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Canadian pensionfund Caisse de Dpt et Placement du Qubec (CDPQ), oil major Shell Plc, infrastructure investor IFM Investors, and Koch Industries. Despite strong demand for energy infrastructure, developing new pipeline networks in the US faces regulatory hurdles, legal battles, and political resistance.
Anchored by the Development Bank of Japan (DBJ), the fund attracted a broad mix of limited partners spanning the US, Japan, Europe, Australia, and the Middle East. More than half of the funds capital is already deployed across 15 projects totalling 2.25 GW of solar and battery storage capacity. GW of generation capacity.
The Maine Public Employees Retirement System (MainePERS), based in Augusta, has approved two alternative investment commitments totalling up to $200m, according to a report by Pensions & Investments Online citing James Bennett, the Chief Investment Officer of the $20.2bn pensionfund.
PC VI secured commitments from a diverse group of limited partners, including endowments, foundations, insurance firms, family offices, and pensionfunds. UBS Securities LLC acted as the placement agent, while Ropes & Gray LLP provided legal counsel for the fund. Can`t stop reading?
It includes institutional investors such as pensionfunds, sovereign wealth funds, financial institutions, consultants, and family offices. Alchemy worked with Rede Partners as its placement agent and Macfarlanes as legal counsel during the fundraising process. Can’t stop reading?
Investor demand for the fund was exceptionally strong, with Blue Sage securing backing from a diverse group of Limited Partners, including university endowments, charitable foundations, pensionfunds, large family offices, insurance firms, and high-net-worth individuals.
Fund II achieved a 107% re-up rate among existing limited partners as well as securing over €325m in new capital commitments. In addition to strong European support, over 40% of Fund II capital comes from US-based investors.
According to a recent release, the fund raised in just four months and attracting a diverse range of investors from across Europe, the Americas, Asia, and the Middle East includes public and private pensionfunds, asset managers, sovereign wealth funds, family offices, and financial institutions, among its investor base.
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.
The fundraise secured significant support from new and existing investors, achieving over 100% net dollar retention from existing limited partners in the predecessor flagship fund. Proskauer served as legal advisor for Shamrock and no placement agent was used for the fundraise.
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. “The
Blue Sage raised Fund IV without a placement agent and limited the fund’s size to maintain its focus on lower-middle market investments, despite strong limited partner interest generated within just a few months of fundraising. Kirkland & Ellis provided legal services to Blue Sage on the Fund IV fundraise.
Just a year ago, such an allocation likely wouldn't have appeared on such filings, but with the approval of spot Bitcoin exchange-traded funds (ETFs) in January, the doors have been effectively opened for institutions like Goldman Sachs to gain exposure to the cryptocurrency.
Qatalyst Partners is serving as financial advisor and Cooley is serving as legal counsel to Everbridge. Kirkland & Ellis is serving as legal counsel to Thoma Bravo. Billion for Australia Private Credit Fund Ares Management Corp. billion) for a credit fund for Australia and. Read more Ares Raises $1.7 has raised A$2.6
This article was written in late October and it confirms a trend we have been seeing since last year, namely, Canada's large pensionfunds are tapping into the secondaries market to get rid of underperforming fund stakes to shore up liquidity and diversify vintage year risk. Gibson Dunn served as legal advisor to Investcorp.
UBS Securities and Credit Suisse Securities (USA) acted as joint placement agents for Fund VI. Kirkland & Ellis provided legal counsel. Read more Canada’s Top PensionFunds Embark on Major Private Credit Expansion with C$1.3 Trillion in Assets Six of Canada's biggest pensionfunds managing C$1.3
Rothschild and UniCredit acted as financial advisors and Latham & Watkins acted as legal advisor for the transaction. Billion for Australia Private Credit Fund Ares Management Corp. billion) for a credit fund for Australia and. Billion for Australia Private Credit Fund Ares Management Corp. Read more Ares Raises $1.7
The proposed reform, labelled the billionaires bill, which has reignited long-standing debates following Elon Musks high-profile legal battles, aims to recalibrate shareholder litigation standards potentially making it more difficult for investors to challenge corporate executives in court.
HP IX has over 90 investors, primarily institutional and well diversified across pensionfunds, sovereign wealth funds, insurance companies, asset managers and family offices. Davis Polk & Wardwell LLP served as legal counsel for HP IX. Harvest and its affiliates have over $20 billion of assets under management.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up The IRA Healthcare Real Estate Fund will primarily focus on acquiring, developing, and financing healthcare assets in markets with high barriers to entry and limited supply.
Difficult to comment without additional information, judge Nicola Bonucci, associate professor at Paris Cité University and former director of legal affairs at the Organization for Economic Co-operation and Development (OECD). We are talking here about three isolated cases, which concern individuals dismissed more than a year ago."
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 pensionfunds such as the Public Sector Pension Investment Board. Cravath, Swaine & Moore LLP acted as legal counsel for OMERS Private Equity.
