Industry News
Higher education institutions and their athletic departments are looking to private equity to help fund new athlete revenue-sharing models and facility costs driven by mounting financial pressures from the recent House v. NCAA settlement.
The firm raised approximately $1.8 billion across multiple funds.
The fundraise includes the successful close of Global Secondary Fund 8.
The third fund was closed through a managed transaction.
The strategy is KKR’s largest infrastructure fund raised to date.
The plan named its next executive director from within its executive staff.
The position will help oversee the retirement system’s more than $3.5 billion diversifying and fixed-income portfolio.
The plan’s former deputy cio recently moved into the cio seat.
Sean Ruhmann has joined Intercontinental Real Estate Corporation as coo, with the expectation of growing into the president role over time.
The associate will support the firm’s private markets investment platform.
