The British Columbia Investment Management Corp. is part of an investing group backing a new financial operator from Centerbridge Partners and Wells Fargo & Co. The new entity, Overland Advisors, will oversee the creation of senior secured loans for middle-market companies. The BCI is part of a $2 billion initial equity commitment. “Direct lending provides […]
The Caisse de dépôt et placement du Québec is increasing its exposure to fintech opportunities. The investment organization was among investors in a $71 million funding round from venture capital firm Luge Capital that was dedicated to fintech startups. The new fund, which will focus on Canadian and U.S. companies, will also include vertical fintech […]
North American institutional investors raised $749.7 billion, nearly half (49 per cent) of the $1.53 trillion total private capital raised globally between the second half of 2022 and the end of May 2023, according to a report by Preqin. It found the weakest period for deal activity since the start of the coronavirus pandemic was […]
New York City’s pension funds and the State of Oregon are suing Fox Corp., alleging the company harmed investors by allowing Fox News to broadcast falsehoods about the 2020 U.S. presidential election that exposed the network to defamation lawsuits, according to a report by the New York Times. The lawsuit, which didn’t specify the damages […]
The Alberta Investment Management Corp. is reporting a net return of 4.5 per cent for the six-month period ending June 30, 2023. At the halfway point of the year, the AIMCo reported $6.1 billion in net investment income with a 5.2 per cent net investment return for its balanced fund, according to a press release. Read: How AIMCo, […]
Institutional investors in Asia and Europe are at the forefront of adopting environmental, social and governance investment strategies, while North America lags behind, according to a survey by Coalition Greenwich. Globally, the survey found 75 per cent of investors incorporate ESG strategies, with Europe leading at 92 per cent followed by Asia at 76 per […]
The Ontario Municipal Employees’ Retirement System is reporting a total fund net return of 3.1 per cent for the six-month period ended June 30, 2023. The 12-month total fund net return was 7.8 per cent, while net assets totalled $127.4 billion, an increase of $7.9 billion over the last year, according to a press release. […]
The Caisse de dépôt et placement du Québec is reporting a net return of 4.2 per cent for the first half of 2023. The result is a small increase from its established benchmark portfolio of 4.1 per cent. As of June 30, 2023, the investment organization had $424 billion in net assets, a 5.3 per […]
The Ontario Teachers’ Pension Plan is reporting a total fund net return of 1.9 per cent for the six-month period ended June 30, 2023. The 12-month total fund net return was 4.8 per cent while net assets increased to $249.8 billion, according to a press release, which noted the five- and 10-year annualized total fund […]
The Canada Pension Plan Investment Board returned negative 0.8 per cent during the first quarter of fiscal 2024, according to its latest quarterly report. By June 30, 2023, the investment organization’s net assets reached $575 billion, compared to $570 billion at the end of fiscal 2023. The report noted a net loss of $5 billion […]