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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
Cornell University appointed Jeff Smith as senior investment officer, overseeing PE and VC. South Carolina RSIC committed $100M to Hg Saturn 4 A, and Plymouth Retirement issued an RFP for a $10M real estate mandate. Mendocino County hired Brandes for international small cap equity. Dallas ERF Executive Director Cheryl Alston stepped down after 20 years. Jacksonville P&F re-upped $20M to Kennedy Lewis, and LACERS proposed a new private credit benchmark.
RIA & Wealth Channel News
Advisors expect private market allocations to rise. A survey by Adams Street found 67% of advisors expect increased client alts exposure, especially in mid-market buyouts and evergreen funds. Creative Planning acquired $1B Monterey Private Wealth, while EP Wealth added $385M AlphaMark Advisors. Other moves: Opal Wealth named a new CGO, Jonathan Bulman joined Cetera, Benchmark acquired full control of Oculus Wealth, and Keyaki Capital launched an online private asset platform.
Private Fund News
Private funds remain active. Linden Capital raised $5.4B for its largest healthcare fund. Five Arrows closed a €2B GP-led secondaries fund, and Pantheon launched a new evergreen credit secondaries strategy. ABC Impact hit $600M+, Manulife closed its $660M PE FoF, and AVP rebranded with EIF backing. Founders Fund raised $4.56B, Morgan Stanley hit $2.3B for its third co-investment fund, and CVC is rumored to be eyeing Golub Capital.
Other News
Bayview Asset Management launched a Fund Finance unit led by Timms and Doherty. Grosvenor expanded its JV with Urban Standard Capital to $135M. HSBC is exploring private credit partnerships, and UK’s Treasury is moving forward with a national pension consolidation plan.
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