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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
Seventeen top UK pension providers, including Aviva, M&G, Mercer, and Aegon UK, pledged to allocate 10% of default DC funds to private markets via the Mansion House Accord, unlocking up to £50B for the UK economy. The deal targets UK infrastructure, property, and private equity by 2030. Meanwhile, Dakota tracked $14B in April allocations, with major commitments from Illinois TRS, Washington State Investment Board, North Dakota SIB, Kern County, and San Diego City ERS. LSERS and Callan also announced follow-on and consultant appointments.
Wealth Channel News
iCapital acquired Citi Global Alternatives’ feeder fund platform, enhancing its alts distribution infrastructure with 180+ vehicles across private markets. The move continues iCapital’s growth following past acquisitions from UBS, Wells Fargo, and BofA. In firm updates, 55 North Private Wealth made its first acquisition, Charles Schwab expanded alts offerings, and new RIAs launched from Genesis Financial Group and NWF Advisory (now Artisan Capital Partners). People moves include appointments at Hue Partners, StoneBridge, Financial Synergies, and advisors joining Raymond James.
Alts Asset Manager News
Seward & Kissel found 77% of 2024’s new US hedge funds focused on equities, with managers increasingly offering founders classes and cutting fees amid tough fundraising. New equity funds offered average 1.38% fees, down from 1.48%. Seed capital remains strong from institutional and family office sources. In fundraising, Andreessen Horowitz, TPG, Pemberton, Kayne Anderson, Actis, Metric Capital, and Northleaf led with multibillion-dollar closes, while niche funds launched from TIN Capital, Work-Bench, and Tritemius. GP and infrastructure strategies are gaining traction across geographies.
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