Battered by the coronavirus pandemic and low interest rates, public pension plans are headed for a record shortfall, posing risks to the living standards of millions of employees and retirees.
The unfunded liability of pension funds for state employees and teachers has risen as market returns have lagged on investments by Virginia’s $82 billion retirement system.
CPPIB manages about 434.4 billion Canadian dollars as of June 30 and a bulk of its investments are in North America — a little over 34% of total assets are allocated in the United States — followed by Asia.
Volery Capital Partners (“Volery”), a private equity firm based in Greenwich, CT, today announced that it has completed a growth equity investment in Sustainable Development Capital LLP (“SDCL” or the “Company”).
Former BlackRock global head Marcus Sperber is launching NorthCroft Capital, a new property investment and advisory business, together with David Bearman, a founding partner of Firefly Capital.