Canada’s largest pension plan was active in both backing funds and in co-investments.
Canada’s largest pension plan was active in both backing funds and in co-investments.
The asset manager says it will only turn positive on equities again when central banks turn more dovish.
The investment groups have formed a new vehicle called 23S Capital.
Nordic sovereign, city pensions among seven investors in HitecVision’s energy fund.
plan is in midst of implementing recent asset allocation changes.
provider and insurer is largest nongovernmental employer in Pennsylvania.
Dutch pension fund doubles MaxCap exposure from 2019, secures $1.2 billion re-up option
Blackstone, KKR, TPG, Apollo, Ares and Carlyle have more than $500 billion of dry powder.
Coleman leaving Sempra Energy; fills spot vacated by retiring Liza Crisafi.
She will manage the $1B
endowment August 22 after leaving Yale New Haven
Ciranna delays retirement, but successor will pick replacement for Ray Joseph.
Move comes days after DOJ closes investigation; Robert Devine has served as interim CIO for past 8 months.
Equity, Real Estate, Secondaries, Jefferies, Wilshire Associates, Coller
Capital, Los Angeles County Employees Retirement Association, LACERA, New
Jersey Division of Investment, Washington State Investment Board
The $7.5 billion private
wealth manager added a total of $135 million AUM.
A talented pianist as a teen, she now advocates taking risks and thinking long-term.
Lee leaves firm; William Conway to serve as interim CEO.
Green ammonia is a zero-carbon fuel and acts as a storage and transport medium for green hydrogen.
The fund has sold its stakes in oil and gas groups Woodside and Santos, among others.
Up to 1,200 new homes will be built under Australian Retirement Trust’s partnership with QIC.
The shift to clean energy means ‘one of the biggest investment booms of all time – and the spending is not optional.’
The fund has launched a three-year strategy aimed at digitization, upskilling, and better service levels.
Diversification will become more important, particularly as opportunities open in emerging markets, investors say.
Empire State retirement system remains active in PE, real estate.
Farlekas is now an assistant professor at Fairfield University.
Subsidiary Alera Group
Wealth Services gains $1.5B RIA
spent nearly seven years at the Ivy League school’s endowment.
Jonathan Popielarski leaving role as director of private assets; Justin Maistrow becomes deputy CIO.
Survey says they are showing less interest in growth equity, new managers and Asia.
CRPTF commits $300M to 3-year investment with GCM
System told to increase private equity, decrease international equity.
has allocated more than 25% of $1B program; also seeks to diversify
international equity portfolio.
Hamrick tapped to fill spot vacated by Liza Crisafi’s retirement.
Public Pensions Authority is the latest, tapping Steve Willer to replace Steven
Picard will head the alternative investment platform for the $140B private wealth manager.
Kudu Investment Management bought minor stake in the $3B RIA.
Investors flock to West Loop, Chicago industrial at large.
Ontario Teachers’ real estate arm, UK’s Boreal IM acquire industrial assets from Europa Capital.
Unlike other developed markets, Australia’s economy is not expected to slide into a full-blown recession.
Proposal would have allowed staff to allocate some capital without board approval; board members ask for oversight.
Outflows in the first half of 2022 reached a record $71.9 billion, with withdrawals from equity markets leading the way.
Esdec generates annual sales of close to 506 million.
Women tend to live longer, meaning they require additional retirement savings.
Kim Kolt is co-founder and General Partner at Bay Bridge Ventures, the first purpose-built, institutional ESG and Sustainability focused venture capital firm. Bay Bridge is committed to inclusivity - starting from leadership and continuing through the underlying investments - in addition to responsible stewardship - active, high-engagement investing through multiple stages of development.
Jared Speicher set to head North American buyout
investing for MetLife.
State-backed developer, distressed debt asset manager to manage property bailout fund.
Unlike other developed markets, Australia’s economy is not expected to slide into a full-blown recession.
Bril will serve as head of responsible
investment; joins from Arabesque Asset Management.
Detrick joined colleague Burt White at $20B Carson Group
to reduce fees paid to PE managers and generate strong returns spurs
institutional investors to find ways to collaborate with firm managers.
