Just one week after increasing its airport holdings, the Ontario Teachers’ Pension Plan has acquired Impark, the third largest parking service company in North America, in a move indicative of pension funds’ increasing interest in infrastructure.
The combination of favorable market conditions and impending increased capital requirements for insurance firms has spurred a record £3 billion in UK pension buy-ins, KPMG reports.
US private equity firm The Carlyle Group is seeking to sell up to £200 million ($326 million) of equity in RAC, the roadside rescue business it purchased from Aviva for £1 billion a month ago, The Sunday Telegraph has reported.
Venture capital firms provided 5% less funding to start-ups during the second quarter of 2011 compared to 2010, Dow Jones VentureSource reported; a lack of institutional investors to fund the venture capital firms may be to blame.
As state and municipal governments face severe financial pressures and scarce levels of cash, perhaps more creative approaches are needed -- industry observers note that in-kind contributions may be one necessary, helpful option.
The Ontario Teachers’ Pension Plan has made an agreement with Australian Airport owner MAp Airports in which the two parties will swap holdings in three different international airports.
The Reserve Bank of India has objected to a plan to create India’s first sovereign wealth fund by carving out billions from the country’s foreign exchange reserves.
The five endowment funds of the University of Texas -- which total more than $20 billion -- have enjoyed returns of about 20% for the 12 months ended June 30.
United Continental Holdings Inc., the parent of United Airlines, is set to begin making its first payment to the PBGC, repaying up to $500 million in eight equal installments of $62.5 million.
According to Deputy Mayor Robert Steel, New York City should put more cash into international equities and fixed income, inflation-protected bonds, commodities, currencies, and real estate to improve returns.