Sector Investment 24-Hour Briefing
×Last updated: March 14, 2026, 11:32 AM ET
Pension Fund Activity
The California-based MCERA issued an RFP seeking investment consulting services as the public pension fund evaluates strategic asset allocation changes. The request signals growing institutional demand for enhanced portfolio oversight amid market volatility, with consultants expected to provide recommendations on infrastructure, private equity, and fixed income exposures. MCERA's move follows similar requests from other large pension funds reassessing their investment strategies.
Private Equity & Infrastructure
Blackstone secured a $1.2 billion credit facility for Air Trunk's expansion into Japanese data centers, marking the private equity giant's latest push into AI infrastructure assets across Asia-Pacific. The financing package will fund construction of hyperscale facilities in Tokyo and Osaka, targeting hyperscalers and cloud providers amid surging AI compute demand. This follows Blackstone's recent $2.3 billion acquisition of a UK data center portfolio.
Capital Markets
Madison Air filed for a Nasdaq IPO targeting a $500 million valuation, buoyed by three consecutive quarters of double-digit revenue growth in the private aviation charter market. The company plans to use proceeds for fleet expansion and technology upgrades, capitalizing on increased corporate travel demand. Meanwhile, Chicago's planned muni bond sale is testing investor appetite amid geopolitical uncertainty, with the $750 million offering pricing at a 25 basis point premium to comparable issues.