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Designed for investment sales professionals and fundraisers, we deliver the insights you need to navigate the evolving landscape, track major investor activity, and identify new opportunities.
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Institutional Investor News
Institutional activity remained steady. BCI, Ethos, and White Mountains acquired a majority stake in BroadStreet Partners, joining Ontario Teachers'. Illinois Police regrouped on its alts consultant search and prepped RFPs for a general consultant and high yield bond managers. Kentucky PPA approved a $30M re-up to Arctos, and Maine PERS plans to allocate $600M across four multi-strat funds. KCERA committed $90M to three funds, ended a commodity strategy, and is reviewing its asset mix.
RIA & Wealth Channel News
Advisory activity continued. Fairfax Global moved from B. Riley to Wedbush, while Schwab launched an alts platform for clients with $5M+. Mesirow hired Alex Gordon from LPL, and Raymond James recruited a $769M team in Ohio. NorthRock Partners expanded in Chicago, Merit joined Fidelity’s referral network, and Prospera acquired Cutter & Co ($2B AUM). RayJay and LPL added new teams in Florida and Idaho.
Private Fund News
Fundraising remained active. a16z is raising a $20B AI fund, and Blackstone closed its largest European RE fund at €9.8B. Additional activity includes J.P. Morgan’s $1.5B timber fund, Taurus Fund III, RCP’s $994M co-investment fund, and Carbon Equity’s €105M climate fund. Lerer Hippeau raised a $200M early-stage fund, while Permira, L&G/NTR, and GEM closed vehicles. Peakline Partners launched a $300M build-to-rent fund, and Eagle Venture raised $18M to combat trafficking.
Other News
Bayview Asset Management launched a Fund Finance unit, led by Michael Timms and Colin Doherty, to expand the firm’s asset-based finance offerings. Timms brings experience from 17Capital and Wells Fargo, while Doherty worked at JPMorgan and UBS.
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