Industry News
Institutional investors may be keen to make portfolio adjustments with the U.S. presidential election just a week away, but the industry finds it best to avoid making decisions based on polling predictions and market volatility.
The alternative asset manager added three members to its institutional business development team.
The close brings Blackstone’s global direct lending platform to over $123 billion in assets under management.
The firm’s Global Fund Program will celebrate its 30th anniversary next year.
The newly appointed cio has been with the firm for 19 years and also serves as cfo, a partner and a member of its investment committee.
The partnership will further deepen Legal & General’s private markets capabilities in the U.S. as well as address investor demand for real estate equity exposure.
The duo will be responsible for driving the strategic direction and commercial success of the institutional business in the region.
The firm has closed its eleventh fund at its hard cap of $4.5 billion.
She will take over responsibilities from the firm’s retiring managing director of business development and client relations.
The foundation has added two investment professionals who are alumnus to its board of directors to manage fiduciary responsibilities, business affairs and its assets.