Legal & General to Sell 20% Stake in PRT Business to Meiji Yasuda
In addition to the pension risk transfer stake, the Japanese insurer will acquire all of L&G’s U.S. protection business in a total $2.3 billion deal.
Corporate Moves
Vanguard Announces Fee Reductions Across 108 ETFs
According to the firm, the reduction is its largest fee cut to date.
Saudi Arabia’s SWF Seeds State Street Bond ETF With $200M
The exchange-traded fund tracks the performance of the J.P. Morgan Saudi Arabia Aggregate Index.
BPCE, Generali to Combine Asset Management Operations, Form $1.98T European Investment Giant
The combined firm would become the world’s largest insurance manager, with more than half of managed assets coming from pension and insurance clients.
Apollo Global Management Bolsters Infrastructure Portfolio
The $733 billion asset manager has signed three infrastructure deals in the first two weeks of 2025, including its recent acquisition of Argo Infrastructure.
Net Zero Asset Managers Initiative Pauses Activities Following BlackRock Exit
The NZAM suspended activities and removed an online signatory list while reviewing how the organization fits into a ‘new global context.’
BlackRock Exits Net Zero Asset Managers Initiative
The $11.5 trillion asset manager leaves amidst an ongoing pushback against ESG investing.
Northwestern Mutual to Take Stake in Sixth Street, Form Investment Partnership
The alternative asset manager will manage $13 billion of the insurer’s assets in private credit strategies.
Northern Trust Signs Deal in Singapore to Work On Tokenizing Green Assets
The agreement with the National University of Singapore aims to support sustainable investing and blockchain technology.
BlackRock More Than Doubles Private Credit Business With HPS Investment Partners Acquisition
The deal to purchase the private credit manager for $12 billion will see BlackRock’s credit assets grow by $148 billion.
Wall Street Year-End Bonuses Set to Jump for 1st Time Since 2021
Across roles, most finance professionals will see huge compensation increases this year, per a survey from Johnson Associates.
Global PSSL Establishes Asset Owners Council
The organization aims to promote sustainability, transparency and governance in securities lending.
Arctos Partners in Talks to Buy Stake in NFL’s Buffalo Bills
The sports investor was one of several private equity firms approved earlier this year to buy a stake in a National Football League franchise.
Private Equity Investment in Insurance Surges, While Global Deals Decline in Value
Private investments in insurance are on pace to end the year with their highest total in more than a decade.
Hightower to Take Majority Interest in Investment Consultant and OCIO Provider NEPC
The acquisition would create a parent company with $1.8 trillion in assets under administration.