BlackRock related stories
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Hermes hires BlackRock exec as investment managerThe UK-based firm hired Lynsey Register to analyse and recommend investment opportunities for its private equity clients. Last summer, Hermes hired Mark Nunny as investment manager on its private equity direct investment business.
- US pension agency hires Goldman, BlackRock, JPMorgan as gatekeepers
The Pension Benefit Guaranty Corporation, which guarantees the pensions of about 44 million Americans, has hired gatekeepers as it prepares to allocate a portion of its $5.5bn in assets to private equity and real estate.
- Allianz flexes muscles in New York
The German insurance firm, which is the process of building a global property investment business, has acquired a stake in a New York office on the Avenue of the Americas.
- Allianz makes another senior hire for global platform
Matthew Ryall is joining the German insurer to head up its multi-fund strategy. The appointment comes one week after Allianz unveiled Olivier Piani as its head of real estate.
- Lehigh University more than doubles private equity allocation to 15%
The $1.1bn university endowment has upped its allocation to private equity by 150 percent in an effort to diversify its holdings.
- Evercore, Stone Point seed vehicle targeting alternatives firms
HighView Investment Group, led by former BlackRock co-founder Ralph Schlosstein, has garnered $600m in commitments to target minority interests in independent alternative asset managers.
- Lehman to sell private equity, real estate operations
Announcing plans to save the investment bank from collapse, Lehman Brothers has confirmed speculation it will sell a majority stake in its investment management unit, which includes Lehman Brothers Merchant Banking, Lehman Brothers Real Estate and groups managing venture capital, infrastructure, credit and funds of funds.
- Report: Lehman shops $10bn alternatives arm to buyout groups
Carlyle, General Atlantic, Hellman & Friedman and Blackstone have been reported as potential buyers of Lehman Brothers divisions including its private equity arm, as the beleaguered investment bank looks to shore up its balance sheet.
- Illinois Teachers’ commits €50m to Oaktree
The $38.4bn retirement system has approved a commitment to the distressed debt specialist as well as a tactical plan for re-evaluating its real estate strategy.
- Merrill reshuffles financial sponsors group
Following a strong half year for the banking giant’s private equity advisory arm, Merrill Lynch has made a series of internal promotions, including Jeff Kaplan’s elevation to global head.