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Institutional Investor News
Harvard is in advanced talks to sell $1B of private equity stakes, advised by Jefferies, with Lexington Partners as the reported buyer. OMERS buyouts chief Eric Haley will retire at year-end. LASERS added Orchard Global to its multi-sector credit roster. Rhode Island Pension may replace Payden & Rygel with Garcia Hamilton for cash management. Baltimore ERS selected Northern Trust for a $40M low-volatility mandate. Merced Employees' Retirement committed $5M to Threshold Ventures V.
RIA and Wealth Channel News
A $2.1B team from Commonwealth launched Summit Wealth Group in Colorado. RBC Wealth recruited the $500M MK Group in Austin. Carroll Wilkerson launched a new RIA in Missouri with $272M AUM. RayJay added $110M advisor Jeff Purdon in Atlanta. UBS appointed Matt Benson as Virginia market director.
Private Fund News
Clearlake got more time to close its $15B Fund VIII. Gaw Capital is seeking $2B for Gateway Fund VIII. Peak XV Partners (formerly Sequoia India/Southeast Asia) targets $1.2B–$1.4B for its new fund. StepStone closed Tactical Growth Fund IV with $700M. GoldenTree closed a $500M CLO. Kompas VC closed €150M Fund II targeting industrial innovation. RockawayX launched a $125M VC fund focused on the Solana ecosystem.
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