Norges Bank Topped GPIF to Become Largest Institutional Investor
During a strong 2024 for sovereign wealth funds, Norway’s Government Pension Fund Global surpassed Japan’s Government Pension Fund, although the top spot did fluctuate.
Corporate Moves
WTW to Acquire Secondaries Manager FlowStone
The acquisition, set to close in early 2026, aims to enhance WTW’s private markets capabilities for institutional and wealth investors.
Goldman Sachs to Acquire ETF Provider Innovator Capital Management
GSAM will add $28 billion in exchange-traded-fund assets to its platform.
Alts Manager Wafra Takes Stake in Ardian
The investment, made through the firm’s strategic partnerships program, is one of many GP stakes it has made.
Truist Launches Institutional Capital Group
The team, which will cover middle-market private equity sponsors and family offices, will be led by Chris Jackson.
Hamilton Lane, Guardian Announce Long-Term Partnership
The deal is also expected to bring more than $5 billion to Hamilton Lane over 10 years.
General Catalyst, Trian Seek to Buy Remaining Shares of Janus Henderson
A Janus Henderson special committee will consider the nonbinding takeover offer, which values the company at more than $7 billion.
Federated Hermes to Take 80% Stake in Multifamily Real Estate Manager
Maryland-based FCP will add a $3.8 billion platform brings Federated into the U.S. real estate market and expands its presence in private markets.
ISS STOXX Launches Real Assets Climate Solutions Suite
The tools aim to help investors understand climate risks within their portfolios.
Proxy Advisers Rally Investors Against Musk Pay Package at Tesla
Institutional Shareholder Services and Glass Lewis are recommending shareholders vote against a $1 trillion compensation plan for Elon Musk.
Madison Dearborn Partners to Acquire Stake in Insurer
The private equity firm will take a minority investment in the Insurance Office of America alongside Canadian broker Navacord.
Apollo Launches Sports Investing Platform
The firm’s Apollo Sports Capital business will make commitments in sports and live events.
GP Stakes, Co-Investments Rise as LPs Seek Deeper Partnerships
Limited partners want greater oversight over their illiquid investments.
ISS Launches Engagement Disclosure Solution for Institutional investors
The new solution aims to streamline regulatory reporting.
Morningstar to Acquire Center for Research in Security Prices
The purchase from the University of Chicago of the provider of historical stock market data and indexes is valued at $375 million.