Corporate Moves
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.
News
Corporate Moves
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.
Newsmakers
Scherman Foundation Taps Commonfund for New CEO
George Suttles will succeed the retiring Mike Pratt at the foundation.
Corporate Moves
APG, Swiss Life Adopt STOXX Global Equity Benchmarks
The suite of indexes are designed to support modern portfolio construction and benchmarking.
Opinion
Private Markets Don’t Need More Data; They Need Data That Connect
Standardized information to compare fund and manager performance across cohorts and to reconcile exposure, risk and valuation across portfolio holdings, writes a Bloomberg executive.
Pensions
Fiscal 2026 Set to Be Another Strong Year for Pension Fund Performance
Equity-heavy portfolios are already producing double-digit growth for some funds.
Regulation
DOL Backs Bristol-Myers in PRT Appeal
The department joins business groups, insurers and states in warning that litigation threatens the pension risk transfer system.
Asset Allocation
Taiwan’s Bureau of Labor Funds Allocates $3B in Climate Transition Mandate
Five managers from around the world were selected to run equal parts of the passive infrastructure investment.
Newsmakers
Deborah Wardle Named International CIO at Mercer
The 16-year veteran of the company was promoted after overseeing investment teams across Europe, the Middle East, Africa and Asia.
Pensions
Dallas Pension Fund Seeks Deputy CIO
The $4 billion Employees’ Retirement Fund of the City of Dallas seeks applications by August 24.
Newsmakers
Norfund Appoints Mark Davis as Inaugural CIO
The Norwegian investment fund for developing markets promoted its executive vice president for renewable energy to the top investor role.
Australia’s Legalsuper Appoints HESTA Executive as CEO, Names New CIO
The leaders will join the specialist fund in August and October, respectively.
Asset Allocation
Brookfield, CPP Investments Partner On $5.2B Take-Private Deal
The asset manager and the Canadian pension fund will acquire warehouse and logistics company LXP in an all-cash transaction.
Asset Allocation
Institutional Investors Regain Interest in Commercial Real Estate
A CRE rebound is driving institutional capital back into the asset class, including office space.
Newsmakers
Singapore’s GIC Reshuffles Investment Leadership
The sovereign wealth fund promoted two CIOs into roles as deputy group CIOs.