Ontario Teachers' is a pretty active principal in venture/growth financings and a major LP to a bunch of funds.
That said, venture/growth is a pretty small percentage of their holdings.
That's how investments these big get made: pension funds and other similar trusts need returns, and at a certain point if softbank says they have a way to deploy billions of dollars you don't have better options...
To me, 'public pension monies' (more or less, retirement savings from citizens who happen to work for the government) and 'public funds' don't seem like the exact same thing. To me, public funds implies money from the government budget or sovereign wealth funds.
Although I admit that the government may be on the hook to replenish any spectacular failures in such a pension plan so in that way, it is somewhat fair -- though I doubt any one investment is weighted so heavily in any pension fund as to precipitate such an event.
Yes. So they indirectly owned some Anthropic through the FTX bankruptcy. I kinda wonder whether they somehow opted to keep their Anthropic stake when the FTX estate sold. Or maybe they bought it at some other time.
Yes. Among other things, the Anthropic stake was sold, and repayments have begun. The full process will probably drag out through next year at least.
On the lawyer fees...do you expect someone to do it for free? Would you rather hire someone without the expertise? Do you think the crimes are the estate lawyers' fault?
Process costs money. You can sneer at the professionals that work hard to keep a lawful society in order, if you like. SBF sure did. Look where that got him.
Are they putting Canadian public funds into Anthropic?