Mark Redman, global head of private equity at the Ontario Municipal Employees Retirement System, is leaving the plan for personal reasons.

Apartment Income Investors received a total of $7.4 million in committed capital from five investors at the first close of its Transformation Housing Fund.

Mike Freno has been named president of Barings.

John Blaisdell, founder, chairman and ceo of Salient Partners, died in his Houston home on Feb. 15.

Stuart Odell Jr. will join investment consultant Verus as a managing director and senior consultant on Feb. 24.

Franklin Resources, a global investment management organization operating as Franklin Templeton, has entered into a definitive agreement to acquire Legg Mason.