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Investment Allocator News
The Colorado Fire & Police Pension Association (FPPA) committed $557M across six funds in December 2024, reallocating $300M to Arrowstreet Capital and $175M to Angelo Gordon Direct Lending Evergreen Fund in private credit. Additional allocations included $30M to NOVA Infrastructure Fund II and $10M to Matchstick Ventures Fund IV. FPPA oversees $7.35B in assets. Sonoma County Employees Retirement Association committed $155M to CC&L Global Equity Fund, lowering its equities passive core to 39%. Texas CDRS allocated $105M to Dawson Evergreen (Master) 1 and Adelis Equity Partners Fund IV AB, bringing its assets to $47B. Oakland Police and Fire Retirement System shortlisted three finalists for a $25M-$30M international equity manager allocation, while San Diego County Employees' Retirement Association (SDCERA) is selecting a new general consultant, evaluating RVK, Verus, and Aon from seven RFP respondents.
Wealth Allocator News
Apollon Wealth Management expanded into New York with the $484M acquisition of C.J. Lawrence. EP Wealth strengthened its Colorado presence with the $190M purchase of The Holben Group, while Focus Financial Partners merged Dorchester Wealth Management with Cardinal Point, increasing its AUM to CAD $5.1B ($3.51B). Compound Planning recruited seven advisors, including a $1.2B team from Iowa, and Cetera Financial Group added $235M AUM Clear Financial Partners in Oregon. Mercer Global Advisors appointed Ted Motheral as co-lead for its M&A team.
Private Fund News
ICG closed its $11B Strategic Equity Fund V, surpassing its original $6B target, while Blue Owl Capital secured $1B for its Strategic Equity Fund. CVC Capital Partners raised €4.61B ($4.86B) for its Strategic Opportunities III fund. Adelis Equity Partners closed €1.62B ($1.71B) for Fund IV. Fairfield raised $1.47B for its U.S. Multifamily Value Add Fund IV, its largest real estate fund to date. 400 Capital Management closed $1.39B for its fourth private credit fund, doubling its predecessor’s size. Cantor Fitzgerald and Silverstein Properties secured $470M for their Opportunity Zone Fund, and Eurazeo raised €300M ($315.7M) for its Planetary Boundaries Fund. LoneTree Capital debuted with a $200M growth equity fund.
Other News
Blue Owl Capital appointed Rosamond Price as head of Private Wealth EMEA, leveraging her experience from Brookfield Oaktree Wealth Solutions and PIMCO. Blackfin Capital Partners acquired Lemanik Asset Management, managing €30B in third-party assets, reinforcing its European asset management presence. Xavier Parain was named CEO following the transaction.
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