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FIN News
03.04.2025
The firm has appointed Kate Burke as its next ceo, effective later this summer.
The firm’s second structured capital fund closes with $400 million of commitments.
The plan approved three alternatives commitments at its board meeting last week.
The public trust fund based is expected to consider new private credit commitments to a direct lending strategy and a special situations strategy at this week’s board meeting.
The plan hired a new domestic small-cap equity manager last month, replacing a terminated incumbent manager.
A new survey finds institutional investors remain optimistic about private markets and alternative asset classes’ ability to buoy their portfolio despite economic uncertainty.
The retirement system committed to three existing manager relationships and one new manager relationship in the first quarter.
The university has voted down two proposals asking to divest its endowment from entities related to the war, humanitarian crises and human rights violations in Israel and will not consider further petitions.
Creative Planning is assisting with the search.
The district is seeking a firm to provide investment advisory services for its investment portfolio(s).
02.04.2025
The search follows the Jan. 3 departure of Executive Director Janilyn Murtha.
The retirement system committed to funds with two new manager relationships last week.
The global private investment firm new president began in the role today.
The lower middle market private equity firm’s newest funds closed at their collective cap of $1.4 billion.
BC Partners Credit, the private credit arm of BC Partners, raised over $1.4 billion in investable capital for its third special opportunities fund.
The firm’s new managing director has joined from Duration Capital Partners.
The city issued an RFP in July seeking a firm to provide record keeping services for its plans.
The county terminated its outsourced cio yesterday due to underperformance.
The deputy cio has resigned after a nearly 20-year career at the plan.
The retirement system introduced TIPS and eliminated its low volatility and public real assets targets as a result of a new asset allocation policy.
01.04.2025
The retirement system is monitoring its domestic small-cap core equity manager for performance reasons.
The plan also terminated an emerging markets equity manager for performance reasons.
The deal will add approximately 2,900 advisors and roughly $285 billion in brokerage and advisory assets to LPL’s platform.
The retirement system approved the hire following a search report presentation from its consultant.
The potential move comes as the strategy’s portfolio manager recently retired.
Joshua Schachter steps into the role after 25 years of investing alongside longtime CIO Richard Snow.
The newly established role will further strengthen the equities platform, optimizing performance and fostering innovation across Principal’s global equity strategies.
The foundation’s new co-chair will serve alongside Michael Arougheti.
The domestic large-cap growth equity manager had been on watch due to underperformance.
Early-stage venture capital firm Construct Capital successfully closed its $300 million Fund III, the firm announced.
29.03.2025
The retirement system is searching for active diversified commodities investment management services.
The new structure will result in manager terminations and searches.
The retirement system’s existing consultant will see its contract expire on Dec. 31.
The plan is looking for non-emerging, emerging and emerging managers-of-managers.
The city issued a record keeper RFP on behalf of the plans in December.
The fund closed at €21.5 billion in total commitments, a 35% increase from its predecessor.
The retirement system approved two infrastructure commitments at its investment committee meeting yesterday.
The plan approved the search at a board meeting earlier this week.
The retirement system disclosed infrastructure and credit commitments totaling $300 million at today’s board meeting.
The position will oversee a nearly $7.5 billion portfolio.