Canada Launches Sovereign Fund; INPRS Commits $2B+ to Alts
Canadian Prime Minister Mark Carney announced the creation of Canada Strong Fund, the country's first national sovereign wealth fund, seeded with an initial federal contribution of CAD 25B ($18.4B) over three years. The fund will co-invest alongside private sector and international partners in Canadian energy, infrastructure, mining, agriculture, and technology projects.
On the allocator side, the Indiana Public Retirement System adopted a revised strategic asset allocation effective July 1 adding a standalone 5% private credit allocation, setting private real assets at 10%, and reducing risk parity from 20% to 15%. INPRS also disclosed over $2B in new commitments between February and March, concentrated in private credit and private equity. The City of Knoxville Pension Board adopted a revised SAA introducing a new standalone 7.5% global infrastructure allocation, and the Boston Retirement System authorized a search for private debt managers targeting approximately $115M across direct lending, credit opportunity and distressed strategies.
Elsewhere, the Teachers' Retirement System of Oklahoma voted to retain Aon as its general investment consultant while hiring Meketa as a dedicated private markets consultant – the first time the $27.4B pension has split the two roles – with both contracts beginning July 1.
In GP fundraising, Emerald Lake Capital Partnersclosed at a revised $825M hard cap against an original $500M target, Allianz Global Investors marked the first close of Allianz Asia Pacific Infrastructure Credit Fund at $270M, and Domain Capital Grouplaunched a sports credit strategy targeting player transfer and broadcast receivables in European football leagues.
Investments & Searches
CIO Turnover Is Creating a Window in the Endowment Market
Endowment portfolios don’t change often.
But when leadership does, everything gets reviewed.
Dakota has tracked a wave of CIO transitions across the endowment landscape — each triggering a 12–18 month window where manager relationships are reassessed and new allocations are considered.
For investment firms, these moments matter.
They represent one of the few times established portfolios are open to change.
Dakota’s latest report maps these transitions alongside broader trends in allocation, governance, and portfolio construction.
Because in institutional fundraising, timing can matter as much as access.
Private Fund Updates
Private Equity
Venture Capital
Private Credit
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The Next Sports Investments Aren’t Always Obvious
Some of the most interesting opportunities in sports weren’t designed as investments.
They started as games people played for fun.
Pickleball. Flag football. Padel.
Today, those same sports are attracting institutional capital, with leagues forming, investors building platforms, and participation translating into revenue models.
Dakota’s latest Sports Investing report takes a closer look at this shift — how recreational sports are becoming investable, and what it means for investors looking beyond traditional franchises.
Because in this market, the edge often comes from seeing what others overlook.