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Advent to buy Ryan Reynolds-backed fintech Nuvei in $6.3 bn deal

Private Equity Insights

Existing shareholders – Fayer, private equity firm Novacap and Canadian pension fund CDPQ – are expected to indirectly own or control about 24%, 18% and 12%, respectively, of the equity in the private company after the deal closes.

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10 Monday AM Reads

The Big Picture

: • There’s No Easy Exit for Companies Backed by PE and VC : Verdad Advisers’ Dan Rasmussen argues that rising debt costs, compressed margins, and negative cash flow make for a “pretty scary” picture of the health of private companies. That threatens to push prices for steaks and burgers to records.

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AIMCo CEO Evan Siddall on Shadow Banks and Investing More in Canada

Pension Pulse

It is not monolithic and includes such varied enterprises as pension fund investment managers such as AIMCo , insurance companies, investment banks, broker dealers, hedge funds, mortgage investment companies – and still others. Those are the publicly traded asset classes that private credit is most comparable to.

Banks 59
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APG and Ivanhoé Cambridge Back Scape's $658M Student Housing JV in Australia

Pension Pulse

Big pension funds invest in big student housing programs because they're recession-proof businesses that add defensive cashflows to their portfolio. That's obviously important, but there's a defensive component to purpose-built student accommodation that pension funds very attractive. What about Canada?

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Suyi Kim on What Drives Success at CPP Investments' Giant PE Portfolio

Pension Pulse

Sarah Rundell of Top1000Funds recently interviewed Suyi Kim, Global Head of Private Equity at CPP Investments to go over what drives success at their giant PE portfolio: Suyi Kim, global head of private equity at CPP Investments manages quite possibly the largest private equity allocation in the world.

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Are CPP Investments' 'Ideological Goals' Costing Canadians Money?

Pension Pulse

They’re talking about asset management firms, in which public pension funds often have investments, supporting shareholder proposals meant to achieve social justice or climate objectives yet of dubious financial value. Let me begin by stating the only thing I can't stand more than left-wing drivel is right-wing drivel.

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CPP Investments and GIP Taking ALLETE Private in US$6.2 Billion Deal

Pension Pulse

Transitioning to a private company with these strong partners will not only limit our exposure to volatile financial markets, it also will ensure ALLETE has access to the significant capital needed for our planned investments now and over the long term. Per Share in Cash DULUTH, Minn.— May 6, 2024 — ALLETE, Inc. Advisors J.P.