Track recorded fund announcements, transactions, leadership appointments and strategic developments from DataBane's published research.
Computershare announced completion of its acquisition of Wells Fargo Corporate Trust Services. Approximately 2,000 employees transferred. SEC disclosure confirms November 1 legal closing but explains that certain contractual roles transferred in stages, with Computershare serving as Wells Fargo’s agent in the interim. The original announced purchase price was USD 750 million.
Allspring Global Investments began independent operations after GTCR and Reverence Capital Partners completed their acquisition of Wells Fargo Asset Management. Wells Fargo retained a passive 9.9% stake at the time. The release separately said the collective investment trust business transfer was expected in the second quarter of 2022. Allspring’s client assets are not current Wells Fargo group AUM.
The Investment Management Corporation of Ontario announced a US$500 million customized private direct lending investment managed by Antares Capital LP, following a competitive manager selection process. IMCO said this platform would underpin the direct lending component of its Global Credit strategy, financing sponsor-backed middle-market borrowers in the United States and Canada. The institution targeted diversification across 75 to 100 issuers, industries and private equity sponsors. At the time, Antares described US$42.9 billion of capital under management and administration as of June 30, 2021, which is not equivalent to verified group total AUM. The announcement identified a bespoke managed investment program rather than a subscription to a specifically named Antares fund.
TIFIN announced $47 million raised in Series C with Hamilton Lane as one of its financial-technology strategic investors. The total round size was not solely attributable to Hamilton Lane.
The African Development Bank’s Board of Directors has officially approved a $75 million commercial loan to the Ghana Infrastructure Investment Fund for its portfolio expansion. The capital injection will allow GIIF to scale its investments in crucial national infrastructure projects across Ghana. This financing serves as a major validation of the fund's investment framework by a leading multilateral lender.
Schroders announced that it would acquire River and Mercantile's Solutions business for approximately £230m, adding capabilities in fiduciary management, advisory and derivatives and approximately £42bn of assets at the signing date.
Paul Schroder has been CEO since 01 October 2021, responsible for leadership and strategic development of AustralianSuper. He joined the Fund in 2007 and previously held senior roles including Group Executive Membership, Product/Brand/Reputation and Chief Risk Officer.
SLF V and parallel vehicles raised approximately USD11.7 billion of equity capital and USD15.4 billion of investable capital. By the close announcement, the vehicles had deployed approximately USD9.1 billion across 58 investments.
Principal announced completion of the Wells Fargo Institutional Retirement business integration, with client onboarding completed in waves through June 2021. The release separately described a broader Institutional Retirement and Trust transition timetable through March 2022, during which Wells Fargo continued recordkeeping, trustee or custody services. Retirement-platform integration did not establish that every trust role transferred on the same date. The acquisition originally closed July 1, 2019.
Solarisbank announced a EUR 190 million Series D financing led by Decisive Capital Management, with Pathway among the participating growth investors. The disclosed amount covers the entire funding round; Pathway’s individual investment was not disclosed. The announcement stated that the funding round remained subject to regulatory approval.
Alecta committed USD 100 million to the Financing for Healthier Lives emerging-markets social bond, structured with responsAbility and arranged by Danske Bank. Sweden's development agency Sida guaranteed first-loss exposure of up to 25%. The instrument finances healthcare, inclusion and related sustainable projects; it is a bond, not a private fund vehicle.
TD’s second-quarter 2021 results disclosed approximately CAD 1.5 billion consideration for the Wells Fargo Canadian Direct Equipment Finance business acquired May 1. The acquired business had approximately CAD 1.4 billion net book value. These are separate approximate measures. The report specifies Canadian dollars unless otherwise indicated; no USD conversion or exact purchase-price amount is inferred.
The CPP Fund reported net assets of C$497.2 billion for the fiscal year ended March 31, 2021, according to the official CPP Investments results release. This is a CPP Fund net-asset metric and must not be silently recast as the manager's total group AUM.
TD announced that its acquisition of Wells Fargo’s Canadian Direct Equipment Finance business completed May 1, 2021. The release was published May 3. The transaction expanded TD’s Canadian equipment-financing business and followed the January 14 agreement.
