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Neuberger Berman successfully closed its NB Real Estate Secondary Opportunities Fund II LP (RESOF II) at $1.05bn, surpassing its $800m target. The fund focuses on real estate secondaries, acquiring stakes in mature funds, providing liquidity to limited partners, and recapitalising existing assets. Read more here.
The difficulties in exiting investments have made some institutional investors, including pensionfunds, more cautious about allocating capital to the region. A senior executive at a leading investmentfirm predicted a dearth of exits from China for at least the next few years, further complicating the investment landscape.
The firm is looking to extend its role beyond investing client capital to managing funds for private equity and alternative asset managers, according to Chief Financial Officer Martin Small. The firms acquisition of private-credit giant HPS Investment Partners, which manages nearly $150bn in assets, is set to close this year.
L Catterton, the private equity firm backed by luxury French fashion house LVMH, is looking to sell its stake in Saudi Arabian gourmet food producer and restaurant chain Bateel, according to people familiar with the matter. Read more BlackRock Unveils Climate Policies for $150bn in Funds BlackRock Inc.
Orion Resource Partners, a global investmentfirm specialising in metals and materials, has sold an 8% minority interest in Sweetwater Royalties, a private industrial minerals royalty company, to a Canadian pensionfund for $100m.
Orion Resource Partners, a global investmentfirm specialising in metals and materials, has sold an 8% minority interest in Sweetwater Royalties, a private industrial minerals royalty company, to a Canadian pensionfund for $100m.
Everbridge, a specialist in critical event management and national public warning solutions, has entered into a definitive agreement to be acquired by software investmentfirm Thoma Bravo, in an all-cash take private transaction that values the business at approximately $1.5bn. billion) for a credit fund for Australia and.
Two of Australia’s largest pension investors pledged to pour $19bn into UK and European markets in coming years, as the industry increasingly looks for opportunities overseas. trillion pension industry, known locally as superannuation, which has increased assets invested overseas in recent years.
Sandbrook Capital, a private investmentfirm dedicated to transforming the world’s energy infrastructure, today announced the final closing of Sandbrook Climate Infrastructure Fund I at its hard cap of $1.5bn.
They’ve made a mark on Wall Street as go-to sources of capital for investmentfirms like KKR & Co. Germany’s Viessmann family, flush with cash after a major divestment, teamed up with KKR for its $3 billion acquisition of renewable energy firm Encavis AG announced in March. stake in the supermarket to existing owners.
Institutional investors include large organizations such as investmentfirms, insurers, and pensionfunds. They're sometimes called the "big money" because of the massive size of their investments. As you might imagine, institutional investors own major stakes in the so-called "Magnificent Seven" stocks.
Investors in the Fund, which were a mix of numerous new investors as well as existing New Mountain Net Lease investors, include pensionfunds, insurance companies, asset managers, endowments, family offices and high net worth individuals. investment giant Blackstone is reportedly weighing offers for half its stake in the real.
We are thrilled to be entering into this partnership, on behalf of our pensionfund client ABP and Asset Owner Partners, and we are eager to work closely with the euNetworks team as they continue to develop and further their strategic vision.” agreed to buy a Permian Basin rival and a controlling stake in.
An investmentfirm who had done some diligence on our business and wanted to back me and my team to spin it out, prevailed at the auction. I still owe the guys stake if I could find him. Their structures are built by their customers who are the limited partners by and large mostly its pensionfunds. I was blessed.
Chris Witkowsky of Buyouts reports Canadian giant PSP Investments shops $1 billion-plus portfolio: PSP investments is shopping a large portfolio of fundstakes that could total up to around $1.5 billion, according to sources and confirmed by the pension system in a statement to Buyouts.
Jennifer L of Carbon Credits reports Ontario Teachers’ Pension Plan buys majority stake in KKR’s Australian carbon project developer: A Canadian pensionfund Ontario Teachers’ Pension Plan (OTPP) has agreed to acquire KKR’s stake in a leading Australian carbon markets platform GreenCollar.
High profile investmentfunds including Stanley Druckenmiller’s Duquesne Family Office, David Tepper’s Appaloosa Management, Soros Capital and Lee Ainslie’s Maverick Capital all cut their stakes in Nvidia in the second quarter, the filings show. percent to its recently disclosed stake in insurance giant Chubb.
Alexandre Rajbhandari of Bloombeg reports Buffett sold More BofA stock while keeping Apple stake intact: Warren Buffetts Berkshire Hathaway Inc. in last years final months, while keeping a stake in Apple Inc. The Omaha, Nebraska-based conglomerate cut its stake in the bank to 8.9% intact following an earlier reduction.
