ROUND-UP
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October, 2018
Pinebridge Investment closes mid-market buyout fund with £686 million
Private equity manager PineBridge Investments has closed the PineBridge Secondary Partners fund after raising $880 million (£686 million) over five months. The fund gives exposure to buyout strategies in the US middle market sector and has interest mainly in the industrials, consumer discretionary, financial and information technology sectors. The ...
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October, 2018
Managing Partners Group sets up cash fund
Asset management group, Managing Partners Group (MPG), has launched a cash fund that offers investors an operational credit card secured against their invested assets. MPG said that the Liquidus FX fund will offer investors a high rate of interest by investing in a balanced managed currency portfolio, through the use of an algorithm with a strong track ...
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August, 2018
Invesco Real Estate buys student housing in Dublin
Invesco Real Estate bas bought The Brickworks, a purpose-built student accommodation development in Dublin for £47 million from Bain Capital Credit. The transaction was made on behalf of one of Invesco’s German separate account clients and is the manager’s first purchase for a client in Ireland. The Brickworks is located within the Dublin 8 district, ...
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August, 2018
BlackRock launches EM Debt funds with ESG tilt
Fund manager BlackRock has launched a range of open-ended emerging market debt funds, which integrate environmental, social, and governance (ESG) factors. The UCITS funds are actively managed against the JESG EMD benchmarks, which were launched by JP Morgan in collaboration with BlackRock in 2018. Separate funds have been set up for EM bonds, EM local ...
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August, 2018
Pictet eyes emerging market equity bargains
Fund manager Pictet said that while equity markets are not cheap, it is seeing some bargains emerge in the emerging markets. Pictet chief strategist, Luca Paolini, said that while emerging market equities have been under pressure from a stronger dollar and higher US interest rates, as well as escalating trade tensions, there are signs that the worst is ...
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August, 2018
Savills Investment Management takes 25% stake in DRC Capital
Savills Investment Management has acquired a 25% stake in DRC Capital, a commercial real estate debt investment adviser. Under the terms of the deal, Savills has the option to acquire the remaining 75% in 2021. It said that the acquisition would enable it to widen its investment proposition to include debt-lending strategies. DRC Capital was founded in ...
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August, 2018
Rise in DB funds aiming for insurer buyout
The proportion of defined benefit (DB) pension fund trustees targeting a buyout with an insurer has increased significantly in the last five years, according to new research by consultants Willis Towers Watson. It found that a third of DB funds are targeting a full buyout, with another 5% aiming to run off the pension fund over time with a buyout-like ...
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August, 2018
Aon develops manager ESG ratings
Investment consulting firm Aon has developed an environmental, social and governance (ESG) rating system to assess how well asset managers integrate ESG considerations into their investment decision-making process. The ESG rating system will work alongside Aon’s existing strategy and due diligence ratings. The ESG ratings are based on a mix of a due ...
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June, 2018
Quant Insight completes latest funding round
Quant Insight (Qi), a macro analytics firm specialising in financial markets, has completed its latest funding round, with key investments from some high profile alternative asset investors. Qi said that 80% of the capital raised came from Qi’s clients in a successful financing round that exceeded its expectations. Its funders include Alan Howard, a ...
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June, 2018
Allianz moves into UK student housing market
Fund manager Allianz is joining forces with rental housing specialist Greystar Real Estate Partners and one of Canada’s largest pension funds, PSP Investments, in a joint venture to grow Chapter, London’s leading student accommodation provider. Allianz Real Estate, which is executing on behalf of various Allianz insurance companies, is making an equity ...
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