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Ardian, a leading global privateequityfirm, raised $30bn for its latest secondary investments platform. This fundraising milestone is one of the largest in the privateequity secondary market. It highlights the growing demand for liquidity solutions among institutional investors.
Major privateequityfirms have faced significant obstacles in selling or listing their China-based portfolio companies in 2023, with Beijings tightening restrictions on IPOs and a decelerating economy having left foreign investors capital effectively trapped, according to a report by the Financial Times.
Neuberger Berman successfully closed its NB Real Estate Secondary Opportunities Fund II LP (RESOF II) at $1.05bn, surpassing its $800m target. The fund focuses on real estate secondaries, acquiring stakes in mature funds, providing liquidity to limited partners, and recapitalising existing assets.
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. Can`t stop reading?
British banknote printer De La Rue is in discussions with privateequityfirm Disruptive Capital GP and pensionfund manager Pension SuperFund Capital, collectively known as PSFC Entities to sell up to 40% of its equity, according to a report by Reuters. The potential offer price of 1.25
Enlightenment Capital, a privateequityfirm specialising in Aerospace, Defence, Government, and Technology (ADG&T), has held the final close of its fifth investment fund, which was oversubscribed, with $825m in capital commitments. The capital raised marks a 50% increase from its previous fund.
Ardian raises over $20bn for secondaries fund the Paris-based PE firm has set a target for the fund of $25bn French group Ardian has amassed more than $20bn to buy stakes in privateequityfunds from investors, highlighting a corner of finance that is defying the broader slump in fundraising.
Australia’s third-largest pensionfund will officially open its first overseas outpost in London in November, a senior company official said, pushing for more private market investments as the sector outgrows the confines of home. The country’s biggest fund, AustralianSuper, recently poached senior executives from J.P.
Buyout firm EQT AB is teaming up with Germany’s richest man to acquire a 35% stake in German bus and train operator Flix SE. The privateequityfirm is investing through EQT Future, an impact-driven fund with a longer holding period. read more Blackstone’s Zawadzki Sees Private Credit as $25tn Market The $1.7
Buyout firms have long relied on controversial loans backed by equitystakes to enhance fund returns, but growing investor criticism has triggered a slowdown, according to a report by Bloomberg UK. The ILPA warns that any distributions received from a NAV-based facility might later be recalled to help repay the loan.
L Catterton, the privateequityfirm backed by luxury French fashion house LVMH, is looking to sell its stake in Saudi Arabian gourmet food producer and restaurant chain Bateel, according to people familiar with the matter. Read more BlackRock Unveils Climate Policies for $150bn in Funds BlackRock Inc.
I Squared Capital is considering selling a minority stake in Think Gas Distribution Pvt. The privateequityfirm is working with an adviser to sell as much as a 30% stake in Think Gas, said the people, who asked not to be identified as the information is private.
Orion Resource Partners, a global investment firm specialising in metals and materials, has sold an 8% minority interest in Sweetwater Royalties, a private industrial minerals royalty company, to a Canadian pensionfund for $100m. Source: PrivateEquity Wire Can’t stop reading?
The report cites Apollo partner Brian Feurtada as confirming that the the New York-based firm has so far assembled a roughly 10-strong family office with headcount expected to increase in the future. Blackstone and KKR & Co are also reportedly establishing units to focus on ultra wealthy private investors.
The market for secondary sales of privateequity (PE) stakes is experiencing unprecedented activity this year as investors look to exit ageing assets due to a cash crunch and a slowdown in dealmaking, according to a report by the Financial Times.
European utility Engie has joined forces with Canada’s second-largest pensionfund to try to buy British power network Electricity North West (ENWL), according to two sources with knowledge of the matter. Read more South Korea’s Hahn & Co raises $3.4bn for new buyout fund Aircraft landing gear maker Héroux-Devtek Inc.
The Australian Retirement Trust, a pensionfund valued at AUD 260bn ($174bn), plans to increase its private credit allocation over the next year, targeting opportunities in Europe and North America. Last month, ART opened an office in London, joining AustralianSuper and Aware Super’s expansion into the UK.
BC Partners, a London-based privateequityfirm with over $40bn in AUM, has agreed to sell Forno d’Asolo Group, an Italian manufacturer and distributor of frozen bakery products valued at €1.1bn ($1.2bn), to a Investindustrial, a European mid-market privateequityfirm, and Sammontana, an ice cream manufacturer.
Aldar Properties is continuing its foray outside the Middle East with a $111 million co-investment with privateequityfirm The Carlyle Group in logistics and storage assets across Europe. Aldar will join the Carlyle Europe Realty platform, the investment firm’s pan-European real estate portfolio, as part of the deal.
Coalesce Capital, a privateequityfirm focused on investments in human capital-driven and technology-enabled services companies, has closed its inaugural fund, Coalesce Capital Fund I, and parallel vehicles, with $900m in total capital commitments. Billion for Australia Private Credit Fund Ares Management Corp.
South Korea’s sovereign wealth fund, Korea Investment Corporation (KIC), is set to invest $150m in Apollo Global Management, the world’s second-largest privateequityfirm. As global funds seek alternative markets for investments and fundraising due to restrictions in China, Korea is emerging as a focal point.
