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return in 2024, boosted by private equity and stocks The Healthcare of Ontario Pension Plan (HOOPP) posted a 9.7% The pensionfund’s net assets grew to $123bn as of December 31, up from $112.6bn in 2023. return for its 2024 fiscal year, driven by strong gains in public equities and private equity.
Japans PensionFund Association for Local Government Officials (Chikyoren) has selected four firms two from the US and two from Japan for a global private equity mandate, according to a report by Asia Asset Management. The pensionfund oversees assets totaling JPY37.58tn (approximately $237.9bn).
Global alternative investment firm Investcorp has secured a $110m special managed account (SMA) mandate focussing on private equity investments, from Malaysia’s Kumpulan Wang Persaraan (Diperbadankan) (KWAP), one of the countrys top two pensionfunds.
The California Public Employees' Retirement System, known as CalPERS, manages the largest pensionfund in the U.S. So, the moves made in the fund portfolio aren't to be taken lightly. Its portfolio of stocks, private debt and equity, bonds, real estate, and other investments totals $452.3
The New York State Common Retirement Fund, one of the largest public pensionfunds in the US, allocated over $3bn in November 2024. Among the private equity investments, NYSCRF allocated $2bn across four tranches to Neuberger Bermans NB Co-Investment Fund III. More than $2.7bn went to private equity.
Canadian pensionfund Caisse de Dpt et Placement du Qubec (CDPQ), oil major Shell Plc, infrastructure investor IFM Investors, and Koch Industries. Colonial Pipeline, the largest fuel transportation network in the US, operates over 5,500 miles of pipeline from Houston to New Jersey.
AustralianSuper, the country’s largest pensionfund, is shifting money into equities on the expectation that artificial intelligence will fuel further gains in tech stocks. The A$335 billion ($223 billion) fund has started the new financial year 3% overweight in stocks.
Dutch pensionfund PFZW has completed a $3.02 The pensionfund said in a statement that the companies have a “compelling climate transition strategy” and are “convincingly committed to switching from fossil fuel to low carbon energy sources”. Billion for Australia Private Credit Fund Ares Management Corp.
Four of New York City’s five public employee pensionfunds, catering for teachers, police officers, firefighters and civil servants, are to up their allocations to private equity and other illiquid asset classes, as they look to boost investment returns, according to a report by Bloomberg.
The capital was secured from a broad range of global investors, including pensionfunds, insurance companies, sovereign wealth funds, and family offices. It highlights the growing demand for liquidity solutions among institutional investors. The $30bn raised comes amid record-breaking transaction volumes in the secondary market.
The fund aims to provide flexible credit solutions to mid-sized companies across Europe, focusing on direct lending and structured credit investments. The capital was raised from a global pool of investors, including insurance companies, pensionfunds, and family offices.
PC VI secured commitments from a diverse group of limited partners, including endowments, foundations, insurance firms, family offices, and pensionfunds. Since 2002, it has deployed over $4bn across 80 investments. The success of the fundraise reflects continued investor confidence in Pamlicos disciplined approach to value creation.
The Connecticut Retirement Plans & Trust Funds (CRPTF) has committed up to $450m to bolster its private equity portfolio, according to a report by Pensions & Investments citing an announcement by State Treasurer Erick Russell. As of June 30, the pensionfund had an actual allocation of 11.3%
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.
The fund focuses on real estate secondaries, acquiring stakes in mature funds, providing liquidity to limited partners, and recapitalising existing assets. Employee and limited partner commitments also contributed to the funds oversubscribed close.
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 investment firm predicted a dearth of exits from China for at least the next few years, further complicating the investment landscape.
New Forests, a global sustainable investment manager, has raised 410m in the first close of its latest fund, focused on climate and forestry initiatives. The fund, supported by European investors such as pensionfunds, insurers, and family offices, aims to reach a final target of 600m.
The country’s growing pool of pensionfunds and increasing corporate restructuring activities are drawing the attention of alternative investment firms worldwide.
31, 2023, a pensionfund that owns shares of Amazon has filed a lawsuit against Amazon's board of directors, alleging it "acted in bad faith" in declining to hire SpaceX to work on Project Kuiper. And as SpaceNews reported on Aug. A November 2020 expansion on the plans likewise failed to elicit guidelines or oversight from the board.
Investcorp has been chosen by Kumpulan Wang Persaraan (KWAP), one of Malaysias largest pensionfunds, to manage a $110m special managed account focused on private equity. KWAP, with over $36bn in assets, selected Investcorp from a field of more than 100 global private equity firms.