Over 125 investors participated as limited partners in Fund X, including public pensionfunds, financial institutions, endowments, consultants, corporate pensions, sovereign wealth funds, family offices and funds-of-funds, with commitments coming from investors in the United States, Canada, Latin America, Europe, the Middle East and Asia.
Fund IV closed with commitments of $825 million from limited partners and the US Small Business Administration and $50 million from the general partner. Fund IV limited partners include university endowments, foundations, pensionfunds, insurance companies, banks, family offices, and industry executives from the U.S.
The Fund attracted capital commitments from a global base of institutional investors, consisting of pensionfunds, insurance companies, large institutional single and multi-family offices and private banks from across Europe, North America and APAC. 60% of its capital to 14 transactions across five countries in Western Europe.
Other investors in Idun II include global private and public pensionfunds, leading university endowments, foundations, insurance companies, and family offices. Other investors in Idun II include global private and public pensionfunds, leading university endowments, foundations, insurance companies, and family offices.
The fund attracted strong support from existing OIC investors who accounted for over 80% of the capital raised, while also adding new investors from Europe and North America. LPs include insurance companies, pensionfunds, foundations and family offices. Latham & Watkins LLP served as legal counsel to OIC and the Fund.
MFA preps for SEC fee disclosure legal challenge Submitted 15/08/2023 - 10:38am A legal clash between hedge funds and private equity firms and the SEC is looming large over the regulator's proposed plan to tighten rules on the disclosure of fees and dealing with investors, according to a report by Bloomberg.
Limited partner commitments for the fund came predominantly from continuing investors from the firm’s inaugural fund as well as several new investor relationships, including endowments and foundations, pensionfunds, insurance companies, family offices, funds-of-funds, and industry executives.
Texas-based private equity firm Trinity Hunt Partners has closed its latest fund, Trinity Hunt Partners VII, (Fund VII) at its hard cap of $700m in capital commitments, which was oversubscribed and had fundraising completed in under five months. Aviditi Advisors acted as private placement advisor and placement agent for Fund VII.
Fund II attracted support form a diverse group of institutional investors across North America and Europe, including corporate and public pensionfunds, endowments and foundations, asset managers, funds of funds, and family offices as well as high-net-worth individuals.
Lone View Capital, an LA-based private equity firm investing in the technology sector, has held final close of its inaugural fund, Lone View Capital Fund I with total committed capital of $850m, bringing the firm’s AUM to approximately $1.1bn. Kirkland & Ellis served as legal counsel for Fund I.
UK pensionfunds are better prepared for a climb in gilt yields. After last years crisis many DB funds are now stress testing for an 8 per cent climb in gilt yields, says pensionfund trustee Tegs Harding.
We are pleased with the continued expansion of our diverse investor base which includes a broad group of pensionfunds, sovereign wealth funds, financial institutions, endowments, and family offices from across the globe,” said Russell Cassella, Managing Partner. Houlihan Lokey Capital, Inc.
Fund III is 27% larger than its predecessor, Fund II, which closed at £821m, and attracted support from new and existing investors globally including public and private pensionfunds, endowments and foundations, asset managers and private investors from across North America, the United Kingdom, Continental Europe, Japan and Australia.
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.” UBS and Baker McKenzie acted respectively as financial and legal advisors to APG.
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.” UBS and Baker McKenzie acted respectively as financial and legal advisors to APG.
BlackFin’s global base of LPs is well diversified and includes Public PensionFunds, Sovereigns, Fund of Funds, Insurance & Asset Managers, Endowments and Family Offices. Fund IV will continue BlackFin’s highly successful strategy of investing across asset-light financial services subsegments.
This represents a 34% increase in size from its predecessor fund, Rubicon Technology Partners III, which closed in 2020. Simpson Thacher & Bartlett LLP served as legal counsel to the Fund and Rubicon. ” Rubicon was advised by PJT Park Hill as placement agent.
Latham & Watkins LLP and Torys LLP served as legal counsel to Ontario Teachers and BroadStreet. Kirkland & Ellis LLP served as legal counsel to Ethos Capital. Debevoise & Plimpton LLP served as legal counsel to BCI. Cravath, Swaine & Moore LLP served as legal counsel to White Mountains.
Fund III will continue Ara’s strategy of investing in the decarbonization of the industrial economy, the greatest source of carbon emissions globally. Rede Partners acted as placement agent, and Debevoise & Plimpton LLP served as legal counsel in the formation of Fund III.
Additionally, the firm raised $1 billion in commitments for co-investment vehicles dedicated to investing alongside Fund X. Kohlberg’s previous fund, Kohlberg Investors IX LP , closed with $3.4 As with its earlier funds, Lazard served as the placement agent for Fund X, and Ropes & Gray provided legal services.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up WPGG 14’s limited partners include existing investors in Warburg Pincus’ current funds as well as new investors to the firm. Kirkland & Ellis LLP served as legal advisor for WPGG 14.
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