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This marks a major step in its long-term investment strategy as the pool commits 500m annually to privateequity over the next five years. The appointment follows ACCESS confirmation that it plans to establish an FCA-authorised investment management company, transitioning toward in-house portfoliomanagement.
Momentum is building, in part, thanks to Swisscantos latest launch: the PrivateEquity Switzerland Growth II L-QIF fund. These efforts are expanding opportunities in Swiss venture and private debt markets. The vehicle targets CHF150m (160m) for a first close in Q3 2024.
The fund will invest in a vehicle managed by 17Capital, a private credit firm that lends to privateequitymanagers, investors, and funds using net asset value (NAV) as collateral. The strategy provides investors with indirect exposure to privateequity through credit instruments.
Many firms borrowed against their portfolio companies to sustain the private market boom while dealmaking dwindled. Ares Management, Perpetual Investors, and 17Capital report that NAV loans are increasingly being reinvested into portfolio companies or utilised for add-on acquisitions instead of being used for payouts.
Fraser joins from 65 Equity Partners, where he was a founding partner of a multibillion-dollar privateequity initiative and the US head of investing. Prior to that, Fraser was a partner at European privateequitymanager Bridgepoint Group Plc and co-led technology investments. through the end of 2024.
An affiliate of Paceline Equity Partners, LLC , a Dallas-based privateequitymanager, today announced that it has participated in a $175m financing facility to support GCOM Software LLC’s merger with OnCore Consulting, LLC. Source: Businesswire Can’t stop reading?
Some 86% of investors say that they expect to receive an increase in distributions from privateequitymanagers in 2024 compared with 2023. Almost a third (29%) say that their privateequityportfolios have delivered annual net returns of over 16%.
Keensight Capital, a privateequitymanager dedicated to making European growth buyout investments with offices in Paris, London and Boston, has raised €2.8bn in funds to invest in companies operating in the technology and healthcare sectors.
Affiliates of Paceline Equity Partners, LLC, a Dallas-based privateequitymanager, today announced that they have acquired the Renaissance Dallas at Plano Legacy West Hotel, a full-service, upscale hotel located in the Legacy West development in Dallas, TX.
We look forward to continuing to partner with portfolio companies to build strong teams and execute our value creation engine.” We believe our guiding values and investment approach are differentiated in the marketplace and align well with investors looking for operationally oriented privateequitymanagers,” said Mr. Paldino.
The inaugural report, Forging New Paths: How private investors are capitalising on the evolution of private markets, sheds light on the resilience and growth potential of privateequity (PE), and venture capital (VC), identifying the key trends that private investors could consider when building a diversified portfolio.
The winners are: Managers Performance of the Year – Capital Raise: Buyout – Hellman & Friedman (Hellman & Friedman Capital Partners XI) Performance of the Year – Capital Raise: Fund of Funds – Goldman Sachs Asset Management (PrivateEquityManagers 2023) Performance of the Year – Capital Raise: Growth – Wellington Management (..)
Even with considerable uncertainty on a global scale as 2025 begins, with the combination of a strong, experienced team and a resilient portfolio, we continue to seek out the best opportunities to deliver steady, long-term investment returns for the Fund. Invested JPY 11.5 Committed JPY 11.5 billion (US$75 million) to Polaris Capital Fund VI.
“Privateequity distributions have gone down, the IPO market has been very thin, and M&A has been held back,” said Nick Moakes, chief investment officer of the £36.8bn Wellcome Trust. “If
Due diligence is more critical than ever for privateequity firms. LPs need robust analysis on GPs and portfolio companies before investing. For GPs, we provide solutions to monitor portfolio companies, especially on ESG factors which are growing in importance.
Key decision-makers at Europe’s largest privateequitymanagers are to meet in London next year at The PrivateEquity Wire European Leadership Summit 2024.
PE managers increase focus on climate change and DEI Submitted 06/07/2023 - 10:50am The proportion of privateequitymanagers assessing and measuring climate-related risks has risen sharply over the last twelve months, supported primarily by a significant increase among Asian managers, according to a report by LGT Capital Partners.
“This investment provides an opportunity to establish our presence in the sector and enhance our business services portfolio, backed by a team with deep industry expertise and a strong, customer-centric reputation.” “We Cravath, Swaine & Moore LLP acted as legal counsel for OMERS PrivateEquity.
This is largely due to the emergence of start-ups backed by PrivateEquity and Managing General Agents (MGAs), attracting talent from established insurance houses. This influx has increased insurer capacity, especially in the London market, providing PrivateEquitymanagers with better options.
