Charlotte D'Souza

The Southern Europe-focused manager took just five months to reach a final close for the fund, well below the European average.

Founder Keith Breslauer says most US investors were not interested in pursuing distress in Europe, perceiving a greater opportunity at home.

The US firm is aiming to hold a final close this summer for the globally focused vehicle, which would be its largest closed-end fund yet.

The addition of Cromwell Europe will double Stoneweg’s AUM and expand its wheelhouse into multiple new markets, says founder Jaume Sabater.

Andrew Allen was appointed global chief investment officer at the London-based manager following Kiran Patel’s retirement last month.

Some managers and investors are shedding assets and business lines to stay competitive, contesting the deep-rooted hypothesis that with scale comes success.

In a tough fundraising market, the largest managers are increasingly utilizing co-investment vehicles and separate accounts to stay competitive.

With the country set to elect a new governing party for the first time in 14 years, industry executives consider the implications.

Through a third investment in Bulk Infrastructure, the New York-based firm looks to meet demand for AI-ready data centers, says its co-CEO.

Mathieu Elshout, formerly head of sustainability and impact investing at Patrizia, will join the Australian superannuation fund in London.