Industry News
The global private investment firm new president began in the role today.
BC Partners Credit, the private credit arm of BC Partners, raised over $1.4 billion in investable capital for its third special opportunities fund.
The search follows the Jan. 3 departure of Executive Director Janilyn Murtha.
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.