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Adams Street Partners has secured more than $5 billion in capital commitments for its latest secondaries investment program, including $2.7 billion for the closing of Global Secondary Fund 8. The program will pursue opportunities across limited partner-led and general partner-led transactions. The fundraising was about 50% larger than Adams Street’s previous secondaries program and received …

Atrium has launched a commercial real estate credit-intelligence platform designed to help investors and lenders track loan exposure across property records. The San Diego-based company combines more than 150 sources, including county records, trustee reports, bank and real estate investment trust filings, broker data and syndicated-loan information. The system links debt to individual properties regardless …

Vestmark has been tapped by Vanguard to provide an expanded source of model portfolios to registered investment advisors, as asset classes and service preferences continue to be growing factors for clients.  Vanguard has launched the Vanguard Custom Model Portfolios, which aims to provide advisors with customized portfolios through the firm. Through its partnership, Vestmark will …

OpenWorld Ltd. and Blockchain.com have entered a strategic partnership to expand real-world asset (RWA) tokenization and institutional access across global digital asset markets. As part of the agreement, Blockchain.com has also made a strategic investment in OpenWorld. The multi-year collaboration will integrate Blockchain.com’s trading, liquidity, and balance sheet capabilities directly into OpenWorld’s tokenization and advisory …

Janus Henderson Investors’ AAA CLO ETF has surpassed $30 billion in assets under management, underscoring growing investor demand for high-quality floating-rate securities as interest-rate volatility reshapes fixed-income portfolios. The Janus Henderson AAA CLO ETF, trading under the ticker JAAA, attracted more than $5.7 billion in net inflows through Aug. 10. The fund is now the …

Nth Cycle Inc., a critical minerals refiner focused on reshoring strategic supply chains, has agreed to merge with Kensington Capital Acquisition Corp. VI in a deal that values the company at an implied enterprise value of $585 million. The transaction will take Nth Cycle public as Nth Cycle Holdings, Inc., with shares expected to trade …

Executive Summary Additional Tier 1, or AT1, bank bonds are trading at near-historic tight spreads despite their complex, loss-absorbing structures. With the ICE CoCo Index offering roughly 206 basis points over benchmark rates, well below its 385-basis-point historical median, investors may not be adequately compensated for coupon-cancellation, extension, and regulatory risks. As banks increasingly issue …

The U.S. Treasury Department will at least double the size of buyback operations for longer-dated government securities, expanding its effort to improve trading conditions after the 30-year yield reached its highest level since 2007. Beginning Sept. 9, Treasury will raise the maximum purchase amount from $2 billion to at least $4 billion for operations covering …

MAI Capital Management has added a California-based registered investment advisor firm, which manages roughly $551 million in total client assets.   OG Private Wealth, founded in 2009, is led by brothers Ryan and Mike O’Donnell and offers financial planning, investment management, estate planning, and financial advisory services to over 300 client households.  Following the move, the …

Registered investment advisor NewEdge Wealth, has added a financial advisory team in Houston, marking its 20th location nationwide.  The team, which includes advisors Jeffrey Thompson, Shannon Willems, and Sara DeJay Willis, brings over 30 years of combined experience. Additionally, the team includes three client service associates.  The advisors provide wealth management services, including exit strategies, …

Cohen & Steers has launched the Cohen & Steers Real Assets Active ETF, expanding the firm’s actively managed exchange-traded fund lineup with a diversified strategy spanning listed real estate, infrastructure, natural resources and commodities in a single vehicle. The ETF trades on the NYSE Arca under the ticker CSRA. “We believe we have entered an …

Nth Cycle Inc., a critical minerals refiner focused on reshoring strategic supply chains, has agreed to merge with Kensington Capital Acquisition Corp. VI in a deal that values the company at an implied enterprise value of $585 million. The transaction will take Nth Cycle public as Nth Cycle Holdings, Inc., with shares expected to trade …

Atrium has launched a commercial real estate credit-intelligence platform designed to help investors and lenders track loan exposure across property records. The San Diego-based company combines more than 150 sources, including county records, trustee reports, bank and real estate investment trust filings, broker data and syndicated-loan information. The system links debt to individual properties regardless …

Executive Summary Additional Tier 1, or AT1, bank bonds are trading at near-historic tight spreads despite their complex, loss-absorbing structures. With the ICE CoCo Index offering roughly 206 basis points over benchmark rates, well below its 385-basis-point historical median, investors may not be adequately compensated for coupon-cancellation, extension, and regulatory risks. As banks increasingly issue …

U.S. employers unexpectedly shed 23,000 jobs in July, falling far short of the 88,000 gain projected by economic consensus, according to data released by the U.S. Bureau of Labor Statistics. The drop was compounded by sharp downward revisions to prior months. May payroll additions were revised down by 66,000 to 63,000, while June figures were …

Executive Summary Inflation expectations have fallen sharply following last week’s benign CPI and PPI prints, yet the market continues to price a meaningful probability of an interest rate hike by the Federal Reserve — a disconnect that appears mispriced. On balance, the Fed will likely look through the near-term energy spike and hold rates steady …

Executive Summary Additional Tier 1, or AT1, bank bonds are trading at near-historic tight spreads despite their complex, loss-absorbing structures. With the ICE CoCo Index offering roughly 206 basis points over benchmark rates, well below its 385-basis-point historical median, investors may not be adequately compensated for coupon-cancellation, extension, and regulatory risks. As banks increasingly issue …

The U.S. Treasury Department will at least double the size of buyback operations for longer-dated government securities, expanding its effort to improve trading conditions after the 30-year yield reached its highest level since 2007. Beginning Sept. 9, Treasury will raise the maximum purchase amount from $2 billion to at least $4 billion for operations covering …