Hightower to Take Majority Interest in Investment Consultant and OCIO Provider NEPC
The acquisition would create a parent company with $1.8 trillion in assets under administration.
Corporate Moves
Eldridge Industries Acquires 10% Interest in Blue Owl GP Fund
The investment firm joins more than 30 other institutional investors in the Blue Owl GP Stakes Fund III.
Ares to Acquire Real Estate Asset Manager GCP International
The deal will double Ares Real Estate’s assets to $96 billion.
Australia’s QIC Makes History With Shopping Mall Sale
The deal marks the first Australian investment by U.S.-based real estate manager Hines.
Apollo Aims to Double AUM by 2029
During the firm’s investor day, CEO Mark Rowan laid out plans to achieve $1.5 trillion in managed assets, which include leaning into demand for private credit and retirement products.
Investment Firms’ AI Adoption Hindered by Lack of Standards, CFA Institute Finds
A recent survey found that investment professionals agree AI standards are needed before they utilize the technology.
Higher Military Outlays Are Boosting Defense Stocks—With More Upside Ahead, Say Strategists
In the US, members of both parties back a boost in Pentagon spending. The consensus is similar for military-related outlays in Japan and Europe.
Meketa to Hold 15th Emerging Manager Conference in October
The event will be among several conferences held in 2024 that focus on emerging and diverse managers.
Value of Pension-Backed M&A Deals Soars to $13.6B in Q2
Despite seven fewer transactions than one year earlier, total deal value rose 158%.
BlackRock to Acquire Alternatives Data Provider Preqin
The $3.2 billion deal is expected to close before the end of the year.
Medical Technology and the Fight Against Cancer
Biomedical researchers are discovering drugs that improve patient care and although many needs remain unmet, investment opportunities emerge.
Vanguard Reopens Two Actively Managed Funds to All Investors
The Primecap and Primecap Core funds were closed to new investors in 2004 and 2009, respectively.
The Evolution of Insurance in the Age of PRT
Private equity investment in the insurance industry is affecting how some view risks in the pension risk transfer market, while others say it will broaden the PRT sector’s appeal as a diversification tool.
Dutch Pension ABP to Partner With Network Provider KPN on Tower Company Joint Venture
The duo will manage the joint venture’s telecommunications assets under TowerCo.