Alternatives Watch

The $48 billion Texas County & District Retirement System (TCDRS) in Austin added two credit-oriented managers and a private equity fund to its manager lineup in recent weeks. https://lnkd.in/gyrzm669

Frazier Life Sciences?has successfully closed on more than $630 million in capital commitments for its evergreen Public Fund. https://lnkd.in/gaWf85-y

Institutional investment consulting firm?Callan?welcomed Francis G. as senior private credit research consultant in the firm’s Alternative Consulting group. https://lnkd.in/gP5ySgNU

NAV lending has significant beneficial use cases beyond the headline-grabbing dividend recap trade, says Thomas Doyle, Partner and Head of NAV Financing at Pemberton Asset Management. Read it here: https://lnkd.in/gpSRNxe7 #privatecredit #NAVfinancing #NAVlending

TPG‘s dedicated climate strategy and Singapore sovereign wealth fund?GIC?have joined forces to purchase Techem Group for about €6.7 billion ($7.4 billion). The transaction, expected to close in the first half of 2025, will see Techem change hands from its previous majority owner?Partners Group?and co-investors?Caisse de dép?t et placement du Québec (CDPQ)?and?Ontario Teachers' Pension Plan. https://lnkd.in/gNMV6rWM

ORIX?appointed Dean Dulchinos to the new role of managing director and head of Real Estate Credit. Details below about this new role. https://lnkd.in/gd96aS6F

Palinuro Capital, a new global rates and currencies-focused hedge fund founded by ex-ING portfolio manager Alfonso Peccatiello, is set to launch in partnership with?Falcon Investment Management. https://lnkd.in/gExU9vm3

Pemberton Asset Management as the first?direct lender?in?Europe?to launch two dedicated strategies to provide NAV Financing and GP Solutions, sees NAV financing providing significant value-accretive benefits to the private equity community, writes Pemberton Partner Thomas Doyle. https://lnkd.in/gpSRNxe7

ARCH Venture Partners?has closed its latest fund, ARCH Venture Fund XIII, with over $3 billion dedicated to supporting early-stage biotechnology companies. This latest fundraise is on par with ARCH Venture Fund XII, which raised $2.9 billion in June 2022. https://lnkd.in/gbKxEi9z

Private equity platform and digital manager?Moonfare?named a new head of?Asia Pacific, embracing?Singapore?as a fast-growing financial center. https://lnkd.in/gzQ6SKRg