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.
Pension
plan is in midst of implementing recent asset allocation changes.
Healthcare
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.
Carina
Coleman leaving Sempra Energy; fills spot vacated by retiring Liza Crisafi.
She will manage the $1B
endowment August 22 after leaving Yale New Haven
Ray
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.
Private
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.
Kewsong
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.
Noradeen
Farlekas is now an assistant professor at Fairfield University.
Subsidiary Alera Group
Wealth Services gains $1.5B RIA
She
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.
Plan
has allocated more than 25% of $1B program; also seeks to diversify
international equity portfolio.
Jamie
Hamrick tapped to fill spot vacated by Liza Crisafi’s retirement.
Kentucky
Public Pensions Authority is the latest, tapping Steve Willer to replace Steven
Herbert.
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.
Ryan
Detrick joined colleague Burt White at $20B Carson Group
Potential
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.
Hodel
named to fill position following departure of Elizabeth Burton; search ongoing.Hodel
named to fill position following departure of Elizabeth Burton; search ongoing.
$20
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.
System
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
School
– 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.
Strong
returns from private markets cannot offset equity and fixed income losses.
Allianz
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
System
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.
System
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.
StepStone
Group expects industry to also have poor results over at least the next two
quarters.
wefox
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.
ERS/EOS
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.
No
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.’
The
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.
Move
comes months after death of CIO who oversaw PFRS and Detroit General Retirement
System.
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.
APFC
has invested in a series of funds raised by firm her father co-chairs, the
Carlyle Group.
Longee
oversaw endowment’s real estate, energy and natural resource portfolio for 18
years.
Clarios
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.
Interim
CIO says pension plan will seek to have Florida legislature lift cap.
VRS earmarks $875 million towards credit fund, real assets
Audit
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.
State
Investment Council votes unanimously on fund commitments, drops Franklin
Resources
Moseley
joins Wafra Inc. to launch co-investment initiative.
Not-for-profit
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.
Search
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.
Hollenbeck’s
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.
Firm
taps more than 100 institutional investors to blow past hard cap.
Bills
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.
Long-term
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
managers.
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.
State
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.
CalPERS’
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.
Survey
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.
Sovereign
wealth fund moves quickly to replace former head Petter Johnsen.
Pension
plan sells Calgary producer to PE Firm.
Other
institutions using different approaches or holding off, given drop in bonds.
Canadian pension plan
sees asset under management grow significantly.
Charles
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.
System
backs Sentinel Capital Partners despite board concerns.
Vinzons
joins from Cook County Pension Fund.
New plan would streamline process and enable
more capital to be deployed.
Pension
fund sees benefits of investing in Sequoia Capital’s new funds outweigh risks.
After a drop in 2021, capital raised but not committed
increases.
Investors
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.
New
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.
State
investment commission also approves new fund commitments as CIO prepares to
leave.
The
$35 billion multi-family office bought Advisor Partners for an undisclosed
amount.
Deal
may pave the way for other PE firms to buy teams.
Junkin
will leave Rhode Island and replace Schmitz.
Chicago
native Gino DeRango will develop and lead client acquisition.
Pension fund
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
TPG Founding Partner Jim Coulter is pleased with fundraising and deal success.
As
the denominator effect hits more institutions than usual, it may crimp investors
and make it more difficult for GPs to raise funds.
Its
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.
Iryna
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.
Pension is also searching for new personnel in sustainable investment and stewardship, direct private equity, private equity, risk mitigation and real estate.
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.
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