Blackstone Continues Private Wealth Push, and more…

Welcome to Dakota's Daily Investment News

Stay ahead of the latest trends in wealth management, institutional investing, and private markets with Dakota’s daily newsletter — your go-to source for key updates on fund allocations, manager moves, and industry shifts. 

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. 

To read the full articles and access all Dakota News, subscribe for $350/yr, or get it included with a Dakota Marketplace subscription. 

Subscribe today and stay ahead of the competition! 

Institutional Investor News

Corporate pension plans crossed a major milestone in 2024, with over half of the 100 largest DB plans reaching a funded status above 100%—a first since 2007—according to the Milliman Corporate Pension Funding Study. The average funded ratio rose to 101.1%, up from 98.5% in 2023, fueled by higher discount rates and modest returns. About 36 companies reported a $45B surplus in frozen plans, sparking talk of reopening for future accruals. In investment activity, Plymouth County, Cook County, Ohio Police & Fire, and Kentucky Public Pensions made fresh commitments. Arizona PSPRS is adjusting asset targets after a review with NEPC.

Wealth Channel News

Blackstone continues to expand its private wealth presence with Jennifer Abate joining as head of its RIA unit after 30 years at Lazard. The firm’s private wealth AUM has surpassed $270B, with a new goal of $1T. Recent partnerships with Wellington Management and Vanguard, and competition from BlackRock, highlight the industry’s drive toward hybrid investment models. In M&A, Balefire formed from the merger of VisionPoint Advisory and Navitas Wealth, while SOL Capital, Focus Partners, and Emigrant Partners made key moves. Leadership appointments at Parcion, Nordwand, and Focus Financial reflect talent positioning for growth.

Alts Asset Manager News

Goldman Sachs Asset Management is building on its growth equity platform with West Street Growth Equity Partners II, which has raised $555M to date. The new fund follows a $5.2B debut and will target high-growth global software, fintech, and healthcare businesses. Darren Cohen, co-head of growth equity, said returns have historically exceeded 20% annually. In PE, Rotunda Capital raised $735M, while LaunchBay Capital launched its first India-focused fund. In private credit, Synergy Capital secured $715M, Nassau Global Credit closed two CLOs, and Monroe Capital formed a $1.7B JV with SMBC and MA Financial to support mid-market loans.

 Stay ahead of the trends - subscribe to Dakota News for exclusive insights.

New call-to-action

Written By: Dakota

logo-1

The Database For Cold Outreach to Reach Institutional and RIA Investors