London Pension CEO, Focus Financial's New Hub, Private Equity Investment Plans, Wellington's First Interval Fund.

In this episode of the Dakota Fundraising News Podcast, Pat and Konch cover BlackRock’s plan to convert its $940M Municipal Income Fund into an unlisted interval fund and key leadership updates, including Jo Donnelly taking over as CEO of the London Pensions Fund Authority and Paul Justin joining Sovran Advisors as CEO. RIA/FA M&A highlights include Focus Financial adding Toronto-based Cardinal Point as its fifth hub, LPL recruiting a $280M advisor from D.A. Davidson, and Indivisible Partners launching with a $640M Merrill Lynch team. Institutional coverage features new searches by Taunton Contributory Retirement System and Public Employees' Retirement System of Mississippi, as well as Contra Costa County’s $510M private equity pacing plan. Recent commitments include Los Angeles County Employees’ Retirement Association’s $775M to Centerbridge Partners and Los Angeles Fire & Police’s $50M to Linden Capital Partners VI. Fundraising updates spotlight IFM Investors’ new $376.8M private equity fund, Wellington Management launching its first interval fund, and Chicago Pacific Founders targeting a fourth fund after raising $847.5M for its previous vehicle. Stay tuned for more insights from the world of institutional and intermediary fundraising.