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Hedge funds and private equity firms pour more money into Lloyd’s ILS vehicle

Private Equity Wire

International hedge funds and private equity firms are increasingly investing in Lloyds of Londons tax-exempt investment vehicle, as the 300-year-old UK institution expands its efforts to attract global investors, according to a report by the Financial Times.

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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. percent, according to information from PSP.

Stakes 59
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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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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.

Capital 130
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Renovus closes oversubscribed fund IV at $875m

Private Equity Wire

Founded in 2010 by three long-term colleagues, Renovus specialises in investments within the Knowledge & Talent sectors, including Education, Technology Services, Healthcare Services, and Professional Services. Earlier this year, Renovus announced the closing of its first multi-asset continuation fund at $325m.

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Robert Poirier to Lead OMERS Governance Review; OPE Acquires Integris

Pension Pulse

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 pension funds 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.

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Appian (APPN) Q2 2023 Earnings Call Transcript

The Motley Fool

Next, a top Canadian pension fund manages billions of dollars in investments. Professional services revenue was $33.9 On a constant-currency basis, professional services revenue declined 2% year over year. It's aiming to double its portfolio size. million, an increase of 2% year over year. This assumes 73.2