The Fund, which targets distressed, repositioning, and selective development opportunities, was oversubscribed with approximately $1.7 billion of commitments compared to its $1.5 billion target.

The promotions took effect on March 31.

A new report makes the case for investments that consider impact first and financial return second. But critics say such investments are mainly for the wealthy.

Banks were eager to do business with Bill Hwang and his Archegos Capital Management — until he ran out of money.

An Ohio city is searching for a firm to manage $200 million in assets from its general portfolio.

Their responsibilities will be assumed by other managers.