The plan hired two firms to fill a new allocation to the asset class.
The plan hired a new active domestic small- to mid-cap value equity manager after its incumbent closed shop.
The deal would bring the investment management units of both firms together, creating a roughly $115 billion firm.
Firm today announced the final close of Diameter Dislocation Fund II at the hard cap with $2.2 billion of capital commitments.
Tony Lee joins Leading Edge Investment advisors after departing fellow San Francisco-based emerging manager-of-managers Bivium Capital Partners last quarter.
BlackRock’s former head of U.S. real estate private equity will lead the expansion of Buckingham’s institutional fund management platform.
Firm filled the newly created position with a former Northern Trust employee.
Middle market private companies experienced year-over-year earnings and revenue growth of 11% each during January and February, according to a report from Golub Capital.
Plan intends to issue an RFP to seven to 10 firms in June after narrowing the universe to 15 potential candidates through screening.