Reuters reports that Canadas BCI to buy BBGI infrastructure fund in US$1.32-billion in a deal valuing the Luxembourg-based investmentfirm at 1.06-billion billion all-cash offer from Canadian pensionfund manager British Columbia Investment Management (BCI). billion ($1.32-billion),
One of the most dramatic moves in the third quarter was Chris Hohn’s TCI Fund Management selling its entire stake in Microsoft, which had previously totaled 11.8 David Tepper’s Appaloosa Management largely boosted its tech holdings in the period—except for Apple, which the hedge fund dumped entirely. The fund held 1.65
Benefits Canada reports BCI investing in financial services provider, building Brisbane apartment complex: The British Columbia Investment Management Corp. is acquiring a minority stake in a corporate consultant and fund administration provider. PBS Frontline also examines who is establishing trusts in South Dakota.
Iberdrola will have a majority stake of 51% in the assets. THE PERFECT PARTNER TO CO-INVEST Norges Bank Investment Management, which manages Norway’s sovereign wealth fund, has assets under management of around €1.4 trillion and stakes in more than 9,000 companies. It owns on average 1.4% trillion ($965.47
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. Its largest shareholder is Canadian pensionfund Ontario Municipal Employees Retirement System (Omers), which holds a nearly 32 per cent stake.
Among individual hedge funds, Warren Buffett’s Berkshire Hathaway Inc. revealed a stake in insurer Chubb Ltd. The value of investments in technology increased the most while real estate rose by the least for any industry. Tiger Global Management LLC increased its stake in Alphabet Inc. and Microsoft Corp. Class A shares.
Ziply is currently owned by a group of private equity funds led by Searchlight Capital, and to fund its purchase, Montreal-based BCE will use $4.2-billion per-cent stake in Maple Leaf Sports & Entertainment, the owner of Toronto’s professional hockey, basketball, soccer and football teams. More on that below.
Suave Brands Company, a portfolio company of Boston-based private equity investmentfirm Yellow Wood Partners (Yellow Wood), is to acquire the ChapStick brand from global consumer health firm Haleon, in a deal valued at around $510m. Read more Canada’s Top PensionFunds Embark on Major Private Credit Expansion with C$1.3
You can also click on column headings too and see which funds significantly increased their stake. But while everyone bought tech, a handful of billionaire investing titans such as Stanley Druckenmiller and David Tepper loaded up on aggressively on artificial intelligence stocks during the first quarter. dropped $1.15
A change of philosophy When Longchamps took charge of CDPQ’s private equity business, its PE holdings were made up of 75 percent direct investments and 25 percent fund interests. The shift required “a change of philosophy” for investment staff on the PE team, Longchamps adds. billion, according to its 2023 annual report.
The fundraising to date comprises $330 million in direct commitments and $150 million in co-investment allocations. Investors in NPV ESG include KLP, a German occupational pensionfund, and a large Nordic pensionfund.
A higher cost of debt and slower economic growth have created a tough investing environment, pushing down the value of some private assets that pensionfunds own. Private credit has been one of the best-performing asset classes for some large pensionfunds in recent years, often earning double-digit percentage gains.
Shannon Rebolledo staked out the parking lot as JBS left and PSSI came in. And while this is a PR disaster for Blackstone, I'm glad it was exposed because if it can happen at Blackstone -- arguably the biggest and most coveted alternative investmentsfirm in the world -- it can happen anywhere. Clearly that wasn't the case here.
billion; €6 billion) in liquidity last year, including roughly C$6 billion from selling direct investments and receiving dividend recapitalisations, and around C$3 billion from selling private equity fundstakes in the secondaries market, head of PE Martin Longchamps tells affiliate title Private Equity International.
Ian Bickis of The Canadian Press reports CPP Investments earned 8 per cent in latest fiscal year, net assets rose to $632 billion: Canada's biggest pensionfund earned an eight per cent return last year, but significantly underperformed the 19.9 Invested C$534 million in KPN, bringing our ownership stake to 2.9%.
utility Allete said on Monday that it had agreed a deal with investmentfirms Global Infrastructure Partners and CPP Investments to be taken private at a US$6.2-billion Once it closes, Canada's pensionfund will own a huge stake in this company and I have no doubt this will be a great long-term investment.
In private credit, tightening credit conditions resulting from a handful of bank failures and rescues in the United States have opened up opportunities for non-bank players like pensionfunds, he said. Christine Dobby of the Toronto Star also reports CPP Investments posts 1.3% Leduc, who said about 9.8 per cent return.
A CPPIB spokesperson said the name of the fund is Canadian Fund-of-Funds V and that as an evergreen mandate, it's an additional commitment to a customized mandate with the pensionfund. billion in Canadian private equity investments on behalf of CPPIB, a Sept. 14 news release said.
Invested £93 million in a debt facility to Vårgrønn, owner of a 20% stake in Dogger Bank Wind Farm, which is an offshore wind farm currently under construction, located off the coast of the U.K. The mandate will target investments in Canadian buyout and growth funds, secondary investments and direct co-investments.
IMCO CEO Bert Clark posted a comment on LinkedIn going over the Canadian model and other thoughts from the Fiduciary Investors Symposium: I recently had the pleasure of speaking at Top1000 Funds’ Fiduciary Investors Symposium Toronto 2024. The solution isn’t having pensionfundsinvest more in the existing opportunity set.
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