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Dutch Pension Fund Divests $3B from Fossil Fuel Firms

Private Equity Insights

Dutch pension fund PFZW has completed a $3.02 billion) divestment of stakes in fossil fuel companies, leaving only seven oil and gas firms in its portfolio. The pension fund is targeting 50 percent absolute carbon reduction by 2030 for equities, liquid credit and real estate, she noted. billion (EUR 2.8 Raízen S.A.,

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America's Largest Pension Fund Is Buying These 2 Megacap Growth Stocks

The Motley Fool

The California Public Employees' Retirement System, known as CalPERS, manages the largest pension fund 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.

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Australian $100bn pension fund targets private assets with London launch

Private Equity Insights

Australia’s third-largest pension fund 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.

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Florida pension fund looking to sell up to $4bn in private debt

Private Equity Wire

The report cites unnamed individuals familiar with the situation as revealing that the pension fund, 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.

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Australia’s second-largest pension fund to increase private credit allocation

Private Equity Wire

The Australian Retirement Trust, a pension fund valued at AUD260bn ($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.

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EQT & German Tycoon Buy €1bn Stake in Greyhound Owner Flix

Private Equity Insights

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. Switzerland-based Kühne Holding owns a majority stake in Kühne+Nagel International AG and is the largest single shareholder of Hapag-Lloyd AG, Deutsche Lufthansa AG and Brenntag SE.

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LVMH-Backed L Catterton Weighs Selling Stake in Saudi Arabia’s Bateel

Private Equity Insights

L Catterton, the private equity firm 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.

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