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.
Corporate Moves
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.
APG, Swiss Life Adopt STOXX Global Equity Benchmarks
The suite of indexes are designed to support modern portfolio construction and benchmarking.
ISS STOXX Acquires Index Provider Firm Scientific Beta
The acquisition will deepen the firm’s offerings in systematic, research-driven solutions.
Natixis Affiliate Flexstone Partners to Acquire $3.5B Secondaries Manager
The proposed acquisition of Boston-based Glouston Capital Partners would create a $15 billion private equity platform.
Federated Hermes Becomes Latest Manager to Introduce Tokenized Money Market Funds
The firm’s OFFXX aims to comply with the GENIUS Act.
Baillie Gifford to Launch ETF Suite in US
The actively managed exchange-traded funds will focus on emerging markets and international stocks.
Manager M&A Spree Continues as DigitalBridge Plans $1B ArcLight Acquisition
The combined entity would manage more than $150 billion in assets.
Apollo Plans Daily Pricing for Private Credit Funds
The manager with $834 billion in credit AUM seeks to provide greater transparency across its portfolio by September, according to an earnings call.
AI and the Talent Issue
Artificial intelligence has implications for early-career investment professionals.
NYC Comptroller Calls for AT&T Shareholders to Vote for Equal Opportunity Disclosure
The telecommunications giant stated that EEO-1 reports ‘do not meaningfully reflect’ its organizational structure.
October Three Acquires Broker Education Provider
Broker Educational Sales & Training content will be integrated into October Three’s Retirement Learning Center.
OCIO Fiducient Advisors Acquires Plan Consultant Axia Advisory
The retirement plan consultant brings $1.9 billion in assets to the growing firm.