Remove Performance Fees Remove Private Companies Remove Stakes
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Blackstone and CPP Investments Acquire AirTrunk From Macquarie and PSP Investments

Pension Pulse

MAM and PSP Investments have sold their 88% stake in AirTrunk. Khuda, who established AirTrunk in 2015, will remain with the company as the CEO. MAM and PSP Investments acquired a majority stake in AirTrunk in 2020. Macquarie’s fund and PSP will sell their AirTrunk stakes in full. He will remain as chief executive.

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Transcript: Mathieu Chabran

The Big Picture

And so at times it’s effectively when the essential is at stake that people can react constructively. And I think this is where the industry should be heading. How do you look at those?

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Sagard launches PE fund targeting retail investors

Private Equity Wire

Sagard, along with some clients, will initially seed the fund with CAD50m, primarily for acquiring stakes in middle-market private companies. Management fees are set at 1.5%, with performance fees of 12.5% The fund aims to generate long-term annual net returns between 14% and 18%. above an 8% hurdle.