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Origin Credit Advisers LLC has closed a $50 million bridge loan for Evergreen at Whisper Valley, a 348-unit multifamily development in Manor, Texas, extending the firm’s recent lending activity across Sun Belt markets. The financing was originated for the Origin Real Estate Credit Fund, a multifamily-focused interval fund. Origin did not disclose the loan’s interest …

Financial technology platform Bridge has launched a $500 million direct lending fund dedicated to financing consumer packaged goods (CPG) brands and suppliers fulfilling purchase orders for major U.S. retailers. The new fund targets a persistent working-capital gap in the retail supply chain. Emerging suppliers scaling into large-scale retail relationships frequently experience severe liquidity strains, as …

Asset-tokenized platform Securitize has launched the Neuberger Securitize High Income Tokenized Fund, marking it as the first high-yield bond fund with investment manager Neuberger Berman.  The fund aims to attract risk-adjusted returns by investing primarily in high-yield and fixed-income investments across public blockchain networks such as Avalanche, Ethereum, Solana, and Sui.  The move comes as …

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 …

Macquarie Asset Management has priced its third U.S. collateralized loan obligation, Market Street CLO III, raising $409 million and pushing total U.S. CLO issuance on the platform past $1.6 billion in 18 months. The transaction attracted 10 new investors to the platform, extending the firm’s growing presence in the structured credit market since it launched …

Keurig Dr Pepper has agreed to sell its entire equity stake in Chobani back to the food and beverage company for $800 million as it moves to strengthen its balance sheet before separating into two businesses. In a related transaction, KDP will sell Chobani its manufacturing facility and warehouse in Allentown, Pennsylvania, for approximately $125 …

Federal Reserve Chair Kevin Warsh will take center stage Friday at the Jackson Hole Economic Policy Symposium, where investors want a clearer explanation of how the central bank plans to return inflation to 2% and whether higher Treasury yields reduce the need for another rate increase. This year’s symposium theme, “Financial Innovation: Implications for Payments …

Executive Summary The Treasury Department’s decision to double long-end bond buybacks produced the desired initial market response, but investors should not confuse a successful squeeze on crowded positions with a durable change in the interest rate outlook. The action can reduce the amount of duration the private market must absorb at the margin. In that …

Over the next two decades, an estimated $84 trillion is expected to pass from one generation to the next in what’s become known as the Great Wealth Transfer. Much of the public conversation has centered on the financial mechanics — estate documents, trusts, and investment portfolios — but according to Mark Murphy, CEO of Northeast …

Cresset has recruited a 16-person UBS Private Wealth Management team overseeing approximately $4 billion in client assets, establishing the independent wealth manager’s first office in Boca Raton, Florida. The group is led by Michael Bober and Ed Ventrice, who each spent more than three decades advising corporate executives, business owners, wealthy families, foundations, endowments and …

Dimension Energy has secured $857 million in new capital to expand its distributed-solar portfolio. The financing includes a $200 million increase to Dimension’s corporate credit facility, bringing the total facility to $650 million. Nuveen Energy Infrastructure Credit and funds and accounts managed by HPS Investment Partners served as lead lenders. A separate $657 million construction-to-term …

StepStone Group Inc. has raised $1.7 billion for its first dedicated infrastructure secondaries fund and related separate accounts, expanding the firm’s capacity to provide liquidity across private infrastructure markets. StepStone Secondaries Infrastructure Fund closed with $1.5 billion in commitments, exceeding its target and reaching its hard cap. Separate accounts supplied the remaining $200 million. The …

Financial technology platform Bridge has launched a $500 million direct lending fund dedicated to financing consumer packaged goods (CPG) brands and suppliers fulfilling purchase orders for major U.S. retailers. The new fund targets a persistent working-capital gap in the retail supply chain. Emerging suppliers scaling into large-scale retail relationships frequently experience severe liquidity strains, as …

StepStone Group Inc. has raised $1.7 billion for its first dedicated infrastructure secondaries fund and related separate accounts, expanding the firm’s capacity to provide liquidity across private infrastructure markets. StepStone Secondaries Infrastructure Fund closed with $1.5 billion in commitments, exceeding its target and reaching its hard cap. Separate accounts supplied the remaining $200 million. The …

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 …

Latin American investors are increasing allocations to globally oriented exchange-traded funds as strong cross-border equity returns, low costs and growing availability through regional exchanges make the vehicles more accessible to institutions and individuals. Latin American pension funds and onshore mutual funds held $195 billion in cross-border ETFs as of March, according to Cerulli Associates’ “Latin …