Laura LaTourette (she/her/hers) takes a unique view about how she approaches running her Georgia-based RIA, Family Wealth Management Group. From an entrepreneurship lens, LaTourette works to differentiate her brand within a crowded market, which can make all the difference when setting out to create a long-lasting, thriving private wealth practice.
Bill Sappington will develop
a companywide banking and lending platform.
Baggesen replaces Andrew Junkin, who took CIO role at Virginia Retirement System.
SERS board had postponed committing to the funds in June over diversity concerns.
named to fill position following departure of Elizabeth Burton; search ongoing.Hodel
named to fill position following departure of Elizabeth Burton; search ongoing.
billion fund is expected to focus on private equity, real estate, and private credit,
according to job listing.
Alaska Permanent Fund Corp. CIO discusses challenges of managing $79.5 billion AUM SWF.
Cando Rails operates the Central Manitoba Railway in Winnipeg and owns switching operations in Wisconsin, Michigan and Arkansas.
benefitted from being under-allocated to stocks.
Marenda likens industry to what hedge fund industry was like in its infancy; calls blockchain technology potentially revolutionary.
Disaster relief, medical research, domestic violence and climate change are among the causes that Australians are most interested in supporting, says Elston’s head of philanthropy.
Orida will replace Neil Cunningham, who is set to retire.
CFA Stephen Kolano will lead startup Integrated Family Office
– a big backer of venture capital – sees year-to-date gains through May.
With exception of private equity, system is in sync with new asset allocation policy.
returns from private markets cannot offset equity and fixed income losses.
funds sustainability-linked debt refinance for largest mall in Germany.
Despite its modest origin, CAIA has expanded into a globally recognized designation, and alternatives are hardly alternative.
The superannuation fund for employees in hospitality, tourism, recreation and sport attributes its outperformance to active management.
Meier is the one-time interim CIO of the State of Connecticut; fills spot vacant since end of ’21.
Shackelford comes from North Dakota State
Department of Trust Lands.
RCA left Fifth Third to manager its $550 million under Stratos Wealth
looks to double investing in sector in ’22, driven in part by success in
backing natural gas entities.
TRS has lost 21 people over past two years to outside firms.
While a U.S. recession would probably be shallow, returns across asset classes are likely to be muted moving forward.
PIF to become second-largest shareholder in Aston Martin.
commits to two firms already in its portfolio.
Kristen Oliveri, Head of Private Wealth Content at Markets Group, sits down with Carina Diamond, the chief experience officer of Dakota Wealth Management, to discuss how Diamond has cultivated a unique firm culture within her RIA, helping both clients and employees flourish in a time of great change.
Pension plan also discloses that it took part in a co-investment with a PE manager.
Rising inflation. Rising interest rate. Plus, a looming recession. The stock and bond market are down but—regardless—the 60/40 portfolio will remain.
Capital Four US CEO and Portfolio Manager Jim Wiant discusses opportunities across credit markets and credit strategies given recent changes in market conditions.
Its deal for Dyson Capital Advisors, a $3.5 billion Virginia company, will close August 1.
Digital innovation, cryptocurrency valuations and the future of the digital asset ecosystem are all hot-button issues as digital asset managers navigate a market full of innovations – and pitfalls.
Minerals needed in the clean energy transition include lithium, cobalt, copper, and nickel.
Plan’s board approves Bernhard Capital Partners, Hark Capital and TPG funds.
Consumer-focused PE firm sees private credit as ‘natural extension,’ mum on fundraising plans.
JPMAM’s Michael Cemblest, and BCA Research’s Matt Gertken discuss strategizing for geopolitical risk.
Group expects industry to also have poor results over at least the next two
sees valuation increase in newest round, on pace to do $600 million in 2022.
It has backed diversified macro trend-following managers that target macro trends in energy and agricultural commodities, bond futures, currencies and other assets.
Unlisted assets now comprise 52% of Temasek’s portfolio – a substantial increase from 27% a decade ago.
looks to fill two positions to support strong work of consultants and board.
Scheider to take over for David Layton, who also is Partners’ CEO.
Paul Ciancarelli of David Barrett Partners talks about searching and placement within the private wealth industry.
Manav Bansal will head BII’s operations in India – the institution’s biggest investment market.
Canadian pension system increases Euro infrastructure exposure with contractor acquisition.
stranger to dealing with financial crises, he is preparing the state pension
fund for opportunities.
