Industry News
The firm added an executive director to its distribution and client services team this month.
Private markets practitioners have built an array of products that give a broader range of investors access to private assets. The next step is to make sure those products are understood, implemented, and governed by and for the entire investment ecosystem, says Adele Kohler, managing director of the Americas for the CAIA Association.
The new appointments will advance strategic growth and platform innovation.
PGIM initially acquired a 75% stake in Deerpath Capital Management three years ago.
The director had been with Allianz Global Investors for 10 years.
The retirement system also appointed a new operations officer today.
The foundation has appointed its next president and ceo as its current head is retiring after 17 years in the role and three decades of service at the organization.
The newly created role includes overseeing global sales, client engagement and marketing across the U.S., Europe and APAC.
LLCP Lower Middle Market IV closes with $2 billion in total capital commitments, surpassing its $1.7 billion target and closing at its hard cap.
The combined closings bring Francisco Partners’ total capital raised to more than $75 billion.
