Pensions
HOOPP Returns 9.8% in 2023
The Healthcare of Ontario Pension Plan saw strong returns from public and private equities.
Tag: Private Equity
Alternatives
Record $3.2 Trillion in Unsold Private Equity Assets, Bain Reports
PE firms hold onto overpriced assets for longer, constraining distributions to LPs, but Bain sees a light at the end of the tunnel.
Alternatives
Slowdown in PE Exits, M&A Activity Leads to Smaller, Slower Distributions to Public Pension Funds
Some funds with significant allocations to private equity are facing a negative cash flow from PE distributions.
Pensions
Australia’s Pensions Regulator Launches Project on Unlisted Assets
The APRA is putting under review its practices for valuation of unlisted assets, including private equity, commercial real estate and infrastructure.
How to Navigate Energy Transition Risks
The amount of investment needed for this enormous task is $4 trillion yearly, but the effort is gearing up now.
Asset Allocation
NY State Pension Continues to Dial Back Its Stock Exposure
The New York State Common Retirement Fund exited more than $4.4 billion worth of public equity investments during the first 11 months of 2023, moving more into private equity and emerging managers.
Corporate Moves
AP3, Wafra Introduce Private Equity Investment Platform
Covalent will initially be capitalized with $1.05 billion to focus on investments in North America and Europe.
Risk
Possible IPO Stars for 2024: Private Equity Firms
Amid encouraging market performances of other public buyout companies, expect a spate of PE operators to go public, says PitchBook.
Pensions
Pennsylvania SERS Commits $220M to Private Equity, Real Estate
Along with new commitments to alternatives, the pension fund is also boosting pay for staffers.
Alternatives
M&A, VC, AI Activity Expected to Increase in Next 5 Years, per Coller Capital Survey
The semiannual private equity barometer survey included 110 PE managers answering questions about artificial intelligence, private credit and more.
Alternatives
Government Pension Fund Global Asks Parliament for PE Permission
Norway’s sovereign wealth fund made a request to the country’s ministry of finance to permit private equity investment estimated between $40 billion and $70 billion.
Pensions
UN Pension Fund Looks to Add 3 to Investment Team
The $82.4 billion UNJSPF is seeking investment officers for its sustainable investment, private equity and emerging debt portfolios.
Market Moves
KKR Announces Acquisition of Remaining 37% of Global Atlantic for $2.7B
The private equity giant has owned a majority share since 2021, and the transaction continues a trend of private equity companies buying insurance companies.
Asset Allocation
New York State Pension Commits More Than $1.3B in Investments in August
The majority of the month’s investment commitments were earmarked for the pension giant’s real estate portfolio.
Asset Allocation
Korean Pension Giant Acquires Stake in US Private Equity Real Estate Firm
The $750 billion National Pension Service’s investment provides it with an undisclosed minority interest in San Francisco-based Stockbridge Capital.