In The News
Pathway Capital Management has closed on a $1 billion private credit fund, the firm announced. The Pathway Private Credit Fund II will provide debt financing in support of acquisition, recapitalization, refinancing and growth capital transactions sponsored by leading private equity firms.
Officials in many western suburbs are taking a “wait-and-see” attitude toward a new law that consolidates hundreds of suburban and downstate police and fire pension funds.
Fund IV, which was oversubscribed, closed at $1.575 billion after six months of fundraising, exceeding its $1.25 billion target.
Stone Point Capital LLC announced that it held the final closing of its eighth private equity fund, Trident VIII, L.P., with $7 billion in total commitments.
BlackRock, the world’s largest investor, has joined an influential pressure group calling for the biggest polluters to reduce their emissions, after criticisms that it was undermining action addressing the climate crisis.
Ohio’s largest public pension system is considering cuts to health care benefits for thousands of current and future retirees as a way to shore up and extend coverage for years to come.
S & P Global Ratings downgraded Cook County debt ratings one notch today, citing the county’s underfunded pensions.
Dismay over low-yielding fixed income will cause shift, industry research group Agecroft Partners predicts.
Life-settlements investor Corry Capital Advisors has raised $478 million for its new fund, the largest in the firm’s 14-year history.
The Ontario Municipal Employees’ Retirement System (OMERS) has selected Annesley Wallace to serve as the fund’s new chief pension officer, replacing Blake Hutcheson, who recently left the position to become CEO.