Industry News
By now, most know that less than 2% of the U.S.-based investment management industry’s $82 trillion in assets is handled by diverse managers. Maybe less know that historically Black college and university endowments make up an even smaller percentage of higher education endowments nationally.
The firm hired two teams from LGM and opened an office in Hong Kong to enhance its capabilities in emerging markets and China.
Northleaf Capital Partners raised $675 million for its latest global private equity solutions fund, the firm announced today.
Firm has closed its second fund with total commitments of approximately $410 million.
The health system hired its first investment head to oversee approximately $9 billion in assets across its operating, defined benefit pension and health insurance pools.
The firm added a managing director in Chicago for its real estate team.
Firm closed the inaugural fund with over $1.2 billion in capital commitments.
He will develop and execute the firm’s sales and marketing plan for clients and assets.
Global alternatives investment manager Ares Management will acquire a minority stake in institutional scientific fixed-income manager BlueCove Limited.
Massachusetts Mutual Life Insurance Company will transition its direct private investments team to Barings.