Fund managers have quite a bit of private capital available to deploy, to the tune of US$2.1 trillion as of the end of June 2018, according to a new report from Prequin. For now, most of that private capital dry powder is still eyeing North American assets, although in recent years that has been on […]
The Public Sector Pension Investment Board is investing in Alliant Insurance Services Inc., a U.S.-based independent insurance broker. The new cash infusion will aid in the insurance broker’s planned expansion. Along with the PSP, funds managed by private equity firm Stone Point Capital will make additional investments. Read: PSP takes majority stake in Australian farm business “Alliant is […]
The Caisse de dépôt et placement du Québec will make additional investments in Metro Supply Chain Group Inc., a Canadian third-party logistics services provider. The pension fund initially invested in the company in April 2018 when it began acquiring logistical and distribution companies linked to the e-commerce sector. “We are pleased to continue and strengthen […]
The Caisse de dépôt et placement du Québec, alongside equity firm Georgian Partners, is investing $45 million in Montreal-based technology startup TrackTik Software Inc. TrackTik, which provides cloud-based management software to security service companies, will use the financing to develop new products in artificial intelligence and machine learning technologies, with the aim of simplifying operations and maximizing profitability for […]
The Ontario Teachers’ Pension Plan is taking part in a US$1 billion investment round, led by global technology investor Silver Lake, into Verily, a business owned by Alphabet Inc. Verily’s business involves research and engineering pertaining to improving health-care outcomes. The investment will add to Verily’s capacity to develop strategic partnerships, global business development opportunities and […]
The Public Sector Pension Investment Board is buying 32 per cent of Wittur International Holding, an elevator components manufacturer. Purchasing the stake from funds controlled by Bain Capital Private Equity, PSP Investments intends to work closely with Bain Capital to enhance Wittur’s international expansion. “We are excited to partner with Wittur’s team and Bain Capital Private Equity for the […]
The Ontario Municipal Employees Retirement System’s private equity arm is selling its majority stake in a U.S. auto repair company to investment firm Hellman & Friedman. The pension fund invested in Caliber Collision Centers, an auto collision repair provider with 600 branches around the U.S., in 2013. The transaction will lead to a merger between Caliber and Abra […]
The Ontario Teachers’ Pension Plan is entering into a partnership with Fleet Complete, a Toronto-based software company in the vehicle space. The company provides GPS tracking solutions for enterprises using multiple vehicles for shipping, delivery and transportation in order to optimize efficiency. The Ontario Teachers’ is purchasing private equity in the company from current shareholder Madison Dearborn […]
Increasing exposure to less liquid, alternative assets like infrastructure, real estate and private equity hasn’t created difficulty for Canadian pensions in repaying creditors, according to a report by Moody’s Corp. As pension portfolios have increased their allocations to alternatives, with these assets now making up close to 40 per cent of Canadian plan’s investments, concerns around liquidity […]
The Caisse de dépôt et placement du Québec and Brookfield Business Partners is acquiring 100 per cent of Johnson Controls’ power solutions business for about $17.5 billion. The business produces batteries for global automakers and aftermarket distributors and retailers for use in nearly all types of vehicles, including hybrid and electrical models. “This transaction enables us […]