BlackRock announced the US$4.8 billion final close of Global Renewable Power Fund III, with commitments from more than 100 institutional investors across over 18 countries. The fund targets renewable generation and supporting climate infrastructure across the Americas, Europe and Asia, including storage, distribution and electrified transport. The release identifies predecessor GRP I and GRP II as 2012 and 2016 vintages, respectively.
Hamilton Lane Advisors completed the acquisition of substantially all 361 Capital assets for $13.096 million in aggregate contractual consideration. Effective acquisition date was April 1, 2021, rather than the January announcement date.
Russell Investments and Hamilton Lane announced a strategic private-markets partnership. Hamilton Lane Advisors had invested $90 million for a small minority stake under an agreement dated March 29, 2021. Russell was not wholly acquired by Hamilton Lane.
Kirkland & Ellis confirmed Oaktree's final closing of Real Estate Opportunities Fund VIII and related vehicles at approximately $4.7 billion, above its $3.5 billion original target. Investors included institutions across five continents. The vehicle pursued opportunistic real estate investments and credit dislocations.
Wells Fargo agreed to sell its Corporate Trust Services business to Computershare for an announced USD 750 million. The business provides trust and agency services for debt securities. Wells Fargo Securities advised the seller. Computershare expected approximately 2,000 employees to transfer with the business.
In an announcement dated February 25, 2021, Focus Financial Partners reported pricing a secondary offering of 7,000,000 Class A shares. SPC Capital Markets LLC acted as one of the joint book-running managers. Selling shareholders included Stone Point Capital and KKR affiliates. The corporate webpage is dated February 26. This underwriting role does not establish SPCM ownership of Focus.
Aflac Global Investments announced a strategic partnership with Sound Point Capital Management with an initial $1.5 billion real-estate financing allocation, including approximately $500 million for Opportunity Zone investments. A proposed 9.9% minority holding was subject to closing and regulatory conditions.
Wells Fargo agreed to sell Wells Fargo Asset Management to GTCR and Reverence Capital Partners for USD 2.1 billion. The original transaction scope included Wells Fargo’s collective investment trust business. Wells Fargo planned to retain a 9.9% ownership interest and continue a distribution relationship. Wells Fargo Securities advised the seller.
TD and Wells Fargo announced an agreement for TD to acquire Wells Fargo’s Canadian Direct Equipment Finance business. The business had approximately CAD 1.5 billion in assets; that was a portfolio balance, not disclosed purchase consideration. Wells Fargo retained other Canadian asset-based lending and distribution-finance activities. Wells Fargo Securities advised the seller.
Reinsurance Group of America announced a £5 billion longevity swap with the UKRF Trustee. The transaction closed on 11 December 2020 and was designed to protect the pension fund from unexpected increases in pensioners' life expectancy. The £5 billion figure describes the longevity swap, not an equity investment or a fund commitment.
Alecta disclosed three US healthcare and life-sciences real estate investments totalling USD 780 million: USD 230 million to a Kayne Anderson/Remedy and Physicians Realty JV in late 2019; USD 250 million to the KACORE co-investment in June 2020; and USD 300 million to the Blackstone/BioMed Realty open-ended fund on 6 November 2020. These are distinct vehicles and must not be counted as three LP fund commitments.
Aflac and Trupanion announced a commercial distribution agreement and Aflac's approximately $200 million equity investment, approximately 9% of Trupanion shares at the time. The stake and percentage are historical.
Wells Fargo agreed to sell its alternative-investment feeder platform to iCapital and make a strategic investment in the company. Terms were undisclosed. The announcement expected closing in the second half of 2020; iCapital’s corporate history subsequently records the acquisition in 2020.
The CPP Fund reported net assets of C$409.6 billion for the fiscal year ended March 31, 2020, according to the official CPP Investments results release. This is a CPP Fund net-asset metric and must not be silently recast as the manager's total group AUM.
Aflac Global Investments announced plans to acquire a minority stake in direct lender Varagon Capital Partners and committed to invest up to $3 billion in middle-market loans over multiple years. The mandate ceiling is not the acquisition purchase price.
Schroders completed the acquisition of a majority stake in Swiss impact investment manager BlueOrchard, a landmark expansion into emerging-market impact and private debt investment management. Transaction financial terms were not disclosed in the closing announcement.
