Sector Investment 3h Briefing
×Last updated: March 13, 2026, 3:32 PM ET
Pension Fund Activity
The California-based public pension fund has issued an RFP seeking investment consulting services, marking its first major consultant search in five years as it evaluates strategies for its $80 billion portfolio. The move comes amid growing pressure to optimize asset allocation across public and private markets while managing increased regulatory scrutiny.
Private Equity & Infrastructure
Blackstone has secured a $1.2 billion credit facility for Air Trunk's expansion into Japanese data centers, part of a broader push by private equity into AI infrastructure assets across Asia-Pacific. The facility will fund construction of three hyperscale facilities in Tokyo and Osaka, targeting completion by late 2026.
Real Estate Investment
Madison Air has 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, with Goldman Sachs and Morgan Stanley leading the offering.
Wealth Creation
A surge in aluminum prices has catapulted Zhang Bo to a $48 billion fortune, making him one of Asia's wealthiest industrialists. The China Hongqiao founder's net worth jumped 23% in three months as global aluminum deficits tightened supply, with his company controlling 7% of global production capacity.