Reported 26 days ago
Canada's largest pension fund and Singapore's GIC Pte are in discussions to support PSG Equity's initiative to shift $1.8 billion worth of company stakes into a new continuation fund. This strategy aims to extend the earning duration of assets as private equity firms navigate the challenges posed by rising interest rates and the resulting difficulties in exiting investments. The continuation fund will feature diverse investments including a senior care software firm and a fleet tracking organization, while discussions remain ongoing regarding the final group of investors.
Source: YAHOO