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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
Oklahoma PERS launched an RFP for its $241.5M US small cap growth equity allocation. New Mexico SIC is committing $725M across six alternatives funds and renewing JP Morgan’s short duration IG contract. CalSTRS committed $150M to a Nuveen self-storage SMA. LA Water & Power finalized a $100M allocation to Beach Point Fund V. San Jose City is targeting $135M in 2025-2026 commitments. LACERS reviewed its asset mix workplan with potential non-US equity and infrastructure shifts.
RIA and Wealth Channel News
Blue Owl hired Stacia Hatfield from DeVoe & Co. as it continues to build its private wealth business. OneDigital named Michael Esselman CIO. Anna Rathbun exited CBIZ to launch an RIA. Stifel added $212M advisor Mike Dressel from UBS.
Private Funds News
LLR Partners closed Fund VII at $2.45B, with $416M from US pensions. Sky Leasing closed $1.35B Fund VI, backed by pensions including TCDRS and SCERS. Mubadala committed $1B to Fortress private credit strategies. New VC firm CIV raised $200M for critical industries. Estancia launched a continuation vehicle backed by Barings and Kline Hill. Symetra raised $408M for its inaugural CLO. KHP Capital closed $300M Fund VI for hotel deals.
Other News
Retail private credit funds from KKR, Capital Group, and Pimco received regulatory approval. Tony Pritzker launched PAS to invest in PE funds. Coastal Breeze Partners launched in Boca Raton targeting industrial and business services investments.
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