Welcome to Dakota's Daily Investment News
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.
To read the full articles and access all Dakota News, subscribe for $350/yr, or get it included with a Dakota Marketplace subscription.
Subscribe today and stay ahead of the competition!
Institutional Allocator News
A survey by Ortec Finance found that 58% of US pensions saw financial improvements in 2024, but 74% expressed liquidity concerns from private markets exposure. Washington State Investment Board allocated $220M to Centerbridge Special Credit Partners V, following its $200M investment in Fund IV. Louisiana MERS is interviewing First Eagle, LSV Asset Management, and Causeway Capital for its international equity mandate. Miami Beach Fire & Police allocated $10M to private real estate, splitting funds between Sabal Strategic Opportunities Fund II ($7M) and Affiliated Housing Impact Fund II ($3M). Chicago Firemen’s hired JP Morgan ($70M core-plus) and Wellington Management ($50M core) for fixed income mandates. Nashville & Davidson County committed $73M across Axiom Asia VII, Centerbridge Capital Partners V, and Pimco Corporate Opportunities IV, reinforcing existing relationships.
Wealth Allocator News
Rockefeller Capital Management recruited Meyer DeMartini Wealth Partners, a $4B team from Merrill Private Wealth. UBS added a $880M Denver team from Cresset, strengthening its advisory network.
Private Fund News
Schroders Capital raised £500M (~$632.7M) for the UK’s first Innovation LTAF, targeting AI, fintech, and life sciences. Bonfire Ventures secured $245M for its largest flagship B2B software fund. Afore Capital closed a $185M “pre-seed 2.0” fund, focusing on software startups. Cherryrock Capital raised $172M for its debut VC fund, supporting overlooked founders in fintech and digital health. Munich Private Equity launched its first ELTIF, targeting EU lower mid-market buyouts.
Other News
Reckoner Capital launched as an alternative credit manager, backed by RedBird Capital. Abrdn is in advanced talks with China’s Citic Bank to establish an asset management joint venture, aiming to expand in the Chinese market.
Stay ahead of the trends - subscribe to Dakota News for exclusive insights.
