A Midwestern pension plan has invested directly in two domestic fixed-income emerging managers while formally terminating its relationship with manager-of-managers Progress Investment Management Company.
Pictet Alternative Advisors SA (PAA), the Pictet Group’s wholly-owned alternative investment firm, has closed its first direct real estate fund, Elevation I, at its hard cap of €700 million.
CMC Capital Partners announced today that it has recently raised more than $950 million in commitments for its third US dollar private equity fund, CMC Capital Partners III, well surpassing its original target fund size.