Industry News
The fund exceeded its $1.75 billion target.
The acquisition consists of a “significant majority” of the wealth business, including Wealthspire Advisors, Fiducient Advisors and Newport Private Wealth.
The firm closed its ninth growth buyout fund with commitments totaling $7 billion.
The middle market private investment firm has raised more than $3 billion total for its latest private equity and credit funds.
The asset manager has appointed its global co-cio to serve as its new president, responsible for developing the firm’s long-term strategy, executing operating plans, delivering investment performance, cultivating client relationships, managing vendor relationships and developing staff.
The firm has hired a v.p. of investor relations as well as a new controller.
The foundation has hired a director of impact investments to oversee its mission-aligned strategies.
Foundations saw their average annual returns land in positive double-digit territory for the second consecutive year as community foundations outperformed private foundations when compared with their peer size group for the second year in a row, a new study found.
The firm has hired a head of investment management to lead the development of its first centralized investment management platform for individuals, foundations and family offices.
The university has elected a new chair of its board of trustees after its former chair, the co-founder of an investment manager, retired after 11 years of service, including four as chair.