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.
Corporate Moves
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.
Janus Henderson Subsidiary to Sell Stake to Annuity, Life Insurance Firm
The deal will bring $600 million in capital commitments to the asset manager’s private credit affiliate, Victory Park Capital, from CNO Financial Group.
PGIM, Partners Group Cooperate on Multi-Asset Investing
The duo will provide strategies for institutional and individual investors.
Investment Managers Express Increasing Interest in Generative AI
An average of more than three in five asset managers are using generative artificial intelligence, up from 40% last year, according to a Broadridge study.
Alts Manager Rithm Capital to Acquire Private Credit Shop, Annuity Provider
The firm’s purchase of Crestline Management would create a $53 billion AUM alternative investment platform.
Aon Sells Major Stake in NFP Corp. Wealth Business to Madison Dearborn
The $2.7 billion deal is expected to close in the fourth quarter of this year.
Fidelity Looks to Expand in Asset Tokenization
The firm recently listed a tokenized money market fund.