Industry News
Mesirow has acquired asset-backed specialty finance lender Bastion Management.
The interim executive director’s appointment is slated to go into effect on Jan. 20.
The position will report to Deputy CIO of Private Markets Allen Waldrop.
The plan launched a search over the summer for the position after the retirement of Kanoe Margol.
Several prominent foundations and endowments changed investment heads over the course of 2024.
Investment consulting and advisory firms that cater to endowments, foundations and health systems experienced further consolidation in 2024, as many merged or were acquired while others opened shop or shuttered.
The acquisition will see MetLife Investment Management’s assets under management increase to more than $700 billion.
She has been with the consulting firm for the past 14 years in what has been a total of 35 years in the industry.
The fund was raised within four months of its launch.
The new managing directors join from Western Asset Management and Thornburg Investment Management, respectively.