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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
Partners Capital CIO Alex Band stressed the importance of niche and emerging managers across strategies like buyouts, venture, and hedge funds on the Dakota Live! Podcast. He highlighted their ability to generate incremental returns (6–8% over average managers), adding that despite higher evaluation hurdles, these managers offer strategic advantages like fee flexibility and future capacity. Band emphasized sourcing through a 400-person network and sees these partnerships as key to long-term value. In investment news, LACERS, TRS of Louisiana, and Miami Firefighters allocated to real estate and equities, while Louisiana School Employees’ committed $10M to AJ Capital Partners’ Field & Stream Hotel fund.
Wealth Channel News
Family offices and wealthy investors are increasing allocations to private equity secondaries, capitalizing on steep discounts and institutional liquidity needs. According to Jefferies, the market hit $162B in volume in 2024 and is expected to grow further in 2025. JPMorgan, BNY Wealth, and Goldman Sachs all cited strong demand. Public pensions like New York Common Fund and PSERS sold billions in fund stakes, fueling liquidity. Montana Capital Partners found that 12% of family offices allocated over 25% of their PE portfolio to secondaries in 2024. Evergreen structures are also making secondaries more accessible, creating room for larger, more flexible deals.
Alts Asset Manager News
Versor Investments co-founder DeWayne Louis says the AI revolution is leveling the playing field for boutique firms. Speaking on the Dakota Rainmaker Podcast, he shared how Versor, spun out of Investcorp in 2014, now manages $1.4B using quantitative, tech-driven strategies. Louis emphasized that small firms can now compete with large managers by leveraging AI and unstructured datasets. But he warned that firms must embrace change or risk falling behind. In fundraising, ECP, GoldenTree, Bosch Ventures, and Synergos launched or closed major funds, while OPEN and UC Davis Health Ventures expanded VC efforts. Partners Group also launched a private credit LTAF.
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