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Shore Powers Up with New Capital

Private Equity Professional

Commitments for Shore’s three new funds came from the firm’s existing investors and select new limited partners, which include university endowments, financial institutions, pension funds, insurance companies, funds of funds, and family offices. © 2024 Private Equity Professional | October 9, 2024

Capital 130
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BlackRock (BLK) Q3 2024 Earnings Call Transcript

The Motley Fool

Meade -- General Counsel and Chief Legal Officer Good morning, everyone. G&A expense was up 8% year over year, primarily due to the timing of technology spend last year and higher professional services expense. Sales, asset, and account expense increased 6% compared to a year ago, driven by higher direct fund expense.

Assets 130
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Renovus Capital Beats Fund IV Target

Private Equity Professional

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, pension funds, insurance companies, banks, family offices, and industry executives from the U.S.

Capital 130
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PSP and OTPP Selling $1 Billion-Plus PE Stakes

Pension Pulse

This article was written in late October and it confirms a trend we have been seeing since last year, namely, Canada's large pension funds 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.

Stakes 59
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Private Equity's Creative Wizardry Posing Systemic Risk?

Pension Pulse

another Canadian pensions giant, told Bloomberg recently. A key challenge for regulators is that much of PE’s borrowing was arranged with loose legal terms at a time when lenders were fighting for deals, making it easier today to use financial wizardry to keep sickly businesses alive.

Buyout 59
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BlackRock (BLK) Q2 2024 Earnings Call Transcript

The Motley Fool

Meade -- General Counsel and Chief Legal Officer Thank you, operator. G&A expense was up 7% year over year, primarily due to the timing of technology spend in the prior year and higher professional services expense. We're seeing a lot of pension funds who are saying, "I'm at my liability. Christopher J.

Assets 130
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Alberta Appoints Former PM Stephen Harper as AIMCo's New Chair

Pension Pulse

The decision to put a senior government official on the board of the arm’s-length pension fund manager raises questions about AIMCo’s continued independence, and whether the move opens the door to the government to exert greater political influence or to steer the pension fund manager toward government priorities.