Charging into 2016 with vim and vigour
I’m not sure exactly when the blogging started to tail off…. The peak for posting was 2007, when our team hit an average of almost two posts a day; that was a particularly “exciting”...
Tagged: internal rate of return
Gordie Howe's mysterious $3.5 billion cost increase
It has been about 100 hours since the end of my time as Chairman of the Windsor-Detroit Bridge Authority (see prior post “On the launch pad: The Gordie Howe International Bridge ” Dec. 16-15),...
On the launch pad: The Gordie Howe International Bridge
The clock is running down on my role as Chair of the Windsor-Detroit Bridge Authority, and with a new $300 million venture fund to deploy…not a moment too soon. When the new Minister of...
CPP Investment Board's external Private Equity Managers continue to drag returns
It has been awhile since I took the time to check out our CPP PE returns, and I’m sorry to report that they aren’t much better than last Spring. Of the 54 Private Equity...
Does Silver Lake's blowout fundraise hint at moderated LP return expectations?
The largest private equity raise in the technology space was announced last week, as Silver Lake IV reached US$10.3 billion of Limited Partner commitments. This was far above the US$7.5 billion target. I’ve seen...
CPP Investment Board earning less than 6% return on more than $8 billion of Private Equity commitments
I’ve written to the CPP Investment Board twice now, but they aren’t biting. Despite my best attempts, Canadians are not yet able to get the same information about their external private equity fund managers...
Wellington Financial Announces 2nd Closing for Fund IV
I thought our modest but loyal blog readership should be the first to know. We held our 2nd closing for Wellington Financial Fund IV on December 31st. We added two new LPs: a Canadian...
20 of 37 CPPIB PE Funds performing below solvency benchmark
At last, some legit return figures to chew on. For years, I’ve tried to give you all some insight into how our money was doing in the hands of the managers over at CPP...
CPPIB should take a page from Oregon's book
Without a doubt, we can all learn from someone else. Parenting, friendship, fund management, even golf. Take the pension fund managers at the Oregon Public Employees Retirement Fund, for example. They could give a...
Some hedge funds explode…to the upside
It is a familiar refrain: “the hedge fund industry is dead as it is currently known”. For institutional investors who thought hedge fund managers would make money in both good times and bad, and...
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