Table of Contents
Spectrum, SaaS, and Strategic Consolidation: August 2025 Tech & Software Transactions
August saw $100B+ in tech M&A, led by AT&T’s $23B spectrum deal, Thoma Bravo’s $12.3B Dayforce take-private, and a wave of private equity buyouts and strategic consolidations across SaaS and semiconductors.
Institutional Investor News
MainePERS Eyes Credit Tilt
The $21B MainePERS is considering reallocations away from equities and hard assets into income-generating credit. Targets:
Public equity down to 27.5% (from 30%)
Private equity to 10% (from 12.5%)
Real assets consolidated at 22.5% (down 2.5%)
Alternative credit up 500 bps to 15%
Public fixed income up to 17.5%, tilted to IG corporate debt
CIO James Bennett called the move a “nudge” toward liquidity, lower volatility, and opportunistic lending.
Investment Activity & Allocations
PFZW: €15B to Robeco (equities + credit) and €3.7B to Aberdeen credit.
South Carolina RSIC: $1.7B to 14 alt funds, incl. $350M to JCP Congaree Credit and Audax Anderson PD.
SWIB: $1.5B across PE, RE, and alpha; key commitments to PIMCO, Artisan, Ares, and Sixth Street.
San Joaquin CERA: $100M to Invesco U.S. Income RE fund.
West Yorkshire Pension: £50M to L&G Digital Infra Fund.
Ventura County: $40M to Sixth Street Europe Fund III.
Houston Police: $30M to Franklin Park Venture FoF.
Louisiana Firefighters: Retained NEPC as consultant.
Other Headlines
Norges Bank Drops Eramet — NBIM excluded French miner Eramet, citing environmental risks tied to its Indonesia nickel mine; divestment valued at $6.8M (as of June 30).
Australian Supers Eye $1T Abroad — Super funds set to lift offshore holdings from $812B to $2.6T by 2035, making Australia’s $3T retirement system the largest outside the US.
Presented by Canoe Intelligence
Automate. Accelerate. Allocate.
With 400+ customers across LPs, GPs, and service providers, Canoe automates data extraction and management from unstructured documents — eliminating manual entry and errors.
“Safeguarding the control environment, and driving efficient and effective processes are at the heart of our operations. We continually strive to find improvements that will help us work smarter. Canoe provides a scalable and automated solution that helps us to better collect and process unstructured investment data from multiple sources. This has been instrumental in moving the team away from being data processors to becoming data managers and spending more time on value-add activities such as analysis and forecasting.”
Wealth Channel News
OCIO Shakeout Driven by Service, Not Returns
Singapore’s $198B Wealth Hub
Singapore now hosts 1,650 family offices and a $198B wealth management market. MAS is pairing strict AML oversight with regulatory sandboxes, fueling growth in AI-driven portfolio tools, ESG strategies, and estate/tax planning. BlackRock, UBS, DBS, and OCBC are competing for UHNW families, while ESG demand grows among younger investors.
M&A and Investments
Lane Hipple Wealth ($520M AUM) merging into $42.8B Moneta Group.
LPL Financial weighing minority RIA/OSJ investment program (“equity plus”).
New RIAs
Clarity Retirement & Wealth (MA) launched by Jay Williams III.
Cadia Private Client (NJ) launched by Vincent Maffucci & M. Darius Matousek.
People & Advisor Moves
Advisor Moves
$260M Edward Jones team (FL) joins Raymond James.
$120M Morgan Stanley team (MN) joins Sanctuary Wealth.
Other
LinePoint Partners names Dan Cole CFO & head of advanced planning.
Indosuez to launch euro private markets funds for Asian clients.
Private Fund News
Netley Capital launched the industry’s first PE tertiaries fund, raising $315M of a $600M target to buy secondary fund stakes, citing liquidity demand.
Private Equity
CVC Capital forms $14B Global Sports Group, largest sports PE vehicle.
Carlyle prepping $5B portfolio finance fund.
Aurora Capital VII closes at $2.1B (firm’s largest).
Quadrille Capital raises €500M across growth, secondary, and primary funds.
Y Capital to launch debut fund Q1 2026, targeting $20–100M revenue companies in industrials, life sciences, and digital infra.
Other Private Market Activity
Private Equity: Mega Sports, Portfolio Finance, and Fresh Fund Launches
CVC Capital forms $14B Global Sports Group, largest sports PE vehicle.
Carlyle prepping $5B portfolio finance fund.
Aurora Capital VII closes at $2.1B (firm’s largest).
Quadrille Capital raises €500M across growth, secondary, and primary funds.
Y Capital to launch debut fund Q1 2026, targeting $20–100M revenue companies in industrials, life sciences, and digital infra.
Venture Capital
Private Credit
Real Assets
Holderness & Bourne
This season, trade the Patagonia vest for performance knit that moves from the trading desk to the 10th tee. Our fall collection pairs tailored polos, quilted layers, and merino sweaters — sharp enough for client lunches, comfortable enough for 18 holes.
ADVERTISE // MARKETPLACE SIGN-IN // FREE TRIAL // FAQ
925 W Lancaster Avenue Suite 220, Bryn Mawr, PA, 19010 | Email Preference Center | Unsubscribe