Pension Pulse

JULY 11, 2024

Investors simply want firms to return to their founding mission: Improving the companies they own. It gets back to the ability to grow the operating performance of the companies and making sure that returns” come from that rather than from “financial leverage,” he tells Bloomberg. Oleg Melentyev, Bank of America Corp.’s

Buyout 59

Buyout Debt Leveraging Collateral 59

The Big Picture

SEPTEMBER 23, 2024

But because these are really good businesses, which got levered, they got leveraged through these leverage buyouts. Early nineties was the start of the modern high yield leverage buyout business done at scale. Not, not direct lending much more the higher risk, higher return lending. There’s leverage.

Debt 59

Debt Leveraging Banks Leveraged Buyouts 59

The Big Picture

DECEMBER 5, 2023

Because the, today where we talk about return on equity, your margins, what’s your stock price back then if, if you were in business in, you know, the real world, they said how many people worked for you? And the institutional investors often are thinking if you’re a big state pension fund, I want 10%, 20%.

Private Equity Firms 69

Private Equity Firms Private Equity Firms Mergers and Acquisitions Debt 69

The Big Picture

JANUARY 24, 2023

And what was interesting was the first leveraged buyout of a public company happened when I was in graduate school. KLINSKY: In 1979, it was the first leveraged buyout of a public company. We had sold the family business, maybe buy another family business one day through a leveraged buyout. RITHOLTZ: Sure.

Leveraged Buyouts 105

Leveraged Buyouts Private Equity Firms Private Equity Firms Debt 105

Pension Pulse

NOVEMBER 10, 2023

The Fund, which includes the combination of the base CPP and additional CPP accounts, achieved a 10-year annualized net return of 9.6%. For the quarter, the Fund’s net return was 0.1%. For the period, the Fund’s net return was negative 0.7%. dollar relative to the Canadian dollar.

Investing 59

Investing Buyout Stakes Assets 59

Pension Pulse

MARCH 25, 2025

Changing investment approach amid market challenges Ontario Teachers shift comes as Canadas largest pension funds, known as the Maple Eight, are reconsidering their investment strategies. These funds collectively manage about $2.3 percent one-year net return last year, growing assets to more than C$266 billion.

Pension Funds 59

Pension Funds Buyout Leveraged Buyouts Stakes 59

Pension Pulse

MARCH 3, 2025

Ralph Berg, chief investment officer at OMERS for nearly two years, brings a fresh perspective to pension fund management with a history and work pedigree different to what you might expect from a Canadian fund investment boss. Private equity is the final piece of the puzzle with investments dominated by the buyout program.

Buyout 52

Buyout Pension Funds Investing Assets 52

The Big Picture

JUNE 20, 2023

It’s now become giant, dominated by four firms, and no longer generating outsized returns. I think that the asset stripping that has also occurred, pensions, for instance, are sold off, overfunded pensions get sold off and that goes into the private equity firm instead of into the company itself.

Private Equity Firms 59

Private Equity Firms Private Equity Firms Financing Finance 59