Marine Cole
Heightened global macroeconomic uncertainty, high valuations and market volatility are driving the $62bn US pension's strategy.
The firm sold its 21% stake in the company, which went public in 2013, to Chinese investors.
William Hagerty spent time at Trident Capital before co-founding his own firm 20 years ago.
.jpg "Private markets drive returns at Ontario Pension Board")
Performance for the Canadian pension plan’s private portfolio, which continues to grow, is in line with last year’s.
The firm, which is nearly doubling AUM with the new capital, has closed on two funds after fundraising for less than five months.
The fund, which targets longer-dated private market opportunities that don’t fit in its flagship fund, is nearing the halfway mark toward its $750m target.
.jpg "KKR, CDPQ make first long-term co-investment")
The acquisition of insurance company USI is part of a partnership between the two firms to target longer-duration and lower risk investments in businesses with stable recurring revenue.
The organisation could soon start delisting signatories who haven’t made progress towards the responsible investment principles, according to managing director Fiona Reynolds.
As LPs in the world’s largest private fund market start to embrace ESG, it is becoming harder to get away with ‘all talk and no action’ on responsible investment.
.jpg "Walking the line")
Whether through subscription lines of credit or preferred equity, general partners are actively increasing their use of corporate finance at the fund level.