Capital Group, KKR Collab on New Retail PE Fund, 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.

Access to full articles and the entire Dakota News archive is available to Dakota Marketplace subscribers. Book a demo today to learn more and stay ahead of the competition!

Subscribe today and stay ahead of the competition!

Institutional Investor News

CalPERS reaffirmed its commitment to private equity, citing strong liquidity and a 14.3% PE return for FY2024. CEO Marcie Frost noted that private equity—now at a 17% target allocation—remains a top long-term performer and that strategies launched in 2022 are delivering value with reduced fees through co-investments. CIO Stephen Gilmore added that private equity generated over 60% of the pension’s excess return this year. Elsewhere, activity continues across the institutional landscape: pensions in Fairfax, Tacoma, and Philadelphia advanced new commitments and consulting arrangements, while Australia’s Rest Super backed climate-focused Wollemi Capital, and Concord issued new RFPs for domestic equity mandates.

Wealth Channel News

Rathbones Group has pivoted to growth after completing the migration of Investec Wealth clients and assets. The UK wealth manager is launching a refreshed retirement income platform and entering the model portfolio service space to expand intermediary distribution. With net outflows slowing and operational disruption easing, Rathbones expects organic growth to accelerate in the second half. New RIAs Samara Capital and SummitPoint Capital Management debuted in Oregon and Colorado, while Titan Wealth acquired Finance Shop and FS Wealth, boosting its AUM to £37B. Meanwhile, Janney and Raymond James continued aggressive advisor recruiting, adding over $3B in AUA across multiple teams and regions.

Private Fund News

Capital Group and KKR are preparing to launch a hybrid public-private equity interval fund in 2026, extending their retail investor access strategy beyond credit. The Capital Group KKR US Equity+ fund will target U.S. companies with 60% public and 40% private equity exposure. In private equity, Lexington raised $3.75B for Co-Investment Fund VI, Littlejohn launched Fund VII, and Glenwood PE closed its latest vehicle oversubscribed at $1.1B. KKR also closed a $6.5B asset-based finance fund, while Nuveen raised $785M for its C-PACE Lending Fund III. Across real estate and VC, new funds targeting energy-efficient projects and healthcare innovation are gaining momentum globally.

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