Industry News
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.
The firm has taken a minority ownership stake in Altan Asset Management.
He is responsible for business development and capital raising activities across the firm’s global private equity strategies.