Manulife to Acquire 75% of Private Credit Shop for $937.5M
Comvest Credit Partners manages $14.7 billion in assets and would be merged with Manulife’s existing credit platform.
Corporate Moves
PGIM AUM Grows to $1.4T, Driven by Market Appreciation
In its earnings report for the year’s second quarter, Prudential also reported a slowdown in pension risk transfer mega-deals.
Brookfield Moves Into Annuities by Acquiring Just Group
The asset manager’s wealth solutions arm announced it will acquire the defined benefit insurer for $3.17 billion.
Wilshire Acquires Analytics Firm ParkLexington
The data and analytics firm focuses on improving the profitability and performance of investment managers.
Man Group to Bolster Private Credit With Acquisition of Bardin Hill
The London-based asset firm announced it entered into an agreement to acquire the $3 billion manager.
Legal & General to Form Credit Partnership With Blackstone
The insurer’s annuity and asset management businesses will tap the alternatives giant for private credit offerings.
Intentional Endowments Network Launches Responsible Tech, AI Initiative
With support from Omidyar Network, IEN plans to engage asset owners, managers and others in driving an ethical and transparent technology ecosystem.
Aquiline Closes Acquisition of SEI Family Office Services Unit
The business has been rebranded as Archway, effective June 30.
Apollo-, Athene-Backed Athora to Acquire PRT Provider Pension Insurance Corp.
The $7.78 billion acquisition of the U.K.-based defined benefit insurer will create a group with $158 billion in assets.
Ex-GIC Tech Boss Launches Inaugural VC Fund
Jeremy Kranz’s Sentinel Global has raised $213.5 million in committed capital.
Brown Advisory to Acquire Marylebone Partners in International Push
The acquisition of the London-based investment manager will allow Brown to offer endowment-style investments to global clients.
BlackRock Aims for $400B in Private Market Fundraising by 2030
The manager wants to expand its alternative investment offerings to wealth managers and aims to be the world’s largest cryptocurrency asset manager.
Kuwait Investment Authority Joins AI Infra Partnership With BlackRock, Microsoft
The firms, along with MGX, plan to mobilize $100 billion to scale data centers.
Franklin Templeton to Acquire Private Credit Manager Apera
The $5.7 billion firm will focus on direct lending in the European lower-middle market.
Mercer, Mizuho Will Partner on OCIO Offerings in Japan
Under the bank’s Asset Management One subsidiary, the duo will offer outsourced CIO services to institutional clients.