The pension fund’s stake is worth around $200 million, with the entire company valued at about $800 million, said the people, who asked to not be identified because the details are private. a Calgary-based privateequitymanager that focuses on energy. The real estate portfolio declined 5.9
Glow Capital Partners buys stake in uniform maker Cargo Crew Submitted 21/07/2023 - 10:37am Glow Capital Partners has taken a 51% stake in Australian hospitality uniform brand Cargo Crew, in the first deal for the Sydney-based privateequity firm’s Glow Growth Fund I.
from privateequity Pensions & Investments By Arleen Jacobius | July 22, 2024 Privateequity produced a median annualized return of 15.2% public pension funds, according to a report by the American Investment Council, a privateequitymanager trade group. billion in privateequity assets, 14.2%
NAV finance is a financing tool used by many large privateequitymanagers for value creation and portfoliomanagement. 17Capital is a specialist in providing NAV finance to the privateequity sector, and has been active in the market since 2008.
District Court for the Southern District of Texas recently dismissed claims brought by the FTC against privateequity firm Welsh Carson Anderson & Stowe (WCAS) over claims regarding U.S. Anesthesia Partners, a portfolio company in Texas. The FTC sued private-equitymanager Welsh, Carson, Anderson & Stowe and U.S.
The advertisement specifically highlights Wellness Pet Company , a portfolio company invested in by Clearlake Capital, that provides premium natural food, treats, and supplements for dogs and cats.
The pension fund said previously that Michael Graham, its global head of privateequity, will retire in February. Omers will launch a global funds strategy within a new group called Private Capital. Eric Haley’s title will change to, Head of PrivateEquity, Buyout and he will lead the buyout strategy and teams.
John Graham, president and chief executive of the Canada Pension Plan Investment Board, which has C$576bn (£337bn) in assets, told the Financial Times he was opposed to “any constraint on portfolio construction” or “any influence to invest in a specific asset class or a specific part of the market”. At the end of September, 70.6%
Jim Pittman, Executive VP and Global Head of PrivateEquity at BCI, joined Giovanni Amodeo for a fireside of Mergermarket to discuss the evolving dynamics currently shaping the privateequity market, and where BCI’s $30.7 One other thing Jim neglected to mention is he has seeded privateequity funds in the past.
Steve Randall of Wealth Professional reports that Fengate hires privateequity executive from CPP Investments: Fengate Asset Management has bolstered its privateequity team with the addition of Jennifer Pereira as managing director. After graduating University of Toronto with a B.Sc.
Under the leadership of global head of privateequity Jim Pittman, the C$233 billion ($172.8 billion) public pension fund has spent much of the past decade using the secondaries market to cultivate a comparatively liquid portfolio of illiquid assets. Is that the true value of the portfolio? billion portfolio.
Global privateequity fundraising shrank last year, with the impact particularly felt in Europe, where there was a 30% decline from 2021, according to Preqin data. These enable firms to move assets from one fund they manage to another, without having to sell or list the asset. billion deal.
As an investment manager, you’d have to have gone pretty far out of your way not to have earned a sizable return. Indeed, the fund’s benchmark “reference portfolio,” a composite of global equity and bond indexes, gained 19.9 billion since inception of active management in 2006,” relative to the reference portfolio.
Digital privateequitymanager Moonfare has expanded its operations to Australia, providing eligible investors in the country with access to carefully curated funds from top-tier privateequitymanagers such as KKR, EQT, and the Carlyle Group.
The fund was seeded with a portfolio assembled in collaboration with Ardian, including exposures to over 15 top-tier privateequitymanagers. It forms part of Manulife IMs broader strategy to provide institutional investors with tailored access to high-quality privateequity assets.
The ELTIF-style fund focuses on co-investments in private companies, partnering with leading privateequitymanagers in strategies such as M&A, digital transformation, operational improvement, and strategic growth. Investors can participate directly or through trading platforms, depending on local availability.
The AlpInvest Strategic Portfolio Finance Fund II secured $3.2bn in capital commitments, alongside senior lending mandates and co-investment capital. It also targets credit secondaries, broadening its appeal to institutional investors in need of portfolio-level liquidity.
Major secondaries buyers such as Carlyle and Blackstone have reportedly been involved in deals requiring staples, though the practice appears most prevalent among mid-sized managers with a more urgent need to secure capital for new vintages.
The dislocation has particularly serious implications for privateequitymanagers relying on the leveraged finance markets to close buyouts, fund add-on acquisitions, or refinance portfolio company debt. With deal financing now in limbo, sponsors are facing delays and potential repricing across the board.
strategic stake in 1315 Capital for approximately $70.5m, expanding its presence in the healthcare-focused privateequity sector. The transaction strengthens Navigators portfolio while supporting 1315 Capitals continued growth. stake in 1315 Capital for $70.5m Navigator Global Investments acquired a 23.5%
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