Here’s a breakdown of the issues facing the $62 billion pension fund for teachers. They include a botched figure for financial performance and FBI questions and subpoenas.
GRP III seeks to deliver attractive risk-adjusted returns with positive and measurable environmental and social impact by investing across the spectrum of renewable power and supporting infrastructure globally, including energy storage and distribution and electrified transport.
The Fund, which targets distressed, repositioning, and selective development opportunities, was oversubscribed with approximately $1.7 billion of commitments compared to its $1.5 billion target.
A new report makes the case for investments that consider impact first and financial return second. But critics say such investments are mainly for the wealthy.
Kudu Investment Management, LLC, (Kudu) a provider of permanent capital solutions to asset and wealth managers globally, today announced the closing of a $300 million credit facility with Massachusetts Mutual Life Insurance Company (MassMutual), a leading U.S. mutual life insurance company, to finance Kudu’s growth initiatives.