Amid a challenging private market fundraising landscape, the flow of co-investment deals increased dramatically in 2023, according to a report by alternative investment management and advisory firm Hamilton Lane. The report found the total value of co-investment deal flows reached US$8.87 billion in 2023, an increase from US$5.21 billion in 2022. The fourth quarter of […]
The Association of Professors of the University of Ottawa and the Ontario Confederation of University Faculty Associations are joining the University Pension Plan, as of April 30, 2024. Since its inception in July 2021, the UPP has seen a number of plan sponsors join the plan, beginning with the University of Toronto Faculty Association, the University of […]
The British Columbia Investment Management Corp. is selling more than US$1 billion worth of private equity funds to Ardian, a France-based independent private equity investment company, according to reporting by Bloomberg. Although it’s unclear which assets the BCI intends to sell, last June, Bloomberg also reported the investment manager was considering the sale of roughly $2 […]
More than three-quarters (77 per cent) of U.K. employees say their employee benefits didn’t meet their needs during their cancer journey, according to a new survey by Reframe Cancer. The survey, which polled 500 U.K. working adults who have personal experience of working with cancer, found among those unsatisfied with their benefits, more than half were male […]
The Canada Pension Plan Investment Board plans to nearly double the size of its credit holdings over the next five years, according to reporting by Bloomberg. Andrew Edgell, the CPPIB’s global head of credit investments, said the fund expects to have more than $115 billion in credit assets by 2029, compared with about $62 billion […]
Nearly three-quarters (72 per cent) of Canadian employees said taking care of their mental health is more of a priority, up from 68 per cent in 2023, according to a new survey by American Express Canada. The survey, which polled more than 700 workers, found a majority (87 per cent) of generation Z employees said […]
While merit increases offered by Canadian employers remain above inflation and are still higher than pre-coronavirus pandemic times, they’re continuing to trend downward in the first quarter of 2024, according to a new survey by Mercer Canada. The survey, which polled more than 400 employers, found the average national merit increase was 3.2 per cent, […]
Warehouse workers and transportation drivers employed by Martin Brower in Ontario have ratified a three-year collective agreement that includes pension and benefits gains. The workers, who are members of Unifor Local 1285, reached an agreement that will see pension contributions increase by $100, up to $700 over the life of the agreement, and the employer […]
While a majority of U.S. employees say they’re very confident (39 per cent) or confident (29 per cent) they’re doing a good job preparing for retirement, nearly two-thirds (62 per cent) either strongly or somewhat agree that preparing for retirement makes them feel stressed, according to a new survey by the Employee Benefit Research Institute. […]
The Caisse de dépôt et placement du Québec and Gildan Activewear Inc. have reached an agreement that will see the Montreal-based apparel manufacturer issue $200 million in senior unsecured notes on a private placement basis to the investment organization. Gildan will issue notes with an annual interest rate of six per cent and will mature […]