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Institutional Allocator News
Chicago Teachers’ Pension Fund issued an RFP for core plus fixed income managers, seeking a $500M-$750M mandate, with proposals due March 24. Louisiana Firefighters’ shortlisted Walter Scott, Wellington, and Schroders as global equity finalists for its $125M mandate. Mendocino County hired State Street Global Advisors for passive international equity and is reviewing emerging markets and small-cap candidates. Imperial County is considering reducing core fixed income in favor of US TIPS and cash allocations, while increasing private credit. Santa Barbara County ERS allocated $40M across GTCR, Integrum, ABR Chesapeake, and Vision Ridge funds. LA Fire & Police committed $10M to Resolve Growth Partners Fund II and extended Lisanti Capital’s contract after 25.68% returns.
Wealth Allocator News
Elevation Point took a minority stake in Triton Wealth, a $225M Minnesota RIA. Robertson Stephens launched a family office unit for ultra-high-net-worth clients, led by Bruce Stewart. Bogart Wealth appointed Jeffrey Fuhrman as president, following a minority stake sale to Constellation Wealth. Caprock Group recruited Goldman Sachs advisor David Solow to lead its sports and entertainment client services. Beacon Pointe hired Alison Kvikstad from Ellevest to expand its Women’s Advisory Institute. LPL recruited $400M Georgia team Servant Path Wealth Partners from Synovus. Raymond James added $195M Wells Fargo advisor Edward Gallie, and Mesirow hired Gary Pattengale as a tax planning specialist.
Private Fund News
Brookfield is raising $7B for its fourth infrastructure debt fund, building on its $6B predecessor. Thoma Bravo closed its €1.8B European fund, targeting middle-market software investments. GCM Grosvenor secured $615M for its third co-investment fund, surpassing its prior $540M close. SC Lowy is seeking $500M for its third private credit fund, focusing on APAC and EMEA regions. Footwork Ventures raised $225M for its second fund, supporting consumer and enterprise tech startups. Camber Partners closed $210M, exceeding its $150M target, to invest in growth-stage B2B software.
Other News
Genstar Capital is reportedly in talks to acquire First Eagle Investment Management from Blackstone and Corsair in a $4B+ deal.
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