Andrew Hedlund
The fund’s commercial focus differs from its predecessors, which targeted an array of assets.
More private fund managers that oversee closed-end funds are selling portions of their firm to finance product growth, succession or larger GP commitments.
The alternative asset management behemoth has exceeded its fundraising goal by almost $450m.
The appointment, which includes oversight over real estate debt, comes as part of a broader swath of changes in senior management.
The investment platform includes three strategy-specific funds and a flagship vehicle that would deploy capital across all strategies, including real estate.
This LP profile made almost 950 commitments to various private vehicles last year.
The New York-based credit investment behemoth’s European Principal Finance Fund III has raised more than $4bn.
Two of the storied firm’s founders say the promotions are ‘about the future’ and making sure the firm can serve its investors ‘for decades to come.'
The chief investment officer for the US’s largest pension fund emphasized long-term performance over short-term results on Friday media call.
.jpg?id=12885345439 "Texas TRS interim CIO appointed permanently to post")
Texas TRS interim CIO appointed permanently to post 2017-07-13 Andrew Hedlund The Teacher Retirement System of Texas has promoted within its ranks to replace departed chief investment officer Britt Harris, PERE 's sister publication, Private Debt Investor , reported Thursday. The Austin, Te