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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
Guam Retirement issued an RFP for a $100M real assets mandate. Virginia Retirement committed $575M to HPS, Audax, and True Green. San Bernardino County may allocate $200M to an Adams Street SMA. Colorado Fire & Police allocated $98M to five alts funds. Houston Firefighters committed $30M to Avenue Asia Fund VII. Callan issued an RFP for a pension seeking $150M–$300M for industrial real estate ventures. CPP Investments sold $870M in fund interests to Ares and CVC. Washington State re-upped $1.5B to EPIF and Advent. Arizona PSPRS named Alexander Dorf deputy CIO. LA Fire & Police committed $105M to three funds. San Antonio F&P approved $220M in private markets pacing and new searches.
RIA and Wealth Channel News
PwC found family offices now prioritize direct deals, sustainability, and club deals—now 62% of activity. Procyon took a minority investment from Constellation. BFS acquired $350M Napatree Capital. Former Angel Oak advisors launched Sardis Group with $198M AUM. Claypond hired Chandra Sekhar Garisa. Rockefeller added two Merrill teams in Chicago. RayJay recruited $225M advisor Joel Mitchell in Washington.
Private Fund News
Navis Capital closed a $230M TPG-backed continuation fund. Omni Bridgeway, with Ares, launched the first legal assets continuation fund. Sculptor closed a $900M private credit fund. TDK Ventures launched a $150M deep tech VC fund, and Sunflower raised $150M for a second early-stage fund.
Other News
TPG and Temasek are taking stakes in Cliffwater, joining TA Associates. Nomura named Ashu Pal head of portfolio management.
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