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ACCESS appoints private equity managers as it builds in-house investment team

Private Equity Insights

This marks a major step in its long-term investment strategy as the pool commits 500m annually to private equity 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 portfolio management.

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Swiss pension funds pivot toward homegrown private equity as appetite grows and barriers ease

Private Equity Insights

Momentum is building, in part, thanks to Swisscantos latest launch: the Private Equity 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.

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INVL Asset Management launches strategic lending fund targeting private equity credit

Private Equity Insights

The fund will invest in a vehicle managed by 17Capital, a private credit firm that lends to private equity managers, investors, and funds using net asset value (NAV) as collateral. The strategy provides investors with indirect exposure to private equity through credit instruments.

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PE rethinks NAV loans as investors push back

Private Equity Wire

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.

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OMERS Names a New Global Head of PE; BCI Wins PE 2024 LP of the Year

Pension Pulse

Fraser joins from 65 Equity Partners, where he was a founding partner of a multibillion-dollar private equity initiative and the US head of investing. Prior to that, Fraser was a partner at European private equity manager Bridgepoint Group Plc and co-led technology investments. through the end of 2024.

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Paceline Equity Partners Backs $175m Merger of GCOM Software and OnCore Consulting

Private Equity Insights

An affiliate of Paceline Equity Partners, LLC , a Dallas-based private equity manager, 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?

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LP sentiment to private markets remains strong, says Coller

Private Equity Wire

Some 86% of investors say that they expect to receive an increase in distributions from private equity managers in 2024 compared with 2023. Almost a third (29%) say that their private equity portfolios have delivered annual net returns of over 16%.