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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
Institutional allocators continued to deploy capital across credit, equity, and real asset strategies. Wyoming SLIB selected Kennedy Lewis and TPG Angelo Gordon for its private credit portfolio, committing $300M combined. LADWP committed $150M to private equity and private credit funds and extended mandates with BlackRock and Earnest Partners. Arkansas PERS hired five managers for its core real assets mandates, including CBRE, IFM, and StepStone. Houston Police re-upped $30M to Starwood Capital, and Fresno County reviewed Mondrian’s emerging markets equity performance, noting strong YTD outperformance despite long-term underperformance.
RIA & Wealth Channel News
In advisor platform moves and M&A, LPL Financial announced a deal with First Horizon Advisors, adding $16B AUM. Cerity Partners entered North Carolina with the acquisition of Cook Wealth ($529M AUM), while Waverly Advisors acquired Fiduciary Wealth Advisors ($110M AUM) in Florida. These moves expand presence and services for HNW and UHNW clients.
Private Fund News
Private fund managers continued strong fundraising activity. Andros Capital closed Fund III at $1B, maintaining its focus on energy deals. First Eagle opened its new Private Credit Fund to US wealth investors, targeting senior secured loans. Atempo Growth II secured €300M at first close, bringing AUM to over €700M. FM Capital raised $240M for Fund IV, focused on mobility and transportation tech, and ImpactA Global, backed by Legal & General, secured $200M to finance sustainable infrastructure in emerging markets.
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