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Institutional Allocator News
Nebraska Investment Council (NIC) is reviewing six candidates for its general consultant search and five for specialty consulting, while also approving $112M in commitments to One Rock Capital Partners IV and Trive Capital Partners V. Oklahoma TRS is considering reducing public equity from 55% to 46.5% while increasing allocations to private equity, private credit, and real assets. San Antonio Fire & Police Pension Fund committed $40M to venture capital, re-upping $20M each to StepStone VC Global Partners XII and Top Tier Venture Velocity Fund 5. University of Houston Endowment allocated $10M to Frontenac XIII Private Capital while making equity manager changes, liquidating Oldfield Partners and hiring Acadian Non-US Small Cap Equity and Independent Franchise Global Equity. Adams County Retirement Plan is considering an RFP for a new general consultant as its CAPTRUST contract nears expiration.
Wealth Allocator News
Citi Wealth recruited Christopher Biotti from BofA as Head of Citi Private Bank for North America, marking its second major leadership hire of 2025. Schroders Wealth Management appointed Oliver Gregson as CEO, succeeding Mary-Anne Daly, with a mandate to expand the firm’s £121.3B wealth business globally. Polaris Financial added $80M California Community Credit Union to its network, enhancing financial planning and investment management offerings for CACCU members.
Private Fund News
Banneker Partners filed for Banneker Partners Fund III, the successor to its $550M second fund, with PJT Partners assisting in marketing. Conservation Equity Management (CEM) is launching Conservation Equity Fund II, continuing its sustainable real estate investment strategy after raising $114.4M for Fund I.
Other News
Coatue Management hired Blackstone veteran Peter Wallace as Co-President & Head of Private Investments and Carlyle alum Nathan Urquhart as Co-President & Head of Strategy, signaling an expansion in its private investment focus. HGGC acquired a majority stake in Centralis Group, a global alternative asset fund administrator, as the firm continues to grow its $8B in managed assets.
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