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The capital was secured from a broad range of global investors, including pensionfunds, insurance companies, sovereign wealth funds, and family offices. This platform will enable Ardian to execute secondary transactions that provide risk-adjusted returns while offering much-needed liquidity to the market.
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. The fund increased its stake in Tesla by 34% in the third quarter, and it's nearly tripled its position in 2023.
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. Brookfield spun off its asset management business last year, but it maintains a 73% ownership stake in it.
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 transaction underscores growing demand for fund finance solutions as private markets continue to face liquidity constraints. This deal represents another step in Coller Capitals evolution as a secondaries specialist with an increasing focus on innovation and scale in fund finance, the firm said. Can`t stop reading?
Since then, it has funded bolt-on acquisitions including Wellframe and Altruista Health to expand the business. The sale to Bain Capital is expected to yield a two-fold return, sources said. Minority investors including Coatue Management are also set to sell their stakes in the deal. Can`t stop reading?
It includes institutional investors such as pensionfunds, sovereign wealth funds, financial institutions, consultants, and family offices. read more Alchemy Partners closes 1bn Special Opportunities Fund V Alchemy Partners closed its latest fund, Alchemy Special Opportunities Fund V, securing 1bn in.
This has left significant amounts of capital locked in China, with uncertain prospects for future returns. The difficulties in exiting investments have made some institutional investors, including pensionfunds, more cautious about allocating capital to the region.
Chris Witkowsky of Buyouts reports Canadian giant PSP Investments shops $1 billion-plus portfolio: PSP investments is shopping a large portfolio of fundstakes that could total up to around $1.5 billion, according to sources and confirmed by the pension system in a statement to Buyouts.
Buyout firms have long relied on controversial loans backed by equity stakes to enhance fundreturns, but growing investor criticism has triggered a slowdown, according to a report by Bloomberg UK.
The company's total allocation is spread across several of these ETFs, featuring a $238 million stake in BlackRock 's iShares Bitcoin Trust. As of June 10, over half of the top 25 most valuable hedge funds in the United States were exposed to Bitcoin via the spot ETFs. Consider when Nvidia made this list on April 15, 2005.
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.
The market for secondary sales of private equity (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.
Oliver Haill of Collective Investments also reports BBGI Global Infrastructure agrees takeover by Canadian pensionfund: BBGI Global Infrastructure SA (LSE:BBGI) has received a 1.6 billion all-cash offer from Canadian pensionfund manager British Columbia Investment Management (BCI).
The system works exceptionally well, yet in the past year, we have seen increasing calls to change this model and use pensionfunds as a policy tool. The system works exceptionally well, yet in the past year, we have seen increasing calls to change this model and use pensionfunds as a policy tool.
per-cent total return. Ziply is currently owned by a group of private equity funds led by Searchlight Capital, and to fund its purchase, Montreal-based BCE will use $4.2-billion per-cent stake in Maple Leaf Sports & Entertainment, the owner of Toronto’s professional hockey, basketball, soccer and football teams.
The firm has been focused on investor returns as of late. Last year, BC Partners sold a minority stake in PetSmart to Apollo Global Management. Billion for Australia Private Credit Fund Ares Management Corp. billion) for a credit fund for Australia and. billion) divestment of stakes in. Read more Ares Raises $1.7
US institutional investors are offloading their private equity holdings at slashed prices, reflecting a broader trend of reducing exposure to the illiquid asset class, with pensionfunds and endowments leading the charge, according to a report by the Financial Times.
In January, the fund said it would combine that real estate business with another specializing in lending against properties, a merger that’s expected to save the plan $100 million annually. The reorganizations change an approach that had made Canada’s pensionfunds powerhouses in the property market.
The fund gives investors access to portfolio of over 40 private infrastructure companies such as wind and solar parks, hydropower plants, recycling companies, data centres, fibre networks, district heating networks, railway wagons, private hospitals, etc. Billion for Australia Private Credit Fund Ares Management Corp. has raised A$2.6
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. Canadas largest pension notched a 3.8% billion 10-year net return of 9.2%
Laura Benitez and Nishant Kumar of Bloomberg report hedge funds draw pension money to riskiest corner of a $1.3 trillion credit market: A high-stakes trade in the riskiest corner of a $1.3 It promises returns as high as the mid- to high-teens. GoldenTree, which beat its target to raise $1.3
Investors in NPV ESG include KLP, a German occupational pensionfund, and a large Nordic pensionfund. read more Carlyle to acquire IK’s stake in cybersecurity specialist PR0PH3CY Global investment firm Carlyle is in exclusive negotiations to acquire Pr0ph3cy, a leading.
