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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 Allocator News
Institutional investors are shifting strategies to enhance diversification and risk-adjusted returns. Illinois Police Officers Pension Fund issued an RFP for a $390M U.S. small-cap equity mandate, with selection in September. Illinois SURS increased private markets exposure while reducing public equity. Alaska Retirement Management added four equity managers and plans $850M in allocations. LACERA committed $950M to CLO and buyout funds, while San Diego CERS allocated $50M to Antares Senior Loan III to strengthen its private credit holdings.
RIA & Wealth Channel News
M&A activity remains strong in the RIA space. Merit Financial acquired $1.6B Sanctuary Wealth, expanding into Idaho, while Wealth Enhancement Group is buying $3B Marcum Wealth. Bleakley Financial partnered with Rise Growth Partners to accelerate M&A and recruitment, and MCF Advisors secured a minority investment from WPCG and HGGC Aspire Holdings. Pure Financial acquired $567M Personal Investment Management, and Flagstar Bank appointed Mark Pittsey as Head of Private Banking. UBS recruited Lin Reynolds from JPMorgan Private Bank, reinforcing top-tier talent movement.
Private Fund News
Private funds continue attracting strong investor demand. Stripes Group launched its seventh private equity fund, while PineBridge Benson Elliot closed a €500M European real estate fund. Sofinnova Partners raised €165M for biotech acceleration, backed by Amgen and Pfizer Ventures. Copenhagen Infrastructure Partners (CIP) secured €12B+ for renewable energy investments. TDR Capital considers a £2.3B continuation fund for David Lloyd Gyms, while Avance Investment Management seeks $1B for its second buyout fund. KV Capital launched a Canadian building products fund, emphasizing growth in private markets.
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