Fundraising News

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March 05, 2024

Minnesota State Invests $575 to Alts

The Minnesota State Board of Investments (SBI) approved four commitments to real assets, private equity, and real estate, totalling $575 million. In real assets, $150 million was allocated to...

March 05, 2024

Southfield ERS Invests $1M to Real Estate

At the January 16 board meeting, the Southfield Employees’ Retirement System approved a $1 million commitment to TerraCap VI. According to meeting minutes, there is potential to increase the...

March 05, 2024

Watertown Retirement Seeking Global Fixed Income Managers

The Watertown Retirement System has issued a Global Fixed Income RFP in search of qualified investment managers to provide active global fixed income investment management services. The Retirement...

March 05, 2024

Focus Financial Leads Merger with The Colony Group

Focus Financial Partners has announced a merger between two of its partner firms, GW & Wade and The Colony Group. GW & Wade, which managed about $10.4 billion in assets as of December 2023, became...

March 04, 2024

NM SIC Commits $460M to Alts

The New Mexico State Investment Council has approved three commitments totalling $460 million to private credit, private equity, and venture capital, according to recent meeting minutes. In private...

March 04, 2024

Bristol County Issues RFP for Global Infrastructure Manager

The Bristol County Retirement System issued an RFP for an open-end global diversified infrastructure manager for a total mandate of $40 million. Proposals are due by 12:00PM EST on April 17, 2024....

March 04, 2024

LPL Financial Adds Texas-based RFS Financial Services

RFS Financial Securities has joined LPL Financial, bringing $140 million in assets. They were previously with Lincoln Financial Advisors. The team is based in Lubbock, Texas and led by David Miller...

March 04, 2024

Mubadala & Goldman Sachs Partner for Private Credit

Goldman Sachs and Mubadala Investment Company, a leading sovereign investor, have established a $1 billion partnership to jointly invest in private credit opportunities across the Asia Pacific...

March 04, 2024

MAI Capital Acquires New Jersey RIA

MAI Capital Management has acquired LWS Wealth Advisors, a Registered Investment Advisor (RIA) firm with $562 million in assets, located in Basking Ridge, New Jersey. The acquisition was finalized on...

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