Track recorded fund announcements, transactions, leadership appointments and strategic developments from DataBane's published research.
The CPP Fund reported net assets of C$497.2 billion for the fiscal year ended March 31, 2021, according to the official CPP Investments results release. This is a CPP Fund net-asset metric and must not be silently recast as the manager's total group AUM.
TD announced that its acquisition of Wells Fargo’s Canadian Direct Equipment Finance business completed May 1, 2021. The release was published May 3. The transaction expanded TD’s Canadian equipment-financing business and followed the January 14 agreement.
BlackRock announced the US$4.8 billion final close of Global Renewable Power Fund III, with commitments from more than 100 institutional investors across over 18 countries. The fund targets renewable generation and supporting climate infrastructure across the Americas, Europe and Asia, including storage, distribution and electrified transport. The release identifies predecessor GRP I and GRP II as 2012 and 2016 vintages, respectively.
Hamilton Lane Advisors completed the acquisition of substantially all 361 Capital assets for $13.096 million in aggregate contractual consideration. Effective acquisition date was April 1, 2021, rather than the January announcement date.
Russell Investments and Hamilton Lane announced a strategic private-markets partnership. Hamilton Lane Advisors had invested $90 million for a small minority stake under an agreement dated March 29, 2021. Russell was not wholly acquired by Hamilton Lane.
Wells Fargo agreed to sell its Corporate Trust Services business to Computershare for an announced USD 750 million. The business provides trust and agency services for debt securities. Wells Fargo Securities advised the seller. Computershare expected approximately 2,000 employees to transfer with the business.
In an announcement dated February 25, 2021, Focus Financial Partners reported pricing a secondary offering of 7,000,000 Class A shares. SPC Capital Markets LLC acted as one of the joint book-running managers. Selling shareholders included Stone Point Capital and KKR affiliates. The corporate webpage is dated February 26. This underwriting role does not establish SPCM ownership of Focus.
Wells Fargo agreed to sell Wells Fargo Asset Management to GTCR and Reverence Capital Partners for USD 2.1 billion. The original transaction scope included Wells Fargo’s collective investment trust business. Wells Fargo planned to retain a 9.9% ownership interest and continue a distribution relationship. Wells Fargo Securities advised the seller.
TD and Wells Fargo announced an agreement for TD to acquire Wells Fargo’s Canadian Direct Equipment Finance business. The business had approximately CAD 1.5 billion in assets; that was a portfolio balance, not disclosed purchase consideration. Wells Fargo retained other Canadian asset-based lending and distribution-finance activities. Wells Fargo Securities advised the seller.
Reinsurance Group of America announced a £5 billion longevity swap with the UKRF Trustee. The transaction closed on 11 December 2020 and was designed to protect the pension fund from unexpected increases in pensioners' life expectancy. The £5 billion figure describes the longevity swap, not an equity investment or a fund commitment.
Wells Fargo agreed to sell its alternative-investment feeder platform to iCapital and make a strategic investment in the company. Terms were undisclosed. The announcement expected closing in the second half of 2020; iCapital’s corporate history subsequently records the acquisition in 2020.
The CPP Fund reported net assets of C$409.6 billion for the fiscal year ended March 31, 2020, according to the official CPP Investments results release. This is a CPP Fund net-asset metric and must not be silently recast as the manager's total group AUM.
Schroders completed the acquisition of a majority stake in Swiss impact investment manager BlueOrchard, a landmark expansion into emerging-market impact and private debt investment management. Transaction financial terms were not disclosed in the closing announcement.
The CPP Fund reported net assets of C$392.0 billion for the fiscal year ended March 31, 2019, according to the official CPP Investments results release. This is a CPP Fund net-asset metric and must not be silently recast as the manager's total group AUM.
Principal agreed to acquire Wells Fargo’s Institutional Retirement and Trust business at a USD 1.2 billion base price, subject to closing adjustments, with an earnout of up to USD 150 million tied to revenue retention. Lazard advised Principal. The acquisition subsequently closed July 1, 2019, and Wells Fargo continued servicing during transition. Final earnout paid was not confirmed in this research.
Monroe reported a final close at $1.33 billion for Monroe Capital Private Credit Fund III, surpassing the $800 million fundraising target.
The CPP Fund reported net assets of C$356.1 billion for the fiscal year ended March 31, 2018, according to the official CPP Investments results release. This is a CPP Fund net-asset metric and must not be silently recast as the manager's total group AUM.
The CPP Fund reported net assets of C$316.7 billion for the fiscal year ended March 31, 2017, according to the official CPP Investments results release. This is a CPP Fund net-asset metric and must not be silently recast as the manager's total group AUM.
CPP Investments and IndoSpace formed IndoSpace Core with an initial CPPIB commitment of approximately US$500 million; the date is explicitly May 15, 2017 and corrects a previously staged date placeholder.
The CPP Fund reported net assets of C$278.9 billion for the fiscal year ended March 31, 2016, according to the official CPP Investments results release. This is a CPP Fund net-asset metric and must not be silently recast as the manager's total group AUM.