Musicco says move enables pension plan to
‘capitalize on market opportunities.’
88-year-old was killed in the parade mass shooting in Highland, Park, Ill.
The fund’s members have endured their first annual negative return since the global financial crisis.
Simpson Thacher & Bartlett veteran has worked with investment firm on transactions for several years.
comes months after death of CIO who oversaw PFRS and Detroit General Retirement
Experts agree the magnitude of the incoming slowdown in the multifamily sector will depend on the actions taken by the Fed in the second half of 2022.
Berkshire Hathaway’s CalEnergy Resources has also agreed to codevelop additional renewable energy facilities in the country.
Pension plan sees private equity co-investing as key component but needs the right people to execute.
Battery manufacturer secures commitments from 14 investors, including pensions, insurance companies.
‘Ambitious’ plan involved changing private
equity, private credit, real assets and fixed income mix.
System’s CIO believes most of its peers will
also have negative results.
Eric Sterner will be CIO of the $2.5 billion RIA.
The investment manager sees opportunities in quality bank paper, municipal bonds and agency mortgage-backed securities.
However, ANZ expects China’s GDP growth to slow towards mean global growth rates of 2% to 3%.
Dutch, Canadian pension funds back second round of fundraising for $2B industrial partnership.
He joined 2-year-old institutional specialist Investment Office Resources.
has invested in a series of funds raised by firm her father co-chairs, the
oversaw endowment’s real estate, energy and natural resource portfolio for 18
will try to push through tough public market.
Target Newport Private Wealth Management has $4.3B under management.
She resigned her position as deputy executive director July 1.
CIO says pension plan will seek to have Florida legislature lift cap.
VRS earmarks $875 million towards credit fund, real assets
finds SWIB managed less assets in-house in 2021 than in 2017.
Private markets giant invests in digital private
market exchange, adds head of digital assets.
Investment Council votes unanimously on fund commitments, drops Franklin
joins Wafra Inc. to launch co-investment initiative.
OCIO has nearly $8 billion in assets under management.
Earlier this year, the Public Investment Corporation signed a new unlisted assets mandate with its biggest client.
The executive director of Fonds de Réserve pour les Retraites discusses macroeconomics, megatrends, and ESG
Some investors, including Temasek and PIMCO, are seeing value in U.S. Treasuries.
begins for new leader for PE-focused LP group; Choi to serve as interim head.
Martin Ruiz used client money to purchase a $245,000 home, pay $3 million he owed on credit.
Manilla to be replaced by Deputy CIO Barker.
System hopes to enable participants to choose from DB offerings, including private equity and real estate.
Plans see, project big savings from bringing investment functions in-house.
The price of bitcoin has fallen by around two-thirds since November 12.
duties will be assumed by Steven A. Soloria.
Cooperation agreement aims to spur investment networks in Africa, includes 12 SWFs.
The strategy launches with US$1.25B in assets, with a $500M anchor commitment from Hostplus.
Above target, plan makes no new commitments in May, but does back private credit and real assets funds.
Ritholtz Wealth Management sub-advised a ‘minority’ investment in compliance management system.
The 73 members of the Net-Zero Asset Owner Alliance have $10.6 trillion in assets under management among them.
Consolidation is already sweeping through the industry, with at least nine mergers either in progress or under serious consideration.
taps more than 100 institutional investors to blow past hard cap.
would have forced pension funds to sell off some $13B of assets.
Person tapped would replace Andrew Junkin and take over plan that is set with PE in 2022.
ASIC has published a set of guidelines for superannuation funds.
GIC, APG peg The Student Hotel value at $2.1B
Future Fund says it is using Sue Brake’s departure as an opportunity to restructure its investment team.
Family Office Advisor Paul Simon discusses personally investing in pharmaceutical psychedelics to combat mental health issues.
New York-based alternative asset manager Weiss Multi-Strategy Advisers thinks concerns about regulatory risks are overblown.
Budde had been with firm since 2005; also worked at ABRY Partners.
policy allocations could increase 10-year returns from 5.9% to 6.3%.
Sonali Dalal is leaving PSU for the University of St. Thomas.
System also commits over $5 billion of capital to
He spent 14 years at the endowment after leading private markets at Teacher Retirement System of Texas.
