The Swiss manager plans to address its mature evergreen offerings over the next 12-18 months, while maintaining liquidity limitations in the coming quarters.
The firm is developing products for retirement and mass affluent investors as wealth AUM soars 41% YoY to $82 billion.
The firm reported a 14% QoQ increase in private wealth inflows, supported by growth across its evergreen funds and easing redemption pressure in its credit and real estate vehicles.
CFO Kirill Bouek's resignation follows the departure of the non-traded BDC's President, Raymond Barrios, in August.
The transaction creates a $2.6 trillion manager spanning public and private markets, including secondaries and semi-liquid investment platforms.
The deal brings Bow River's $1.3 billion fund onto Apogem's platform alongside its GP-led, LP secondary, and GP stakes businesses.
Patrick Wolfe has resigned as COO of BlackRock Private Credit Fund, BlackRock Direct Lending Corp., and BlackRock TCP Capital Corp., weeks after CEO Philip Tseng left the same three funds.
Deutsche Bank's asset management arm is also moving to liquidate and dissolve its US-focused non-traded REIT, RREEF Property Trust.
We review CVC's H1 report, fundraising efforts, and performance across its secondaries and wealth channel products.
We review CVC's Q1 investment activity, fundraising efforts, and performance across its secondaries and wealth channel products.
