The Investment Management Corp of Ontario successfully closed the sale of a large portfolio of private equity fund stakes as it works to manage its investment portfolio, sources told Buyouts.
TowerBrook’s inaugural impact fund, Delta, is betting on the ‘picks and shovels’ of the US wind industry. It has struck a deal to acquire a majority stake in Liftwerx, a company operating cranes to service onshore wind turbines in North America. (New Private Markets)
Martin Longchamps, head of private equity at the $319bn Canadian giant, talks to Private Equity international about secondaries sales, overallocation and what steps the institution plans to take next.
Once more of a rarity in fundraising, rolling first closes are increasingly becoming a make-or-break factor for managers during a difficult capital-raising environment. (Private Equity Real Estate)
‘Now is the time to still achieve attractive risk-return profiles’: Amber’s Christian Roy tells Infrastructure Investor how one of the largest CEE-focused infra funds plans to invest and the promise of the regional pension market.
Actis is generally considered among the more sophisticated managers when it comes to sustainability, but the infrastructure firm said it still gained new insights about its portfolio by putting together its first TCFD report. (New Private Markets)
Many LGBTQ+ people in private markets do not feel comfortable coming out in the workplace – and this is a distraction from them performing at their best, says Alberto Padilla Rivera, co-founder and co-chair of Out Investors. (New Private Markets)
The rise of PIK sparks concerns: Interest rates are staying higher for longer, debt service is piling up and liquidity is falling at some business development companies. What could possibly go wrong? (Private Debt Investor)
Industry Ventures has closed its latest hybrid strategy fund with a partial focus on LP-led VC secondaries as interest in the asset class ticks up. (Secondaries Investor)
With LPs in venture funds increasingly asking for liquidity and companies staying private longer, the VC secondaries market has become top of mind for stakeholders across the ecosystem. (Venture Capital Journal)
Abbott Capital Management is looking to close its third and largest secondaries fund by the end of the year. (Secondaries Investor)
FERC’s ‘historic’ order attempts to right the wrongs of history: The industry has a mixed reaction to the US energy regulator’s update to a 2011 measure that ultimately underwhelmed. (Infrastructure Investor)
DeA Capital has acquired a majority stake in Sicilian citrus producer SPO Zentrum Group for an undisclosed price. DeA managing director Pier Luigi Rossi says his firm is working to consolidate in an Italian market many investors find ‘interesting but scary.’ (Agri Investor)
QIC is aiming to raise $1 billion for its second infrastructure debt fund, Infrastructure Investor understands.
