Adviser use of alternative investments increases, study shows by Released | Jun 13, 2024 Despite historical limitations to access alternative investment vehicles and their known liquidity challenges within the private sector, asset managers and advisers are expanding alternative offerings through new products and platform access to drive adoption, according to the latest Cogent Syndicated Trends in Alternative Investments report from Escalent.
Anduin launches Investor Data Management platform by Released | Jun 13, 2024 Anduin has launched Investor Data Management (IDM), a platform that enables fund managers to supercharge their investor workflows through the better management and operationalization of their data. This new solution allows funds to streamline processes by leveraging their existing data stores, eliminating the need to repeatedly request the same information and documents from LPs.
NFL No.1 pick Caleb Williams launches investment firm, 888 Midas by Released | Jun 13, 2024 Caleb Williams, the first player selected in the 2024 National Football League draft by the Chicago Bears, today announced the formation of 888 Midas, a new partnership that seeks to associate with and capitalize on select alternative investments in private equity, venture capital and real estate.
Fidelity and Envestnet expand relationship to deliver unified wealth and advisory platform by Released | Jun 13, 2024 Fidelity Investments and Envestnet have announced the expansion of their 20-plus year relationship to deliver a comprehensive wealth and advisory solution that builds on the success of Fidelity Managed Account Xchange (FMAX), Fidelity’s wealth management platform, and the firms’ long-standing collaboration that has grown to more than $500 billion across managed accounts.
Thompson Thrift closes multifamily development fund, raising more than $250m by Andrea Zander | Jun 13, 2024 Thompson Thrift has closed its latest multifamily development fund. The fund, which successfully raised more than $250 million in equity commitments, will fund Thompson Thrift's development, construction and management of class A multifamily communities. The 2024 fund marks the sixth fund offered by the company.
CrowdStreet appoints new CEO by Released | Jun 12, 2024 CrowdStreet, a leading platform for online commercial real estate investments, has announce the appointment of John Imbriglia as its new chief executive officer, effective July 15. He will succeed interim CEO Jack Chandler, who will remain on CrowdStreet’s board of directors.
Cetera appoints Jerry Patterson head of Advanced Wealth Solutions by Released | Jun 12, 2024 Cetera Financial Group, the premier financial advisor Wealth Hub, announced today that it has appointed Jerry Patterson head of Advanced Wealth Solutions. In this role, he is responsible for building Cetera’s retirement, life insurance and annuity offerings to help advisors provide financial security to their clients. He will lead both the Insurance, and Workplace and Retirement Solutions groups at Cetera and oversee the design, development, and management of insurance and retirement products that meet clients’ changing needs. He also will provide strategic leadership in defining and implementing distribution strategies to maximize market expansion and enhance distribution channel partnerships. He is based in Cetera’s Des Moines, Iowa, location.
NAV Fund Administration Group releases E-Subscription and The Data Room by Released | Jun 12, 2024 NAV Fund Administration Group, a leading provider of administrative services to alternative asset managers, has released two new technology features designed to simplify investor onboarding and enhance fund marketing programs.
Partners Group Direct Equity V closes with $15b of commitments by Released | Jun 12, 2024 Partners Group, one of the largest firms in the global private markets industry, has surpassed its target of $15 billion in client commitments for its fifth direct private equity program. The program comprises commitments to Partners Group’s fifth direct private equity fund, Partners Group Direct Equity V, and to the bespoke client solutions and open-ended funds that allocate to the same direct private equity strategy.
New paper by Phil Huber looks into GP-led secondaries by Lewis Dayton | Jun 12, 2024 A new paper by Phil Huber looks into the world of GP-led secondaries in the private equity world.