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.
banker Richard Ong, is seeking to raise as much as $2bn for a new fund that focuses on private credit in Asia. The Singapore-based firm has received initial interest from North American pensionfunds totaling $500m ahead of the fund launch in January, according to a fund document seen by Bloomberg News.
The Toronto-based pensionfund had 17% of its investments in Europe, including the UK, as of the end of 2023. The Toronto-based pensionfund, valued at $255.8bn, is seeking new ways to protect its capital after significant investments in the US. That compares with 35% in the US and 35% in Canada.
The closed-end fund, with a total capitalization of $500m, will focus on acquiring medical properties and senior housing assets across the United States. With an impressive track record in healthcare real estate, IRA has achieved an average annualized return of 48% and a net equity multiple of 1.7x for its investors.
Derek Decloet and Christine Dobby of Bloomberg report Canada taps ex-BOC governor to examine how pensionfunds invest: Canada’s finance minister has asked former central bank governor Stephen Poloz to examine ways to entice its pensionfunds to invest more in the country. That shift has spurred debate within the country.
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.
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 private equity funds from investors, highlighting a corner of finance that is defying the broader slump in fundraising.
Institutional investors include large organizations such as investment firms, insurers, and pensionfunds. As you might imagine, institutional investors own major stakes in the so-called "Magnificent Seven" stocks. Although 112 institutional investors exited their positions in Nvidia, 436 initiated new stakes.
Investor interest in this asset class has been rising in the last few years, largely stemming from a desire for stable returns at a time of high inflation and heightened volatility in public markets. KKR reportedly raised nearly $6bn for its second Asia-Pacific infrastructure fund in October last year, closing seven months after its launch.
Now, as it sets its targets for the next five years, it’s looking to measure the other benefits of the program, including boosted returns and more control over risks. While Chan says the cost savings “get the headlines” what is less talked about are the benefits to returns and managing risks. “We We have to look holistically.
Palash Gosh of Pension & Investments reports CDPQ posts 7.2% return in 2023: Caisse de Depot et Placement du Quebec, Montreal, delivered a net return of 7.2% in calendar year 2023, slightly below the benchmark return of 7.3%. For the five-year period, CDPQ returned an annualized 6.4%, above the 5.9% 22 release.
Florence Chong of IPE Real Assets reports ADQ buys 49% of infrastructure platform Plenary as CDPQ sells 20% stake ADQ, an Abu Dhabi state-owned investment company, has purchased a 49% stake in global public infrastructure group Plenary for an undisclosed price, believed to be around A$1bn (€609m).
This is an attractive total return compared to the $3,300 that the same investment in the S&P 500 index now would be worth. But can BlackRock's total returns continue to outpace the broader market? See the 10 stocks *Stock Advisor returns as of July 3, 2023 Kody Kester has positions in BlackRock.
Last April, the Council and Hydro-Qubec announced that the community would hold a minority stake in the Hertel-New York interconnection line, which will export electricity to New York State. ABOUT CDPQ At CDPQ, we invest constructively to generate sustainable returns over the long term.
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
Love Liman of Bloomberg News reports Sweden’s property rout drags down result of another pensionfund: Sweden’s pension system is increasingly caught up in a property crisis that’s hit commercial landlords, with one of the state-owned pensionfunds joining peers that have taken losses on its investments in real estate assets.
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.
These types of plans commonly come in the form of pension plans. [1] 1] A pension plan guarantees a certain level of retirement benefit based on your salary and how many years you worked for the company. [2] They are funded mostly by the employee (though the employer may also make contributions). [8]
Jennifer L of Carbon Credits reports Ontario Teachers’ Pension Plan buys majority stake in KKR’s Australian carbon project developer: A Canadian pensionfund Ontario Teachers’ Pension Plan (OTPP) has agreed to acquire KKR’s stake in a leading Australian carbon markets platform GreenCollar.
Keith Ambachtsheer wrote an op-ed for the Globe and Mail on how the Thames Water crisis offers cautionary tale for pensionfunds investing in private-market assets: There has been an unfolding management and financial crisis at giant British water and sewage utility Thames Water. That compares with returns of 9.8 per cent and 3.7
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.”
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