Author Archives: danielenskat

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AXA IM buys private equity firm W Capital Management to strengthen private markets

AXA IM this week announced the acquisition of W Capital Management, a US based private equity firm focusing on GP-led and direct secondary investments. It will sit within AXA IM Prime, the firm‘s fully integrated provider of investment solutions across … Continue reading

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GSAM‘s Petershill buys stake in private credit firm Kennedy Lewis

Every asset manager it seems wants to get a piece of private credit these days, either by acquisition, minority stake or team liftout. Petershill Partners, Goldman‘s private equity firm this week bought some 20% of Kennedy Lewis from Azimut (which … Continue reading

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300B RIA Creative Planning Acquires ML&R Wealth Management

Creative Planning with $300 billion in assets under management and advisors in all 50 states and 90 countries is a behemoth of the RIA world… and it keeps scooping up smaller players. On April 2, 2024 Creative Planning CEO Peter … Continue reading

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$18B RIA Sequoia Financial Acquires AltruVista to add wealth management for entrepreneurs

The fast growing US RIA market continues to consolidate, as larger RIAs scoop up smaller ones to add geographical footprint and additional services and client segments. Yesterday Akron based Sequoia Financial Group announced the acquisition of AltruVista in Houston. Sequoia … Continue reading

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Manulife IM completes acquisition of multi-sector alt credit manager CQS

Manulife Investment Management, the wealth and asset manager for Manulife Financial Corporation, today completed the acquisition of CQS with the approval by the UK FCA and is launching Manulife | CQS Investment Management as a wholly owned multi-sector alternative credit … Continue reading

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Blue Owl buys Kuvare to compete for insurance business

Private markets firms that do not have insurance parents have been looking to get into third-party insurance assets either through hiring key talent or… via acquisition. Blue Owl has bought Kuvare Insurance Services (dba Kuvare Asset Management) for $750 million … Continue reading

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How not to lift out: Barings, Corinthia

We have seen it time and again since pioneering asset management liftouts 55 years ago… and it seems everything you should NOT DO was done in the current Barings/Corinthia private credit debacle. Adhere to contractual stipulations and act ethically and … Continue reading

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McKinsey Discusses North American Asset Management AUM and Challenges Ahead

McKinsey in its latest industry study, “Beyond the Rubicon: Asset Managment in an era of unrelenting change”, discusses structural transitions, macroeconomics, and further growth ahead. Read the full study McKinsey: Beyond the Rubicon. The 34-page report discusses five strategic questions: … Continue reading

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Wells Fargo Investigation into Bias against Women

Wells Fargo for the last few months investigated a gender bias against senior female leaders in its wealth management unit. After interviewing dozens of women including internal town halls, the investigation was closed. Within asset and wealth management at large, … Continue reading

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WEF Future of Jobs Report 2018… is your job safe from AI?

The World Economic Forum just published a 175 page report on the future of jobs (a follow-up from the original 2016 report: Future of Jobs – Employment, Skills, and Workforce Strategy for the 4th Industrial Revolution). Turns out, the future … Continue reading

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