Daily Feed
The Northeast-based firm closed its second fund with $850 million in commitments, above its initial target, from a broad range of institutional investors.
The firm has hired a managing partner and cio to lead its discretionary and non-discretionary investment practices.
Two investment managers have partnered to launch a strategy targeting critical digital infrastructure or renewable energy assets.
An impact fund targeting local Black communities has garnered an initial $400 million investment.
The plan will add six managers to the portfolio over the next six to nine months in a restructuring that will also see staggered terminations.
The investment consultant will advise on a new venture capital program.
The commitments include two new manager relationships.
The hire concludes the plan’s search to replace Allspring Global Investments, which was terminated last year due to underperformance.
It’s TPG’s second fund focused on providing flexible capital solutions to the technology industry.