Erin Arvedlund

Among Wafra's outside investors are New York State Common, Alaska Permanent, Kuwait's pension system, Canada Pension Plan and Railpen.

Ohio School Employees Retirement System committed up to $100 million to KKR Diversified Core Infrastructure Fund.

Oregon Investment Council, which manages the $98.8 billion Oregon Public Employees Retirement Fund, committed a total of $1.3 billion to alternative investment funds.

The $1 trillion Abu Dhabi Investment Authority has ramped up its use of separately-managed accounts to deploy large chunks of money across dozens of hedge funds, according to people familiar with the matter.

Federated Hermes has signed a definitive agreement to acquire an 80% stake in FCP Fund Manager, a privately held real estate investment manager.