The move to a corporation from a partnership made it possible for more institutional investors to buy shares in the company, as some pensionfunds and insurance companies disallow investing in partnerships. In 2020, for example, it created Brookfield Renewable as part of its Brookfield Renewable Partners subsidiary.
It includes institutional investors such as pensionfunds, sovereign wealth funds, financial institutions, consultants, and family offices. The investor base for ASOF V is geographically diverse, with commitments from North America (45%), Europe (30%), and Asia-Pacific (25%).
The fund, one of the largest in the firms history, will focus on high-growth software and technology companies across multiple sectors. The capital was raised from a broad investor base, including pensionfunds, sovereign wealth funds, and family offices.
Read more: [link] Balbec Capital closed its latest credit fund, Insolve Global Credit Fund VI, securing over $1.7bn in commitments, making it the firms largest fundraising cycle to date. Warren Spector, chairman of Balbec, highlighted the strong investor confidence in the firms approach, investment process, and analytics.
As part of this initiative, BlackRock is establishing a GP solutions business to serve general partners (GPs) of alternative-asset firms, which oversee investments on behalf of limited partners like pensionfunds and endowments.
This $700m fund highlights the firms commitment to empowering middle-market companies with the financial tools they need to achieve long-term growth. The capital was raised from a diverse group of investors, including pensionfunds, family offices, and high-net-worth individuals.
Enlightenment Capital Solutions Fund V exceeded its initial target of $600m and its original hard cap of $750m, reflecting strong investor demand from a diverse pool of investors, including pensionfunds, asset managers, endowments, family offices, and insurance companies.
The New Hampshire Retirement System (NHRS) has approved two major commitments to alternative investments, totalling a combined $100m, as part of its ongoing strategy to diversify its portfolio, according to a report by Pensions & Investments.
HBX Group, the Spanish travel technology company known for its Hotelbeds brand and backed by private equity firms Cinven, EQT, and Canadian pensionfund CPP Investments, is gearing up for a 1bn ($1.04bn) initial public offering (IPO) in the coming weeks, according to a report by Reuters.
Frazier Healthcare Partners closed its $2.3bn Frazier Healthcare Growth Buyout Fund XI, exceeding its target in just six months The fund, known as FHGB XI, is focused on controlling interests in middle-market healthcare companies and secured strong backing from global limited partners, including public pensionfunds, financial institutions, sovereign (..)
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.
US pensionfund giant the New York State Common Retirement Fund has agreed a hefty $4.6bn of new alternatives fund commitments. The post NY State Common Retirement Fund commits $4.6bn across PE, credit, secondaries and RE appeared first on AltAssets Private Equity News.
In the broader credit market, where insurance companies and pensionfunds seeking high returns have driven yields lower, private debt continues to attract investors. In the second quarter, private debt saw returns of 2.18%, while buyouts posted 1.47%, according to State Street’s index.
Geographically, the fund has attracted a highly diversified group of investors, with LPs from 28 countries across the world, with notable growth in commitments from LPs in MENA, the Americas, Asia, the UK, the Nordics, and the Netherlands.
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.
The fund attracted both new and existing investors, including sovereign wealth funds, pensionfunds, insurance companies, consultants, and multi-family offices. Warren Spector, chairman of Balbec, highlighted the strong investor confidence in the firms approach, investment process, and analytics.
The LP base includes major pensionfunds, insurance companies, sovereign wealth funds, financial institutions, and high-net worth individuals. The fundraise attracted a range of global investors, with more than 465 investors in total from 44 countries across Europe, the Americas, the Middle East, and Asia.
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.
Pensionfunds, such as the Ontario Teachers Pension Plan, have also participated in the programme. A key feature of the scheme is its ability to fund reinsurance contracts through debt securities, known as catastrophe bonds (cat bonds).
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. Valspring Capital was founded in 2022 by a team that previously worked at Bain Capital Ventures.
The Fresno County Employees’ Retirement Association (FCERA) has approved $140m in new commitments to alternative investment funds during the fourth quarter of 2024, according to a report by Pension & Investments Online citing a letter from retirement investment officer Conor Hinds.
Credit Fund IV's investors include state and county pensionfunds, corporate pensionfunds, sovereign wealth funds, endowments, foundations and insurance companies. The post KSL Capital Partners wraps up fourth credit fund at $1.26bn appeared first on PE Hub.
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.
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