The selected firms include Northern Trust, Australia and New Zealand Banking Corp., and Westpac Banking Corp., along with smaller fintech providers.
The insurer’s annuity and asset management businesses will tap the alternatives giant for private credit offerings.
The firms’ offerings made up 85% of all crypto AUM, while separate research found 75% of investors expect cryptocurrency to soon become part of institutional allocations.
According to the recently passed state budget, teachers will see their representation on the State Teachers’ Retirement System of Ohio’s board slashed to three from a majority of seven by 2028, following years of governance conflict.