Power Sustainable two-thirds of the way toward closing the North American-focused fund.
Mayor of Palm Springs, Calif., appointee to the CalPERS Board of Administration and the first transgender person elected to political office in California, on what companies can do to protect LGBT employees.
Increase is reportedly the largest single rate hike in a single meeting since 1994.
Growth and late-stage VC expected to take worse
hit – an event that may slow fundraising rush.
The $60B Marnier made Corbenic its fourth acquisition of 2022.
Acquisition is the latest in a string of deals along the hot SoCal coastal market.
Market could be worth $1T by 2050, according to some projections.
begins nationwide search for a replacement; Conroy named interim CIO.
Merger would create fund with $49B under management.
Staffan Hansén will join the fund on or before December 1.
Musicco & UTIMCO’s Hall start new roles in downturn.
Kirk Sims joined the $180 billion Teacher Retirement System of Texas (Texas TRS) in 2019 to direct its emerging manager program, and has coached a 5-year annualized return of 11.1%. Here's how he does it.
She will take over building an investment business for the $900 million University of St. Thomas.
Jim Mocci exited $200 billion Fishers Investments for rising RIA EP Wealth Advisors.
finds majority expect allocations to increase by between 5% and 10%.
SERS had been set to commit $125 million to Sentinel Capital Partners.
Veteran CIO describes balance needed to work at a public pension plan.
wealth fund moves quickly to replace former head Petter Johnsen.
plan sells Calgary producer to PE Firm.
institutions using different approaches or holding off, given drop in bonds.
Canadian pension plan sees asset under management grow significantly.
Nielsen takes charge of the $34.8 billion fund after Robert Clark’s departure.
Dustin Johnson, the former world No. 1, and South Africa's Louis Oosthuizen are among those who have quit the PGA tour in favor of the fund’s breakaway series.
Pension fund also approves commitments to three other funds.
University weighing to invest in 18 managers
discovered during process.
Limited partner concerns reported by Coller
Capital include reputation and new sources of capital.
With an initial war chest of $3.6B, Temasek’s new GenZero subsidiary aims to accelerate decarbonization.
Canadian pension fund invests in ports, industrial real estate in UAE.
Star of the South is Cbus’ first direct investment in offshore wind in Australia.
The RIA and private bank landed people from B of A, BB&T, Fifth Third and M&T Bank.
backs Sentinel Capital Partners despite board concerns.
joins from Cook County Pension Fund.
New plan would streamline process and enable more capital to be deployed.
fund sees benefits of investing in Sequoia Capital’s new funds outweigh risks.
After a drop in 2021, capital raised but not committed increases.
adjust outlook for Asia property sector despite declining mortgage rates
Cadillac Fairview, Boreal team to assemble €3 billion logistics portfolio.
However, the world’s largest asset manager still favors developed market equities and inflation-linked bonds on a long time horizon.
Amber McLeod has exited
Crypto asset to RIA business Onramp Invest.
The Public Investment Corporation says its operations head has been suspended pending the outcome of an independent inquiry.
The fund has already made sizable investments in telecommunications, renewable energy and other sectors.
York-headquartered Kudu has raised $800 million after opening in 2018
He oversaw Rice University’s Endowment for many years.
Canadian pension plan combines two units to back companies poised for ‘transformational growth.’
Acrisure will use the capital to continue acquisition momentum.
Alts manager Blackstone appoints Mark Glengarry as Head of Asia-Pacific Origination at its credit unit, BXC.
PERS Sees Value of Stocks Decline by Nearly $3 Billion Between March and April.
Private equity firm will use $25 billion fund to invest in an array of sectors and geographies.
The IMF does not expect a global recession to materialize, although the risks are increasing.
The $35 billion investment advisor also named Kelly Margeni president.
Kristen Oliveri, Head of Private Wealth Content with Markets Group, sits down with Tommy Mayes, Managing Director, Executive Advisor, SunGate Capital, a single-family private equity and investment office, to discuss everything from the direct deal landscape to family governance and family office regulation.
AUM grew 12% in 2021, the sovereign wealth fund says.
Janus Henderson: BHP is set to be the world’s largest dividend payer for the second year in a row.
Asset holdings have been boosted by investment gains and above-average client contributions.