RRJ Capital, the privateequityfirm founded by former Goldman Sachs Group Inc. banker Richard Ong, is seeking to raise as much as $2bn for a new fund that focuses on private credit in Asia. Read more MBK Partners Launches Tender Offer for Stake in Hankook &Co.,
The Ares Asia Direct Lending fund, the company’s first leveraged buyout vehicle for the region, has deployed over A$1.04 as it was delisted by privateequityfirm TPG Inc.; Allegro Funds as it acquired fuel retailer Gull New Zealand; and BGH Capital’s payments platform Pushpay, the firm said. has raised A$2.6
IRA Capital, a privateequityfirm based in Southern California, has recently announced the launch of the IRA Healthcare Real Estate Fund. The closed-end fund, with a total capitalization of $500m, will focus on acquiring medical properties and senior housing assets across the United States. for its investors.
Privateequityfirms have a direct stake in the outcome, as they frequently retain significant ownership in companies post-IPO exposing them to extended shareholder litigation risks that could impact fund performance.
Two of Australia’s largest pension investors pledged to pour $19bn into UK and European markets in coming years, as the industry increasingly looks for opportunities overseas. trillion pension industry, known locally as superannuation, which has increased assets invested overseas in recent years.
Investors in NPV ESG include KLP, a German occupational pensionfund, and a large Nordic pensionfund. Source: PrivateEquity Wire Can’t stop reading? read more The post NEC holds first close of $1.5bn NextPower V ESG appeared first on PrivateEquity Insights.
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. Still, I will wait to read the final report to see what Mr. Poirier has to say.
In April, Morgan Stanley’s infrastructure arm agreed to buy Milan-listed construction firm Salcef Group SpA with the Salciccia family, who have controlled it for decades. Read more Wealthy Families Fuel $20bn PrivateEquity Buyout Wave Ultra-rich individuals and families worth more than $150bn are helping drive a resurgence in.
LA-based privateequityfirm OpenGate Capital has partnered with Ownership Works, a nonprofit founded by KKR’s Co-Head of Global PrivateEquity Pete Stavros that is aiming to generate at least $20bn of wealth for employees over the next decade.
The Asia-managed fund says it has already deployed half the money raised in three platforms. Read more BlackRock Backs Seraya Partners’ $800m Asia-Focused Infrastructure Fund Top global asset managers including BlackRock are among investors in an Asia-focused. is said to be nearing a deal to buy a stake in Cotiviti Inc.
Investors in the Fund, which were a mix of numerous new investors as well as existing New Mountain Net Lease investors, include pensionfunds, insurance companies, asset managers, endowments, family offices and high net worth individuals. investment giant Blackstone is reportedly weighing offers for half its stake in the real.
The firm has built a diverse team of nearly 30 people, including investment professionals from a number of leading privateequityfirms as well as executives with significant operational expertise, such as the former CEOs of Engie, Siemens Gamesa and Avangrid.
It comprises 17 African shareholders—including sovereign wealth funds, development finance institutions, banks, pensionfunds, asset managers, and retirement agencies—and two international Institutional Investors. The collaboration brings together a diverse group of influential stakeholders from Africa and outside the region.
Layan Odeh of Bloomberg reports CPPIB plows at least $5 billion into privateequity in three months: Canada Pension Plan Investment Board poured at least $5 billion into privateequity in the last three months of 2024 as the asset class regained appeal. stake in video-game provider Keywords Ventures Ltd.
.” The raise announced today comprises committed capital investments in energyRe LLC from Glentra Capital alongside co-investors Novo Holdings and Denmark -based pensionfund PKA. In addition, a firm agreement has been reached with Elia Group for the acquisition of a stake in a subsidiary of energyRe: energyRe Giga.
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.” agreed to buy a Permian Basin rival and a controlling stake in.
stake in Italy's largest telecom network, aiming for digital growth: Canada Pension Plan Investment Board (CPP Investments) is set to expand its portfolio in Italy's digital infrastructure, having agreed to secure a 17.5 percent stake in NetCo for up to $2.9 interest in the company for up to €2.0 billion (C$2.9 billion (C$27.5
Different from public equity, where investors buy a stake in a publicly listed company, privateequity 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 privateequity in two ways.
Three of the largest have boosted their targets this year, including California Public Employees’ Retirement System, California State Teachers’ Retirement System and New York City’s pensionfunds. The Texas fund only has 77.5% of the assets it needs to pay future obligations.
But what’s even more relevant, he says, is that with $88 billion now invested in a province with a GDP of nearly $500 billion, “the Caisse is the pensionfund that is the most invested, in the world, in its local economy.” More than ever, Canada’s largest pensionfunds are being pressed to play the same role in the rest of the country.
Then she came across an investor presentation from a different universe: KKR, one of the world’s largest privateequityfirms. By that time, Mr. Stavros had decided to start an organization to promote his model more broadly, hoping to reach the 12 million people who work for companies that privateequityfirms own.
A CPPIB spokesperson said the name of the fund is Canadian Fund-of-Funds V and that as an evergreen mandate, it's an additional commitment to a customized mandate with the pensionfund. billion in Canadian privateequity investments on behalf of CPPIB, a Sept. 14 news release said.
Sarah Rundell of Top1000Funds recently interviewed Suyi Kim, Global Head of PrivateEquity at CPP Investments to go over what drives success at their giant PE portfolio: Suyi Kim, global head of privateequity at CPP Investments manages quite possibly the largest privateequity allocation in the world.
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