Industry News
The firm recently hired a head of private market client solutions to optimize the role of private market investments in client portfolio as well as a director in its member strategy group to manage and maintain relationships with current and prospective clients.
The Western-based firm closed its inaugural fund, which invests in early-stage climate tech companies, with approximately $90 million in total commitments, above its $50 million target.
The senior managing director joins the firm from Ares Management, where he served as a partner.
The fund aims to provide investors access to a global, diversified portfolio of direct co-investments in buyout, growth equity and other private markets transactions.
The acquisition increases Westwood’s total assets under management by 33% to $16.3 billion.
The plan has “small exposure” to FTX across two of its venture capital managers.
The plan will welcome back a familiar face to serve as interim cio but will lose an investment officer to the private sector at the end of the month.
The college savings program is searching for a new executive director as its previous head left the role earlier this month to join a municipal financial advisory firm.
The managing director is responsible for the firm’s acquisitions activity in the central U.S. market.