private capital – Benefits Canada.com

Ontario Teachers’ investing in U.S. video games developer

mschmit — Fri, 07 Aug 2020 10:00:34 +0000

The Ontario Teachers’ Pension Plan is taking part in a US$1.78-billion financing round for Epic Games Inc., a U.S. video game and software developer. In addition to Ontario Teachers’ and other asset managers’ contributions, Sony Corp. is contributing US$250 million to the financing round. The fresh financing brings Epic Games to a valuation of US$17.3 […]

The post Ontario Teachers’ investing in U.S. video games developer appeared first on Benefits Canada.com.

CPPIB investing in non-dairy protein maker

mschmit — Fri, 10 Jul 2020 11:00:41 +0000

The Canada Pension Plan Investment Board is leading a new tranche of financing for animal-free dairy maker Perfect Day Inc. The financing marks an expansion of Perfect Day’s series C financing to $300 million, to which the CPPIB’s thematic investing group is set to contribute $50 million. The California-based company uses fermentation in microflora to […]

The post CPPIB investing in non-dairy protein maker appeared first on Benefits Canada.com.

What’s keeping ESG rankings so convoluted?

mschmit — Fri, 10 Jul 2020 05:00:42 +0000

With its recent acquisition of environmental, social and governance data analytics provider Sustainalytics, Morningstar Inc. is taking aim at the disparate ESG disclosure requirements still hampering the investment industry. In a recent report, Morningstar sussed out some of the issues hindering ESG measurement tools. “Simply put, ESG disclosures from issuers are all too often inconsistent and […]

The post What’s keeping ESG rankings so convoluted? appeared first on Benefits Canada.com.

Private equity activity slumps in Q1: report

mschmit — Mon, 25 May 2020 04:45:09 +0000

With volatility rattling public markets, fundraising for private equity deals took a tumble during the first quarter of 2020, according to a new report by the Callan Institute, which found fund closing dropped 39 per cent since the last quarter of 2019, while commitments were down 37 per cent. Many institutional investors suddenly find themselves over-allocated to […]

The post Private equity activity slumps in Q1: report appeared first on Benefits Canada.com.

Institutional investors planning to allocate more to private assets: survey

mschmit — Tue, 03 Mar 2020 11:45:07 +0000

Close to a quarter (23 per cent) of institutional investors said they plan to reduce their cash balances, according to a new survey by BlackRock Inc. For fresh allocations, private markets remain the favourite by a wide margin. Indeed, more than half (55 per cent) of investors said they intend to up allocations to real […]

The post Institutional investors planning to allocate more to private assets: survey appeared first on Benefits Canada.com.

BCI makes credit agreement, CPPIB ups allocation to U.S. logistics firm

mschmit — Fri, 14 Feb 2020 05:00:46 +0000

The British Columbia Investment Management Corp. is making a credit agreement with Knightsbridge Capital Group, an asset-based lender in Vancouver. “As BCI builds out our direct lending business for our clients, we value working with successful local businesses such as Knightsbridge Capital Group,” said Chris Beauchemin, vice-president of fixed income and foreign exchange at BCI. […]

The post BCI makes credit agreement, CPPIB ups allocation to U.S. logistics firm appeared first on Benefits Canada.com.

DC pension assets beating out DB in largest markets: report

mschmit — Mon, 10 Feb 2020 06:10:21 +0000

For the first time, defined contribution plan assets are exceeding defined benefit holdings across the world’s six largest pension markets, according to new report by Willis Towers Watson’s Thinking Ahead Institute. The report also found DC plan assets have grown at a faster rate (8.4 per cent per annum) than DB plans (4.8 per cent per annum) […]

The post DC pension assets beating out DB in largest markets: report appeared first on Benefits Canada.com.

What could proposed changes to SEC rules mean for Canadian pensions?

mschmit — Wed, 05 Feb 2020 05:45:02 +0000

While it isn’t Canadian, the U.S. Securities and Exchange Commission certainly has plenty of power to affect assets held by Canadian pension plans. A number of proposed rule changes recently brought forward by the SEC are raising Canadian institutional investors’ eyebrows. The Pension Investment Association of Canada submitted two letters to the SEC addressing potential changes related to […]

The post What could proposed changes to SEC rules mean for Canadian pensions? appeared first on Benefits Canada.com.

LiUNA pension fund acquiring mixed-use real estate in Toronto

mschmit — Tue, 07 Jan 2020 11:00:42 +0000

The Laborers’ International Union of North America’s Central and Eastern Canada Pension Fund and Freed Developments Ltd. are jointly acquiring a mixed-use site in Toronto. Fengate Asset Management Ltd. is managing the purchase on behalf of the LiUNA, taking on 21,853 square metres in real estate from Allied Hotel Properties Inc. Currently, the site holds a six-story hotel and […]

The post LiUNA pension fund acquiring mixed-use real estate in Toronto appeared first on Benefits Canada.com.

Ontario Teachers’ investing in European digital health-care provider

mschmit — Tue, 07 Jan 2020 05:30:54 +0000

The Ontario Teachers’ Pension Plan is leading a US$155-million round of financing for KRY, a European digital health-care provider. The financing was made through the Teachers’ Innovation Platform, which focuses on investments in late-stage venture and growth equity in disruptive technologies. Maggie Fanari, managing director on the TIP team at Ontario Teachers’, will also be joining […]

The post Ontario Teachers’ investing in European digital health-care provider appeared first on Benefits Canada.com.