Industry News
Kelly Cavagnaro joins from Columbia Threadneedle Investments.
The new hire spent the past 16 years at Vanguard Group, where he most recently served as senior director of consultant relations.
The firm has lifted five new employees from Aviva Investors.
Northwestern Mutual will acquire a minority equity interest in Sixth Street.
Dana Emery will relinquish her chair and ceo titles at the end of this year after more than 40 years with the firm.
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.