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.
To read the full articles and access all Dakota News, subscribe for $350/yr, or get it included with a Dakota Marketplace subscription.
Subscribe today and stay ahead of the competition!
Institutional Investor News
NY Common added $2.4B in sustainability investments and allocated $400M to a new emerging markets account. Kansas PERS committed $355M to alts and rescinded a planned Principal RE fund allocation. Houston Police committed $45M to an Ares credit secondaries fund. StanCERA re-upped $15M to Sole Source and reviewed PE/PC pacing. Callan issued an RFP for a $150M–$300M industrial real estate JV. CPP Investments sold $870M in fund interests to Ares and CVC. Washington State re-upped $1.5B to EPIF and Advent. Arizona PSPRS named Alexander Dorf deputy CIO. LA Fire & Police committed $105M to three funds. San Antonio F&P approved $220M in private markets pacing and new manager searches.
RIA and Wealth Channel News
CAA launched a family office advisory unit led by Julie Zorn. Fortgage Capital launched with Elevation Point backing. RBC Wealth recruited $5B Degenaars Babb team from JPMorgan. Stifel added $873M MainStreet team from UBS. Lido acquired $870M BluePointe Capital. Old Dominion Bank joined Osaic’s institutional platform. Kestra added Turas Wealth from UBS. SFA’s Strategic Blueprint acquired three RIAs totaling $200M AUM. TurnPoint Wealth launched via RFG Advisory. TCI Wealth named Michael Preis CIO. Citi’s Steven Wieting exited after 28 years. Concurrent appointed Leah Bennett chief investment strategist.
Private Fund News
Navis Capital closed a $230M TPG-backed continuation fund. Omni Bridgeway, with Ares, launched the first legal assets continuation fund. Sculptor closed a $900M private credit fund. TDK Ventures launched a $150M deep tech fund, and Sunflower raised $150M for a second early-stage fund.
Other News
TPG and Temasek took minority stakes in Cliffwater. Nomura named Ashu Pal head of portfolio management.
Stay ahead of the trends - subscribe to Dakota News for exclusive insights.
