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0.000532263347527004 0.000245660006550943 -0.000573206681952239 -0.00114641336390436 0.00188339338355719 0.00229282672780872 0.00827055355388147 0.00888470357025871
Stock impact report

Canada Pension Fund's Credit Head Wants to Take Advantage of Leveraged Buyout Boom [BNN Bloomberg (Canada)]

Blackstone Inc. (BX) 
Last blackstone inc. earnings: 4/23 06:56 am Check Earnings Report
Company Research Source: BNN Bloomberg
Andrew Edgell, global head of credit investments at Canada Pension Plan Investment Board, said the fund expects to have more than C$115 billion ($84.1 billion) in credit assets by 2029, compared with about C$62 billion today. Much of that will be handled by its in-house investment team, which is prepared for a thaw in the buyout market after a couple of slow years. “There's pent-up demand. In discussions with sponsors, there's a greater sense of optimism,” Edgell said in an interview. “There's also so much dry powder that's really pushing the LBO market to get unlocked.” Global mergers and acquisitions rebounded in the first quarter of 2024 compared with a year earlier, driven by mega-deals in the finance, software and energy sectors. Still, there's a long way to go before private equity firms return to the brisk dealmaking pace seen a couple of years ago, and uncertainty about interest rates remains a headwind. CPPIB, the manager of Canada's national pension fund, is expected Show less Read more
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