Wellington pilfers PIMCO to launch real estate credit platform, and more…

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Institutional Allocator News

Alameda County Employees Retirement Association is considering Arga Investment Management and Pzena Investment Management for a $30M emerging markets equity mandate. Rhode Island State Pension eyes $76.75M in commitments to BPEA Private Equity Fund IX and Greystar Essential Housing Fund I. Vermont PIC committed $35M to the US Core Farmland Fund and is reviewing a $50M TPG Angelo Gordon private credit investment. Chicago Teachers’ Pension Fund plans a $30M commitment to Basis Real Estate Fund III. PA PSERS Executive Director Terri Sanchez will retire June 27 after three years.

Wealth Allocator News

CAPTRUST acquired $1.4B Carolinas Investment Consulting, its second deal this year. Mariner Wealth Advisors is fully acquiring $730M Ocean Heights Advisors, transitioning it from an independent platform. F.L. Putnam acquired $330M AOG Wealth Management, marking its tenth office. LPL recruited a $250M Wells Fargo team in NJ, while Ameriprise landed $210M Highland Wealth Management from LPL. Partners Wealth Management in the UK acquired £855M ($1.1B) Johnston Carmichael Wealth, increasing AUM to £6B ($7.6B).

Private Fund News

BlackRock’s GIP is closing its fifth flagship fund at a $25B target, potentially exceeding its $22B predecessor. Wellington launched a private real estate credit platform, hiring ex-PIMCO executives. Accolade Partners filed for new private equity, venture, and empowerment funds, succeeding its prior $400M, $131M, $505M, and $325M fund series. 8VC launched a $998M Fund VI, with New Mexico SIC committing $15M. Nazca Capital is raising €400M ($429.7M) for Spain’s largest aerospace and defense PE fund. Mitiska REIM closed its €310M European Real Estate value-add fund, exceeding its €300M target.

Other News

Blackstone Credit & Insurance (BXCI) invested $2B in ITE Management, expanding its $10B transportation infrastructure portfolio, advised by Goldman Sachs.

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