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Buyout firms have long relied on controversial loans backed by equity stakes to enhance fund returns, but growing investor criticism has triggered a slowdown, according to a report by Bloomberg UK. This shift partly reflects a rebalancing of power, enabling LPs in private equity funds, such as pensionfunds to exert influence over GPs.
Layan Odeh of Bloomberg reports CPPIB plows at least $5 billion into private equity in three months: Canada Pension Plan Investment Board poured at least $5 billion into private equity in the last three months of 2024 as the asset class regained appeal. stake in video-game provider Keywords Ventures Ltd. Invested SEK 1.2
This occurs when the value of bonds and shares of publicly listed firms decline, as they did recently, bringing down the total assets of a pensionfund. Canadian pensionfunds are among the largest private equity investors in the world. Denominator effect The first is what’s known as the “denominator effect.”
Different from public equity, where investors buy a stake in a publicly listed company, private equity refers to the private ownership of non-listed firms or of those that were once public and have been since taken private. CPP Investments invests in private equity in two ways.
However, some schemes said the higher costs of investing in unlisted companies could push up their own fees and deter investors. Nest, the UK government-backed workplace pensionfund, said it preferred proven business models to early-stage venture capital.
Moving into 2023, he set a goal of reducing the pension’s PE allocation to 18 percent within three years, primarily by selling companies and exiting fundstakes via the secondaries market. These professionals had been trained to spot top privatecompanies and PE funds, rather than to sell their investments.
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.
Michiel Willams of Net Zero Investor reports OMERS’ sustainability chief on why the C$127bn fund’s green investment spree will not slow down: OMERS, the defined benefit (DB) plan for municipal employees in Ontario, is increasingly positioning itself as one of Canada's greenest pensionfund investors. to sell its 24.5%
CDPQ's own public equities portfolio saw its performance "driven by growth stocks, as well as by large positions in Quebec companies, which performed well." The private equity portfolio was affected by interest rate hikes as well as by an increase in financing costs, which affected certain privatecompanies.
Sarah Rundell of Top1000Funds recently interviewed Suyi Kim, Global Head of Private Equity at CPP Investments to go over what drives success at their giant PE portfolio: Suyi Kim, global head of private equity at CPP Investments manages quite possibly the largest private equity allocation in the world.
They’re talking about asset management firms, in which public pensionfunds often have investments, supporting shareholder proposals meant to achieve social justice or climate objectives yet of dubious financial value. And this is being played out across public and private markets. The governance is equal,” he said.
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.
Big pensionfunds invest in big student housing programs because they're recession-proof businesses that add defensive cashflows to their portfolio. That's obviously important, but there's a defensive component to purpose-built student accommodation that pensionfunds very attractive. What about Canada?
Transitioning to a privatecompany with these strong partners will not only limit our exposure to volatile financial markets, it also will ensure ALLETE has access to the significant capital needed for our planned investments now and over the long term. Per Share in Cash DULUTH, Minn.— May 6, 2024 — ALLETE, Inc. Advisors J.P.
Shannon Rebolledo staked out the parking lot as JBS left and PSSI came in. No pensionfund wants to invest in privatecompanies that abuse immigrant children. I used to invest in top global hedge funds back in the day and I trusted nobody. How can this happen? Where did oversight fail?
And whilst we were dealing with the same counterparty, the same pensionfund, some of their constituents, some of the underlying boards, disagree on the approach to take there. And so at times it’s effectively when the essential is at stake that people can react constructively. How do you look at those?
Paula Sambo of Bloomberg reports Canada Pension Plan Investment Board joins startup at $100 million Reforestation Fund: Canada’s largest pensionfund has joined a project to produce carbon credits by planting more than 100 native tree species on degraded land in Brazil’s Amazon region.
Nicolas Van Praet of the Globe and Mail reports pension giant Caisse strikes deal to acquire Innergex Renewable Energy: Canadian pensionfund giant Caisse de dpt et placement du Qubec has struck a deal to buy Innergex Renewable Energy Inc. The Caisse will pay $13.75 Mr. Hope speculated that Boralex Inc.,
I do think theres a path, he said, adding he believes pension involvement in Canadian airports could start almost immediately with investments in adjacent assets such as parking garages and freight services as well as new developments like sustainable aviation fuel facilities that arent core to the business of an airport.
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