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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.
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Institutional Investor News
Winning mandates from insurance LPs requires more than strong returns — GPs must think like underwriters, says T.C. Wilson, CIO of $7B medical malpractice insurer The Doctors Company. Wilson prioritizes managers who tailor proposals to statutory constraints, understand regulatory reporting, and leverage structures like rated feeder notes to optimize Schedule BA limits. Evergreen funds with flexible liquidity are also valued. Across the market, CPP Investments committed $163M to a Canadian data center expansion, Guardian Life seeded Janus Henderson’s new ABS ETF with $100M, and NYSTRS renewed contracts with 10 managers. Meanwhile, Marlborough’s pension allocated $20M to Constitution Capital and HarbourVest private equity funds.
Wealth Channel News
LPL Financial has closed its $305B Commonwealth Financial Network acquisition and is targeting 90% advisor retention through a brand-preserving, autonomy-focused integration. While some advisors are exploring RIA launches, LPL is positioning its custody, compliance, and shared ADV solutions as compelling alternatives. Mercer Global Advisors expanded in Florida with the $1.2B Family Wealth Planning Group acquisition, and UK-based JTC agreed to buy Kleinwort Hambros Trust to grow its estate planning and offshore administration services. On the new firm front, Marc Simmons launched Simco Financial in New York to serve primarily 401(k) plan sponsors via a sub-advisory model.
Private Fund News
Blue Owl Capital is positioning to lead the GP-led secondaries market, building its Strategic Equity Strategy to $1.7B in just two years. The platform targets single-asset continuation funds and offers liquidity solutions while allowing PE sponsors to retain trophy assets. PGIM closed its $4.2B Senior Loan Opportunities II, one of the year’s largest middle-market private credit funds. In private equity, Frazier Life Sciences raised $1.3B for its twelfth fund, and Dextra Partners closed its $825M Co-investment Fund VII. Venture activity included Point72’s plans for a $400M debut VC fund and Drive by DraftKings preparing its second vehicle focused on real money gaming.
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