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...“If there’s one asset class that hasn’t lost money in the medium to long term, it has been farmland.”...
...“Size hasn’t been a constraint. It’s more the opportunity set. We’re willing to do bigger deals,” he added....
...“We won’t just buy portfolios of existing renewable assets; we want to add new capacity,” says Adomait....
...He added: “I can’t imagine how horrific it would be . . . not just for the airline industry but for our entire economy, if it weren’t for the PSP and what it did to maintain the infrastructure necessary...
...“But given the experience of the last 18 months, I think people are either hoping it won’t or figure they keep deploying [cash] until it does so they don’t miss the upside.”...
...equity and credit at PSP Investments, a Canadian pension fund with over $200bn in assets....
...“My companies are putting their money where their mouth is,” says Tracee Bentley, PSP president. “They’re investing as if they are going to be here for 50 years....
...In March, Sony announced it would be closing the digital stores for three consoles at least a decade old — PS3, PSP and PSVita....
...“We don’t have enough pilots.”...
...They were Ares, Blackstone, PSP Investments, and . . . its own lending arm, people familiar with the deal told the FT’s Joe Rennison and DD’s Eric Platt and Sujeet Indap....
...Duff quit within six months to head a European debt investment push by Canada’s PSP....
...Carlyle’s Mr Rubenstein told his peers in Berlin: “I don’t see a recession in the US imminent. I don’t think we are likely to have one this year and probably not next year....
...The first PSPs are expected to do so in a matter of weeks. That should help lower transaction costs for everyone....
...PSP has also hired Anita Das, an ex-Goldman Sachs banker, to its credit team....
...“You won’t see mass migration, but you will see slippage [of jobs moving away from the UK], as well as unseen losses — jobs that would have gone to London and now go somewhere else.”...
...On Tuesday, the Supreme Court of New York State threw out the claim that Saba had failed its fiduciary duty to protect PSP’s interest, less than four months after dismissing two of PSP’s other claims....
...Others buying into the deal include Singapore state-backed funds Temasek and GIC, and Canada’s PSP Investments....
...“We own four airports, so why wouldn’t we look at London City Airport?,” Jo Taylor, Teachers’ European head, told the Financial Times last year....
...Part of the debt financing came from PSP, a Canadian pension fund, which provided $1bn....
..."We're absolutely open to additional divestitures beyond what we've talked about — even of our largest units — but you don't make a decision of that scale without thinking very hard about the impact," he...
...High prices may be justified by forecast synergies — PSP paid 14 times earnings for Alent of the UK last year, for example....
...“Korean consumers don’t have much choice,” she said....
...Whenever I thought the team couldn’t be pushed harder, they dug deep through some of the worst sailing conditions I have seen on the planet.’...
...And Canadian pension fund manager PSP Investments and a local partner bought Madrid’s Castellana 200 complex for €140m....
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