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Institutional Investor News
Cerulli Associates reports rising OCIO use among endowments and foundations with $100M–$250M in assets, while larger institutions remain slow to adopt. Drivers include portfolio complexity and alternative investments. Meanwhile, Neuberger Berman, Franklin Resources, and others inked deals with Saudi Arabia’s Public Investment Fund. Minnesota SBI, Louisiana TRS, Chicago Teachers’, and Dallas Police & Fire made significant allocations across private markets. Qatar Investment Authority plans $500B in new U.S. investments, while U.S. endowments eye secondaries to manage liquidity pressures.
Wealth Channel News
Cary Street Partners acquired $360M IFS Advisors, expanding in Florida after its PE deal with CIVC Partners. The firm now manages $10.7B across 20 offices. New RIAs launched by Jesus Fomperosa (ex-JPMorgan) and XRSM Wealth via Mariner Independent show continued advisor mobility. Osaic Institutions added $500M in CU assets; Focus Financial will merge Kovitz into Focus Partners Wealth. Other firm moves include Rothschild & Co., Partners Group, and Sowell Management, while BBVA, UBS, and FNZ made key personnel appointments.
Alts Asset Manager News
CVC Capital Partners is prepping evergreen fund launches for 2025–2026 after raising €1.3B in under a year and closing €8.2B for its direct lending fund. Its AUM reached €141.8B, up 42% year-over-year. Meanwhile, Blue Owl, Inflexion, JPMorgan, Lilly Asia Ventures, and Harbinger led strong fundraising rounds. Cohen & Steers and IDR announced a new hybrid real estate strategy. Firm expansions include Ares, Coller Capital, and Infinity Capital, while BlackRock, Mirabaud, and Aksia reported senior leadership hires.
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