligence for co-investment, fund and secondary opportunities predominantly in the middle and lower middle-market buyout and growth equity space. She began her career in investmentbanking at the Royal Bank of Canada in London. QIC PrivateEquity manages AUD9.2bn as of 31 March.
That whole distressed debt department at city 00:06:31 [Speaker Changed] Banks are wanting to sell? I work for a really senior guy in the investmentbank. It was very much a brokerage house with a growing, expanding investmentbank. It wasn’t really a proprietary investing trading culture.
“On things like NAV loans and margin loans, it’s just additional leverage and if things go against you, you can have a problem,” Stavros, KKR’s cohead of global privateequity, said at the Berlin event. Some investors don’t want firms using such tools to flatter returns.
It’s late April, and Emond is appearing at a hearing at Quebec’s National Assembly, where parliamentarians are zeroing in on a perceived dilution of the share of assets the Caisse de dépôt et placement du Québec has invested at home, from 26.1% CPP Investments, meanwhile—Canada’s largest pension investor, with the Caisse at No.
And what was fascinating about Drexel and kind of the diaspora, if you will, of that era was that we all basically went out looking to take that experience, particularly in high yield and kind of buyouts and financing, and do it at either banks or other investmentbanks. KENCEL: — as an equity partner, right?
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