New York Life to Acquire Majority Stake in Invictus Capital Partners
The real estate credit manager manages $20 billion in assets, according to the announcement, and operates loan sourcing and operations platform Verus Mortgage Capital.
Corporate Moves
Creative Planning Acquires RVK
The acquired firm has more than 200 institutional clients, including public retirement plans, endowments and foundations.
Sell-Side Firm Wolfe Research Launches Alternative Asset Management Unit
The platform will offer investment opportunities across private markets.
Wealth Adviser Prime Capital Launches Endowments, Foundations OCIO Practice
The firm taps Mark Hays to grow its institutional client base.
Aon Buys USI from KKR in $17B All-Cash Transaction
The sale price is more than triple KKR’s total equity investment in the insurance broker.
Victory Capital to Acquire First Eagle Investments
The combination will create creating a $571 billion manager with ‘complementary’ equity and fixed-income capabilities and a CLO and alternative credit platform.
T. Rowe Price Acquires Fixed-Income Asset Manager F/m
The approximate $19 billion in acquired assets under management will more than double T. Rowe Price’s fixed-income exchange-traded fund assets.
Stone Point, Genstar to Hold Equal Stakes in Ascensus
GIC will remain an investor in the recordkeeper.
Goldman Sachs to Add $30B in Assets Through NEOS Acquisition
The acquisition of active income exchange-traded-fund assets, on top of the firm’s recent purchase of Innovator Capital Management, will create a $130 billion ETF platform.
Australian Super Funds Explore Potential Merger
Prime Super and Aware Super, with a combined roster of 1.4 million members, are in the due diligence phase.
Apollo to Open ‘Innovation’ Hub in Austin, Texas
The planned hub will be led by Apollo Capital Solutions’ Eric Needleman and Athene Holding’s Mike Downing.
Bloomberg to Buy Canoe Intelligence in Private Markets Data Push
With the acquisition, Bloomberg aims to broaden the alternative investment data available through its terminals, as well as to support a total portfolio view.
PGIM to Acquire Remaining Stake in Credit Manager Deerpath Capital
The lower-middle-market direct lending firm is intended to bolster PGIM’s capabilities across private credit segments.
Amidst Sector Growth, Clipway Closes Debut Secondaries Fund
The London-based manager’s Secondary Fund I raised $6.4 billion from 186 limited partners, three years after the firm’s public debut.