Industry News
The firm’s new managing director has joined from Duration Capital Partners.
The deal will add approximately 2,900 advisors and roughly $285 billion in brokerage and advisory assets to LPL’s platform.
Joshua Schachter steps into the role after 25 years of investing alongside longtime CIO Richard Snow.
Early-stage venture capital firm Construct Capital successfully closed its $300 million Fund III, the firm announced.
The newly established role will further strengthen the equities platform, optimizing performance and fostering innovation across Principal’s global equity strategies.
The foundation’s new co-chair will serve alongside Michael Arougheti.
The fund closed at €21.5 billion in total commitments, a 35% increase from its predecessor.
The global alternative investment firm’s new co-cio originally joined the firm in 2014.
The university’s managing director of real assets is leaving the institution after nearly eight years of service to join a southern retirement system in the same role.
The firm added a Northeast sales director to grow its business, which provides investment management and advisory services to endowments and foundations in addition to pensions funds, insurance companies, sovereign and government funds.