Asset Owners Continue Pouring Money into Alternatives in 2023, Up 19%
They keep private equity and venture capital as their top category by size, even though these two alts are lagging on investment returns, per a study.
Alternatives
GPIF, APG Launch Infrastructure Joint Investment Partnership
The funds plan to invest in developed markets.
Blue Owl Announces $750M Kuvare Acquisition in Latest Insurance Deal
The alternative asset manager plans to create Blue Owl Insurance Solutions following the purchase of Kuvare Asset Management and life and annuity insurance firm Kuvare UK Holdings.
Former Mercer, NEPC Director Launches Private Capital Consultancy
Seattle-based industry veteran Troy Saharic announced Pendlebury Hall Advisors on Thursday.
Abu Dhabi Launches Artificial Intelligence Tech Investment Vehicle MGX
The $100 billion fund’s founding partners are sovereign wealth fund Mubadala and AI company G42.
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.
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.
Fund Managers Target Overlooked ‘Middle Ground’ for Hedge Funds
Traditional pod shops may not be the only strategy for empowering fund managers.
Canada’s CDPQ Invests C$200M in Swedish EV Battery Developer
The investment will go toward the construction of a lithium-ion gigafactory in Quebec.
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.
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.
Treasury’s Record $4.3B Crypto Exchange Fine Adds to Pressure on Digital Assets
Binance was fined for money-laundering just after Kraken was charged and less than one month after a jury found FTX's Sam Bankman-Fried guilty of fraud.
Schroders Capital Launches $30B Credit and Debt Business as Asset Owners Flock to Alts
The new unit will deal in real asset debt, structured and corporate credit, specialty finance and impact lending.
Brookfield Raises $12B for Private Equity Program
Brookfield Capital Partners VI is the largest private equity fund in the firm’s history.
Goldman Sachs Asset Management Announces Partnership With Ontario Municipal Employees Retirement System
The partnership aims to invest in senior direct lending opportunities in Asia Pacific.