Industry News
The first private equity initiative of Ariel Investments will leverage $1.45 billion commitments.
The fund exceeded its $600 million hard cap with commitments from new and existing investors.
The plan has appointed two executive v.p.s to replace employees who will depart in the coming months.
The firm promoted its cio to president and cio at the beginning of the year after more than eight years as investment head.
New cfo will lead the foundation’s financial function and help oversee its investment portfolio after its previous finance head left last summer to start their own business consultancy firm.
Firm has completed fundraising for its eighth special opportunities fund.
Radcliffe Capital Management has hired Peter Duffy as its director of investments.
He has been with the firm for 11 years and most recently served as head of education savings.
Brooke Wilson has been promoted to executive director of performance reporting for the firm.