Industry News
The firm has named a partner as head of North America to be responsible for its largest North American clients’ investment programs and continue refining the investment strategy.
The alternatives firm has entered into a definitive agreement to acquire an Asia-focused private equity manager with almost $4 billion in assets under management.
The firm hired a managing director for its buyout strategy to identify, evaluate and lead new investment opportunities.
The firm has hired a retirement plan consultant to provide not-for-profit and for-profit clients with investment oversight and guidance.
The appointment came after two directors left the college savings plan to join the its program manager as a senior v.p. and v.p.
The fund exceeded its $400 million target and closed above its initial $500 million hard cap.
The firm closed NB Credit Opportunities Fund II with $2.5 billion in commitments.
The search follows the plan announing the impending departure of the incumbent executive director and cio last month.
The plan had previously posted the position to the National Association of Retirement Plan Administrators website in April.
The fund will provide senior secured debt capital to middle market North American businesses.