RIA Acquisition Trends, NEPC's New Client, Fixed Income RFP, Hedge Fund Investments, Infrastructure Investment Plan

About The Episode

In this episode of the Dakota Fundraising News Podcast, Pat and Konch discuss key job changes, including Carson Group President Teri Shepherd's departure, Darren Wright's move to First Mid Bank as CIO, and Jason Caldarelli joining Bank of China as Head of Corporate Banking. RIA/FA M&A highlights include Apella Wealth’s acquisition of Barker Financial Group, Raymond James recruiting $400M Merrill Lynch advisor Carol Heil, and reports of Wealth Enhancement Group and Bleakley Financial Group dropping their LPL brokerage affiliations. Institutional coverage features North Dakota State Investment Board selecting NEPC as its general consultant, New Bedford Retirement Board launching a $110M search for global fixed income, and Mendocino County Employees’ Retirement Association restructuring its international equity strategy. Recent investments spotlight San Francisco ERS committing $75M to Blue Torch Credit Opportunities Fund IV, Wyoming SLIB committing $250M to Carlyle Property Investors, and Sacramento CERS allocating $50M to the Hudson Bay Fund. Fundraising news includes Apollo Global preparing to launch a $25B private equity fund, Nuveen debuting a CLO ETF strategy, and Energy Capital Partners targeting $5B for its sixth infrastructure equity fund. Stay tuned for the latest insights on institutional and wealth management updates.

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