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Private-equity firm Sycamore Partners mulling Macy’s takeover bid

Private Equity Insights

Private-equity group Sycamore Partners is considering a potential bid to purchase department store chain Macy’s (NYSE:M), according to a report in the New York Post. billion take private bid from investing firm Arkhouse and hedge fund Brigade earlier this month. The report comes after Macy’s rejected a $5.8 trillion ($965.47

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Pension fund invests in Morgan Stanley’s $1bn climate fund

Private Equity Insights

AP Pension has invested in a Morgan Stanley fund that aims to reduce carbon emissions by 1GT ahead of 2050. Danish pension fund AP Pension has invested in the Morgan Stanley 1 Gigaton fund, which aims to remove one gigaton of CO2-equivalent emissions from the Earth’s atmosphere by 2050.

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Brookfield’s $10.6bn Origin Energy Bid Faces Review from AustralianSuper

Private Equity Insights

Origin Energy’s largest shareholder AustralianSuper said on Thursday it will vote against a latest revised $10.6bn takeover bid from a Brookfield-led consortium, reiterating its view that the offer is “substantially below” its estimate of the power producer’s long-term value. Under the new terms, the A$9.43

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Apollo Set to Make $6.26bn Bid for UK’s Pension Insurance Corporation

Private Equity Insights

is weighing a bid for UK’s Pension Insurance Corporation (PIC) in a deal that could value the company at about $6.26bn, Sky News reported on Wednesday. A potential acquisition of PIC by Apollo Global would likely be met with some scrutiny from regulators and pension fund trustees.

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Chicago Teachers’ Pension Fund to make first private debt allocation

Private Equity Wire

The Chicago Teachers’ Pension Fund (CTPF), the oldest public retirement scheme in Illinois, is planning to makes its first foray into the booming private credit market with an initial allocation of up to $350m, according to a report by Bloomberg. Chicago Teachers’ is the latest pension to join those flocking to the $1.6

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Dutch Pension Funds Send Shockwaves Through Euro Swap Market

Pension Pulse

James Hirai of Bloomberg reports Dutch pension funds send shockwaves through euro swap market: Dutch pension funds are plowing cash into long-dated swap contracts, according to strategists, upending one of this year’s most popular trades. The funds, by far the region’s largest with more than €1.5 in a client note.

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NYSTRS committed $400m to private debt last year

Private Equity Insights

The New York State Teachers Retirement System (NYSTRS) committed $400m (£315.55m) to private debt funds between October and December last year. The pension fund allocated $300m to the OIC Credit Opportunities IV fund, while the remaining $100m was committed to the Peninsula VIII, according to publicly available documents.

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