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Largest U.S. Pension Fund Just Bought Marijuana Stocks

When big institutional investors pour money into marijuana stocks, you know the cannabis industry has hit the big time. And that's what has happened.
Read by 35% of LPs December 11, 2018

Danica Pensions Sells Danica Pension Sweden | Swfi - Sovereign Wealth Fund Institute

Danica Pension sold Danske Pension Forsikringsaktiebolag (publ) (also known as Danica Pension Sweden) to a group of investors for around 2.6 billion SEK. Danica Pension is part of Danske Bank A/S. Of the total amount, 2.3 billion SEK is being paid in cash, while the rest is in the form of a debt instrument from [...]
Read by 76% of LPs

December 06, 2018

Florida SBA's Governance Structure 'Is Really Motivating,' Says Wes Bradle, Senior Portfolio Manager | Q&A

Wes Bradle is a senior portfolio manager in private equity at the Florida State Board of Administration (FSBA), where he currently monitors 18 private equity firms and 36 funds that represent more than $4 billion in committed capital. In this interview, he discusses his greatest lessons learned at CalPERS and how he's leveraged that at Florida SBA; why healthy governance doesn't always mean more governance; and his hopes for a more balanced tone towards public pensions in the near future.
Read by 69% of LPs December 04, 2018

Public Sector Pensions Assume Record-High Investment Returns

Government employee pensions claim to have cut the returns they assume to earn on pension investments. In fact, they've done the exact opposite: real assumed pension returns are at record levels.
Read by 63% of LPs November 27, 2018

Users Of Pension Wise More Likely To Cash Their Entire Pension

More people have cashed their pension pot entirely after consulting Pension Wise (28%), when compared to those who have not utilised the service (17%), new research has revealed.
Read by 31% of LPs

November 21, 2018

Teacher Retirement System of Texas On Being 'A Top-Performing Institutional Investor' | Will Carpenter, Senior Portfolio Manager | Q&A

Will Carpenter is a senior portfolio manager for private equity principal investments with the Teacher Retirement System of Texas, where he leads deal teams in investment due diligence, valuation and ongoing portfolio management for private equity co-investments. In this interview, he discusses his experience moving back to Texas to serve that constituency after spending years in New York City, the positive impact that veteran investor Britt Harris had on TRS and the organization's next steps in being a top-performing institutional investor.
Read by 68% of LPs November 12, 2018

Io Asset Management Buys Industrial Estates For Tesco Pension Fund | News | Ipe Ra

IO has bought 10 UK industrial estates worth PS34m for its segregated mandate for TPF. : IO Asset Management has bought 10 UK industrial estates worth PS34m (EUR38.9m) for Tesco Pension Fund (TPF). The specialist manager said it bought the assets on behalf its multi-let industrial-focused segregated mandate for TPF. The manager paid PS17.4m for the Hilldane portfolio, which includes seven estates in Horley, Newhaven, Okehampton, Redditch, Cardiff & Abergavenny. It also bought Stroud Enterprise Centre for PS2.5m; Ketley Business Park in Telford for PS8.25m and Bredbury 25 Trade Park in Stockport for PS5.65m.
Read by 55% of LPs November 05, 2018

Florida Pension System Makes Big Bet On Newcomer Gallatin Point

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Read by 69% of LPs November 01, 2018

H.i.g. Capital Closes $3B H.i.g. Advantage Buyout Fund Well Above Target

MIAMI, October 31, 2018-- H.I.G. Capital ("H.I.G."), a leading global alternative asset management firm with $28 billion of equity capital under management, is pleased to announce the closing of the H.I.G. Advantage Buyout Fund (the "Fund"). The Fund closed with aggregate capital commitments of $3 billion*, exceeding its target. The Fund makes control equity investments in more stable, higher quality companies with EBITDA between $25 million and $100 million. The Fund will capitalize on H.I.G.'s established expertise in middle market private equity.
Read by 48% of LPs October 25, 2018

Italian Pension Fund Acquires Societe Generale Office In Paris | News | Ipe Ra

Sale-and-leaseback transaction carried out on behalf of Cicerone Fund. : Cassa Forense, an Italian pension fund for lawyers, has acquired a Societe Generale office building in Paris. Cicerone Fund, set up in 2014 by CBRE Global Investors and Fabrica SGR exclusively for Cassa Forense, has entered into a sale-and-leaseback deal with Societe Generale. The property at 132 Rue de Reaumur was built in 1901 and has been occupied by the French bank ever since. It was recently refurbished.
Read by 72% of LPs