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> San Jose-based GlobalLogic is currently owned 45% each by Canada Pension Plan Investment Board and Swiss investment firm Partners Group Man, what? What a wei
by oliv__ 6y ago
> San Jose-based GlobalLogic is currently owned 45% each by Canada Pension Plan Investment Board and Swiss investment firm Partners Group
Man, what? What a weird set of owners
- vco3340 6y agoExtremely common for mature companies to be backed by private equity and pension funds
- MattGaiser 6y agoCanada Pension Plan is the equivalent of Social Security in the USA, except that it invests. They own all sorts of stuff all over the world. Bridges. Airports. Hotels.
- whalesalad 6y agoNorway does something similar afaik and are sitting on a pretty wicked pile of cash.
- Twixes 6y agoNot a pile of cash really, but a trillion+ dollar diverse portfolio of investments. Still wicked
- bidirectional 6y agoWhy is it weird?
- pottertheotter 6y agoThey are actually pretty normal, but I guess not well known outside of the investment world. These are two of the largest groups making private equity investments. Partners Group is a very large investment management firm with $109bn assets under management (AUM), of which 48% is in private equity. It is pretty common for pension plans to invest in private equity firms, but the larger ones also make direct investments, usually alongside a large PE firm such as Partners Group. CPP Investments, the entity that manages all of the assets of the Canada Pension Plan, has US$378bn AUM. ~25% of that, $90bn, is in private equity. Some of their direct investments, which you can see on their website[1], are Blackhawk Networks, Jimmy John's, Neiman Marcus, Petco, Qlik, SUSE, and Waymo. They also have investments in VC firms, such as A16Z, Sequoia Capital, and even Y Combinator. [1] https://www.cppinvestments.com/the-fund/our-investments/investment-private-equity https://www.cppinvestments.com/the-fund/our-investments/inve...