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.
Corporate Moves
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.
Insurance AUM Has Tripled in Past Decade, Reaching $4.5T Last Year
Insurers are increasingly allocating to alternative investments, with private asset AUM growing to $800 billion from $50 billion since 2015, according to a report from Clearwater Analytics.
Neuberger Berman, PIF to Deploy $6B in Saudi Investments
The duo will launch a multi-asset program to support the growth of the asset management industry in Saudi Arabia.
Temasek, T. Rowe Price Among Investors in Benefits Provider, Broker Hub International
The equity investment values the private equity-backed firm at $29 billion.
OCIO Provider Brown Advisory Expands to Abu Dhabi
The firm named Jack Weatherby as head of Middle East as part of a regional expansion.
Proposals Against ESG, DEI Set to Increase This Proxy Season
ISS-Corporate research projected how shareholder engagement is likely to change this year.