Combination creates $27B multi-family office.
Venture firm sees Web3 entering ‘golden era.’
Canadian pension fund poised to invest in healthcare, vegetable deals.
Climate change could cost the global economy $178 trillion over the next 50 years if left unchecked.
Tennessee retirement system deploys $250M to Blackstone, EQT Exeter RE funds, agrees to exit Denver multi-family.
investment commission also approves new fund commitments as CIO prepares to
$35 billion multi-family office bought Advisor Partners for an undisclosed
may pave the way for other PE firms to buy teams.
will leave Rhode Island and replace Schmitz.
native Gino DeRango will develop and lead client acquisition.
urged to expand peer group and tie compensation to performance.
While the strengthening of the dollar has translated to positive returns for some investors, the longevity of the currency’s rally is uncertain.
The Connecticut startup awarded CFA Cameron Dawson its inaugural C-suite position.
Given the unavoidable impact real estate has on our lives in order to satisfy need for space for various human endeavors, we are all in real estate--but few understand what it takes.
UniSuper is looking to broaden its reach, while ACS says its members will benefit from greater scale if the merger goes ahead.
Apollo will own a minority stake in life science VC firm.
It’s the third mandate since 2015.
Private equity fund of funds is the first for MIM.
A quarter of the division’s positions are open, but aggressive hiring push is on.
Elizabeth Burton’s future plans are not known.
He has been serving as acting director and CIO for nearly a year.
TPG Founding Partner Jim Coulter is pleased with fundraising and deal success.
the denominator effect hits more institutions than usual, it may crimp investors
and make it more difficult for GPs to raise funds.
After netting 9.6%, Teachers' fund buys more shopping plazas.
first investment is all about monitoring carbon.
Fund will make direct investments across PE, private credit, infrastructure and real estate.
Survey shows ESG and diversity and inclusion on the investment team given less importance.
The pension fund is seeking to select a firm by early June.
Northrip and Dimple Shah tapped to lead $475B Advisor Group.
Doñé to oversee Platinum's strategic planning and investor capital development.
The $30 billion Los Angeles Fire and Police Pensions is looking for his replacement.
After a brief garden leave, Ash Williams, former CIO of the Florida SBA, is back in the industry. Why he chose JPMAM, and what he’s watching.
State's Russian investments at 'write-off' point.
Pension fund will look to find new managers.
CEO Marc Rowan
explained the new business model during Milken Institute Global Conference.
Board Approves List of Qualified Candidates
Acrew's Gouw makes notable donation.
Suzanne van Staveren will take over as CFO for the $290 billion independent investment advisor and financial planner.
Blackstone buying spree continues after PS Business Parks acquisition.
Pension fund eyes sale of fund-of-funds stakes.
Plan could allocate more than $300M to asset class in 2022.
New target will help plan move toward endowment model.
Charles H. Hood Foundation at the forefront of pediatric research innovation with help of great-grandson.
Rip Reeves is planning to become a teacher with LSU; a search for his predecessor is ongoing.
Decarbonization Partners joins startup's $125M round.
Battery Ventures, New Mountain, Threshold and ArchiMed are among those backed.
CalSTRS, Florida SBA and Orlando Police pension fund among other pension funds with stakes in social network.
Prior CIO held the post for 10 years.
Plan would move slightly away from some international equities.
Fund seeks to deploy 3% of assets into each sector.
KKR, AEW pen Singapore office sale in Tanjong Pagar.
Alternatives giant finds success in raising capital from array of investors.
Oil fund sees negative returns across equity, fixed-income holdings.
Unit gets a new name and target.
VC and real estate targeted for hikes.
Dinneen was previously CIO at Hamilton College, where she oversaw $1.5B endowment.
Hire could mark a strategy change for university.
Change marks the second increase to sector in two years.
Pension fund's longstanding policy is paying off.
The position will be responsible for all aspects of the governance program for the investment division and the system.
System names Florida SBA Deputy CIO Alison Romano to CIO and CEO positions.
Makes move despite past criticisms of fees paid to managers.
Funding round should hold Tarana until offering.
PERF has allocated 27% of its fund to private equity and 25.2% to public equities.
Penson's hedge fund allocation moves to 3% from 6% to save on asset management fees.