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Apollo has agreed to acquire a minority equity stake in Mubadala Capital, deepening its relationship with the Abu Dhabi-backed alternative asset manager while committing capital across the firm’s investment strategies. Additional strategic investors will also become minority shareholders. Together with Apollo, they are expected to commit $5 billion to Mubadala Capital’s strategies at the initial …

Self-storage remains largely a suburban business, but a growing share of new development is moving into city cores as smaller apartments, renter growth and downtown residential revivals reshape demand, according to a new StorageCafe analysis of Yardi Matrix data. Across the 100 most populous U.S. metros, 59% of self-storage built from 2016 to 2025 went …

William Blair, an investment banking platform, has acquired Armentum Partners, a debt and alternative capital solutions advisory firm, in a deal to broaden the firm’s asset-based lending and monetization capabilities.  The transaction also expands William Blair’s capital markets and debt advisory solutions and marks the firm’s second investment banking acquisition of the year, following its …

55ip, a fintech platform and a subsidiary of JP Morgan Asset Management, is expanding its unified managed account offering for RIA channels.  The platform’s UMA offerings include model portfolios with separately managed accounts from JP Morgan Asset Management and BlackRock.   The firm expects more asset managers to be added later this year.  The offering, 55ip …

Apollo has agreed to acquire a minority equity stake in Mubadala Capital, deepening its relationship with the Abu Dhabi-backed alternative asset manager while committing capital across the firm’s investment strategies. Additional strategic investors will also become minority shareholders. Together with Apollo, they are expected to commit $5 billion to Mubadala Capital’s strategies at the initial …

Wealthspire Advisors’ unit, Ground Control Business Management, has acquired a United Kingdom-based management firm, marking the division’s third transaction in the European market.  London-based private wealth manager Atlantic Swiss manages over $1 billion in total client assets and administration and is led by founder and president Craig Bell.  The firm provides financial planning, investment management …

Executive Summary The bond market delivered a warning last week: Concern about an artificial intelligence debt bust can outweigh inflation anxiety, at least temporarily. Investors sought safety in U.S. Treasurys as AI-linked credit sold off, pushing government yields lower despite stronger-than-expected inflation readings. The move revived an argument that an AI credit unwind could become …

Wholesale prices surged in September as energy costs spiked, posting the largest monthly increase in more than four years, the Bureau of Labor Statistics reported. The Producer Price Index for final demand rose a seasonally adjusted 1.3% in September, following increases of 0.5% in August and 0.2% in July. It was the biggest monthly gain …

ETF inflows were approaching a record even before the fourth quarter began, and investors are heading into year-end with more choices than ever. Active, thematic and specialized strategies have multiplied, giving investors new tools but also making it harder to separate lasting strategies from passing trends. As the market grows more crowded, the wrapper itself …

Wealthspire Advisors’ unit, Ground Control Business Management, has acquired a United Kingdom-based management firm, marking the division’s third transaction in the European market.  London-based private wealth manager Atlantic Swiss manages over $1 billion in total client assets and administration and is led by founder and president Craig Bell.  The firm provides financial planning, investment management …

Self-storage remains largely a suburban business, but a growing share of new development is moving into city cores as smaller apartments, renter growth and downtown residential revivals reshape demand, according to a new StorageCafe analysis of Yardi Matrix data. Across the 100 most populous U.S. metros, 59% of self-storage built from 2016 to 2025 went …

KKR has agreed to sell Infinity Transportation to funds managed by Ares Management at an enterprise value of approximately $2.9 billion, transferring a major North American railcar leasing platform to Ares’ infrastructure and insurance investment businesses. The buyers are Ares Infrastructure Equity and Ares Insurance Solutions funds. Atlanta-based Infinity owns and manages approximately 50,000 railcars …

Cox Capital Partners has launched a pilot lending program that lets large shareholders of non-traded business development companies borrow against their holdings while they wait to redeem at net asset value. Eligible investors can pledge shares and receive an advance of 50% to 65% of NAV, depending on the fund and underwriting. Loans are expected …

The largest wealth transfer in history is creating a divide inside family offices. Newer offices run by younger generations are more willing to take risks and are investing in private markets differently than established ones. Meanwhile, the bigger challenge for many families is no longer returns but deciding who makes the investment decisions. BlackRock surveyed …

Wealth management firms are continuing to explore how their clients can leverage initial public offerings and how artificial intelligence-related technology will change the advisor-client relationship.   Scott Victoria, President of TradePMR, discusses opportunities ahead for RIAs and how AI plays a role in the evolving wealth space.  Robinhood acquired TradePMR last year.  The following responses have …

Tether and London-based Fasanara Capital have launched StableFund, an evergreen private credit vehicle backed by $400 million in sponsor co-investment and designed to raise as much as $3 billion from outside institutional investors. The fund will invest in short-duration, asset-backed credit opportunities sourced through Fasanara’s global fintech lending network. Its strategy will focus on financing …

Anthropic has filed publicly with the Securities and Exchange Commission for what could be one of the largest initial public offerings on record, giving investors their first detailed look at the finances of a leading artificial intelligence developer just as worries over AI spending and debt are rattling markets. The Claude maker plans to list …

Cox Capital Partners has launched a pilot lending program that lets large shareholders of non-traded business development companies borrow against their holdings while they wait to redeem at net asset value. Eligible investors can pledge shares and receive an advance of 50% to 65% of NAV, depending on the fund and underwriting. Loans are expected …