Industry News
The oversubscribed fund brings the firm’s total capital under management to approximately $1 billion.
The strategic, minority investment was made through Blackstone’s GP stakes business.
The deal, which is expected to be completed by the end of March, will add $292 billion in assets under advisement and about 40 employees to the firm’s institutional practice.
Investors and allocators approached 2024 with an optimistic outlook, anticipating that inflation had peaked and would continue to reverse course, and they were rewarded as the Federal Reserve cut rates and equity and bond returns ended up firmly in the green. The year ahead, however, leaves investors with questions on how to navigate a market where valuations appear full and few assets appear cheap.
The institution is seeking a managing director to spearhead investments in oncology-focused startups and source, evaluate and negotiate early-stage investment opportunities.
An investment consultant is adding approximately $2 billion in client assets through the acquisition of two registered investment advisors and wealth management firms.
The firm has expanded its executive leadership team by promoting three v.p.s to head of client development, head of human resources and office services and general counsel.
Domain Timber Advisors made a series of leadership changes effective Jan. 1.
He was appointed to the role in 2023 for the institutional outsourced cio practice of U.S. Bancorp Asset Management, housed within PFM.
The deal will see approximately $6 billion in assets transferred to MetLife Investment Management.