The Public Sector Pension Investment Board is among the investors in a new fund by Greensoil PropTech Ventures, a Toronto-based property-technology company. The fund, which sits at approximately US$50 million out of a US$100 million target, will invest in technologies to make the real estate industry more profitable and sustainable, according to a press release. […]
Coronavirus vaccinations and the US$1.9-trillion fiscal stimulus package are paving the way for the U.S. economy to recover as the world enters the second year of the coronavirus pandemic, in turn driving investor demand for equities and risk assets, according to a recent webinar hosted by Natixis Investment Managers. Esty Dwek, global market strategist at […]
The Caisse de dépôt et placement du Québec is reinvesting $25 million in the Quebec Emerging Managers Program. The investment is part of a $110-million contribution and will promote the growth of Quebec’s emerging managers and support its asset management ecosystem, according to a press release, which noted the Caisse’s initial $25-million investment was in […]
The Ontario Municipal Employees Retirement System’s venture capital arm has led a $9 million series-A funding round for automative intelligence firm Acerta Analytics Solutions Inc. OMERS Ventures was joined in the funding round, which recently closed, by Microsoft Corp.’s venture fund M12, StandUp Ventures, Radical Ventures Investments Inc., Export Development Canada and Techstars. Acerta is […]
A consortium of investors, including the Caisse de dépôt et placement du Québec, private-equity firm TPG Capital and investment company Fosun International Ltd., is partnering with Investissement Québec to submit a proposal to acquire substantially all of the assets of Cirque du Soleil Entertainment Group, which has filed for bankruptcy protection. The deal is pending […]
With the coronavirus pandemic continuing to rock the global economy, private equity exits have largely come to a halt since mid-March, according to a report from McKinsey & Co. “The results of the pandemic have been startling,” it noted. “With a couple of exceptions—such as structured transactions and deals signed before the crisis—traditional PE exits […]
Private equity firms are increasingly buying out venture capital-backed companies, according to a report from Pitchbook. Indeed, between 2000 and 2019, the number of venture to private equity buyouts grew at a compounded annual growth rate of 18.1 per cent, compared with buyouts overall which only grew at 9.5 per cent. According to the report, […]
Canadian venture capital funding continues to rise for the third year in a row, according a report from MoneyTree Canada Over the course of 469 deals in 2019, Canadian VC-backed companies raised US$4.1 billion, representing a 16 per cent rise in capital raised from 2018, but an 11 per cent drop in deal activity. “Canadian […]
Pension funds are diversifying into alternatives in an increasingly challenging environment for returns. But many of the traditional characteristics institutional investors seek to achieve by investing in alternatives may not actually be present depending on the particular asset class, said Michael Sager, vice-president and client portfolio manager in multi-asset and currency management at CIBC Asset […]
It might seem like hedge fund managers having “skin in the game” by investing personal capital in their funds would be a good thing for outside investors seeking to enter positions alongside them. But there can be negative consequences, according to a paper co-authored by Arpit Gupta, an assistant professor of finance at the Leonard […]