Market Moves
CPP Investments Taps Secondaries Market in $860M Sale
The Canada Pension Plan Investment Board announced the sale of 25 private equity fund interests to Ares and CVC.
Tag: Private Equity
Market Moves
Boston Celtics Sold to Consortium of Investors, Including Sixth Street
Symphony Technology Group CIO Bill Chisholm is the lead investor in the $6.1 billion deal for one of the NBA’s most recognizable and valuable franchises.
Newsmakers
OMERS Names Alexander Fraser as Private Equity Head
Succeeding Michael Graham following his retirement, Fraser will report to Ralph Berg.
Alternatives
McKinsey Sees Private Equity on Comeback Trail for 2025
Despite a murky two years that included a decline in fundraising, PE is showing resilience, according to the consulting firm McKinsey & Co.
Alternatives
NYSCRF Bulks Up on Real Estate Investments in December
The $275 billion pension giant committed more than $2 billion in total for the month.
Newsmakers
KKR Names Melissa Kivett as Head of Defined Contribution
The appointment comes during a push for private equity in DC plans.
Asset Allocation
ILPA Proposes New Private Equity Reporting Guidelines
The Institutional Limited Partners Association updates its templates for reporting and performance.
Asset Allocation
New York State Pension Commits Nearly $3B to Private Equity in November 2024
The New York State Common Retirement Fund earmarked $2 billion to a single Neuberger Berman fund.
Risk
Private Equity Ownership Degrades Health Care Quality, per Senate Report
A bipartisan Senate Budget Committee found that PE firms prioritized profits over patients.
Asset Allocation
Buffalo Bills, Miami Dolphins Finalize NFL’s 1st Private Equity Investments
Arctos Partners and Ares Management will take stakes in the Bills and the Dolphins, respectively, following a landmark August decision that permitted PE investments in the football league.
Alternatives
Most LPs Wary of Sports Investments, Survey Finds
Despite growing popularity, 81% of PE fund investors reported that the risks of sports funds are too great, per a survey from Coller Capital.
Asset Allocation
New York State Pension Earmarks $850M for Private Equity, Credit Investments
The quiet month was preceded by a two-month, $7.6 billion investing spree.
Pensions
Ontario Teachers’ Pension, Nordic Capital Acquire Max Matthiessen
The pension fund also bought three logistic assets in Paris.
Asset Allocation
New York State Pension Commits $4.6B in Investments in September
More than half is earmarked for its opportunistic absolute return strategies and credit portfolios.
Asset Allocation
CPPIB Leads Global Pension Funds With $144B Allocated to Private Equity
The 20 pension funds with the largest private equity allocations committed $708 billion during the first 10 months of 2024.