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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
Scottish Friendly appointed Schroders to manage a £2.1B mandate, coinciding with its acquisition of Fidelity’s £2.16B portfolio. Cook County committed $254M across three private credit funds. LADWP re-upped $50M to Harrison Street, and Chicago Teachers committed $28M to Newport Fund IV. New Hampshire allocated $50M to Comvest, renewed Boston Trust Walden, and replaced Lazard in non-US equity.
RIA & Wealth Channel News
Advisory M&A stayed active. Pure Financial acquired $900M Fairhaven Wealth, and Bleakley added two ex-Northwestern Mutual teams totaling $1B. LPL recruited $230M Tenacity Group, and RayJay added a $250M advisor in SoCal. Safeguard entered Arizona with a new acquisition. NewEdge hired two UHNW advisors, and Rockefeller added an eight-member UBS team in NJ.
Private Fund News
EQT’s BPEA Fund IX surpassed $10B before first close and is eyeing a $12.5B target. EQT also plans to launch a US evergreen product. Arthur Ventures raised $800M across three funds, and Van Lanschot closed €388M for its third PE strategy. BDI Partners raised $159M for a built environment fund, while Linden Capital and Five Arrows each surpassed fund targets. Pantheon, ABC Impact, Manulife, and AVP also reported strong closes.
Other News
Wellington, Vanguard, and Blackstone announced a collaboration to create blended public-private investment offerings. Sagard acquired a stake in BEX Capital to expand into secondaries.
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