Dunes Point Targets $1.3B for Fund IV, OCERS Maps up to $325M in RE Pacing
Dunes Point Capital is back in market with a larger flagship target, seeking $1.3B for Fund IV after raising $800M for its oversubscribed prior vehicle in 2024. Vermont pension materials show the mid-market industrials and business services manager has already made one investment from the new fund, with $87M deployed in May 2025.
In other fundraising updates, Greystar is nearing a final close of roughly €2.2B for its second Europe value-add residential fund, above its €1.8B target. Overmatch Ventures closed its second fund oversubscribed on $250M, more than tripling its debut pool, to keep backing early-stage deep tech, defense, and space companies. ParaFi added $125M in March for a new venture fund and another $325M this year for existing digital asset strategies, pushing firmwide AUM to about $2B.
Allocator activity was concrete across both commitments and searches. OCERS outlined $200M to $325M of 2026 real estate pacing, split between core and non-core, and also disclosed $541M of commitments across 13 funds. Dallas Police & Fire set 2026 pacing of $83M for private equity and $37M for private credit, while approving $35M to Blackstone Strategic Partners X and up to $15M to Lexington Continuation Vehicle Investors; separately, New York State Deferred Compensation Board launched a search for a manager on its $7.2B target date fund mandate, with proposals due May 4 and a selection expected in August.
Elsewhere, CIC is reportedly revisiting US manager relationships, holding discussions with firms including Blackstone and TPG after previously reducing exposure and selling about $1B of US private equity fund stakes.
In people news, InspereX added distribution hires across its RIA and private markets channels, bringing on Andrew McCall and Vincent Calvanese.
Fundraising Isn’t Getting Easier
Institutional allocators are busier.
Competition for meetings is higher.
And the number of funds chasing capital keeps growing.
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TAMPs Have Become the Gatekeepers of RIA Distribution
If your fund isn't on the right TAMP platforms, most RIAs will never see it.
Nearly half of advisors now allocate through centralized model portfolios rather than selecting individual funds. That means distribution increasingly runs through a handful of gatekeepers — Envestnet, Orion, AssetMark, and a few others managing trillions in platform assets. If your strategy isn't approved and embedded, you're not in the conversation.
Dakota's TAMP Insights Report maps the full landscape — platform scale, key trends, M&A activity, and where distribution is consolidating — so investment managers can prioritize the right relationships before they fall behind.
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Sports Has Become an Asset Class. Are You Fluent?
Everyone at the table is talking about sports. Not everyone knows what they're talking about.
Apollo. Carlyle. CVC. The names showing up in sports investing are no longer novelties — they're your peers and your competition. When sports comes up in an LP meeting, a pitch, or a board conversation, fluency isn't optional anymore.
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