BlackRock Aims for $400B in Private Market Fundraising by 2030
The manager wants to expand its alternative investment offerings to wealth managers and aims to be the world’s largest cryptocurrency asset manager.
Corporate Moves
Kuwait Investment Authority Joins AI Infra Partnership With BlackRock, Microsoft
The firms, along with MGX, plan to mobilize $100 billion to scale data centers.
Franklin Templeton to Acquire Private Credit Manager Apera
The $5.7 billion firm will focus on direct lending in the European lower-middle market.
Mercer, Mizuho Will Partner on OCIO Offerings in Japan
Under the bank’s Asset Management One subsidiary, the duo will offer outsourced CIO services to institutional clients.
Insurance AUM Has Tripled in Past Decade, Reaching $4.5T Last Year
Insurers are increasingly allocating to alternative investments, with private asset AUM growing to $800 billion from $50 billion since 2015, according to a report from Clearwater Analytics.
Neuberger Berman, PIF to Deploy $6B in Saudi Investments
The duo will launch a multi-asset program to support the growth of the asset management industry in Saudi Arabia.
Temasek, T. Rowe Price Among Investors in Benefits Provider, Broker Hub International
The equity investment values the private equity-backed firm at $29 billion.
OCIO Provider Brown Advisory Expands to Abu Dhabi
The firm named Jack Weatherby as head of Middle East as part of a regional expansion.
Proposals Against ESG, DEI Set to Increase This Proxy Season
ISS-Corporate research projected how shareholder engagement is likely to change this year.
TPG Launches Sports Investing Platform With Rory McIlroy
The professional golfer’s Symphony Ventures and the newly formed TPG Sports received an anchor commitment from Abu Dhabi’s Lunate.
Nomura to Acquire $180B AUM Macquarie Asset Management Business
The $1.8 billion acquisition of its U.S. and European business will see 700 Macquarie staff join Nomura and will open wealth management opportunities in the U.S. for the Japanese bank.
TPG, Temasek to Take Stake in Cliffwater
The duo will join private equity firm TA Associates as investors in the alternative investment adviser.
University of Utah Selects Cynosure as OCIO for $1.8B Endowment
The Salt Lake City-based fiduciary manager was selected from 50 potential service providers.
Gallagher & Co. Acquires Investment Consultant, OCIO Firm Agilis Partners
The Agilis team will be merged into Gallagher’s operations.