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The New York State Common Retirement Fund allocated approximately $565.2 million to U.S. real estate in August, combining a middle-market fund commitment with student housing, industrial property and grocery-anchored retail investments, according to state comptroller disclosures. The largest allocation was $300 million to Artemis Real Estate Partners Fund V, which makes debt and equity investments …

Adams Street Partners has launched the Adams Street Venture & Growth Fund (AVNGR), a closed-end, perpetual-term tender offer fund designed to give qualified clients evergreen access to venture capital. The fund launches with $363.5 million in net assets from anchor investors and will be broadly available starting Dec. 1 on all major custodian platforms. AVNGR …

Wellesley Hills Financial, a digital investment bank, which serves the lower- to upper-middle market, has launched an advisory practice.  The unit, named WHF Fintech & Payments Institute, provides services to fintech, payments, and B2B software companies.  The Institute team includes senior advisor O.B. Rawls, founding team lead Mark Bishopp, founder and managing member Adam Hark, …

Bitwise Asset Management has brought its crypto model portfolios to Vise Technologies, Inc., making them available to wealth firms using a platform that serves more than 135,000 accounts and has over $140 billion in platform assets. The rollout gives advisors a way to include crypto exposure within a client’s broader portfolio of stocks, bonds and …

Brightwood Capital Advisors has priced a $253.55 million collateralized loan obligation, adding to its financing activity for middle-market lending. The transaction, Brightwood Capital MM CLO 2026-1 Ltd., is the firm’s 10th CLO issuance since 2019. GreensLedge Capital Markets will serve as placement agent. Brightwood said it received indications from third-party investors for securities rated AAA …

EQT AB has agreed to acquire Stockbridge, a leading U.S. real estate investment manager with approximately US$16.5 billion in fee-generating assets under management. With base consideration of US$375 million and potentially another US$175 million to be paid over the next four years, the acquisition covers 100% of the Stockbridge management company and the general partner …

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 …

Executive Summary Rising Treasury yields have been painful for bondholders, but they are also creating income opportunities investors haven’t seen in nearly two decades. With the forces driving rates higher showing few signs of fading, the challenge for investors is less about predicting the peak and more about structuring portfolios that can adapt to whatever …

Merit Financial Advisors acquired Moldenhauer & Associates, expanding into greater Buffalo and Western New York with a $1.1 billion wealth management practice whose leadership is seeking support for growth and long-term continuity. The transaction became effective Sept. 25. Financial terms were not disclosed. Brett Moldenhauer and the firm’s 12 employees will join Merit while remaining …

Mercer Advisors has completed a $1.9 billion debt refinancing through a new seven-year term loan B, replacing its existing private credit financing and marking its first entry into the broadly syndicated loan market. The Denver-based RIA also added a $340 million revolving credit facility with a five-year maturity. The oversubscribed deal lowers Mercer’s financing costs, …

Blackstone has closed Blackstone Energy Transition Partners V at $8.7 billion, reaching its hard cap. The oversubscribed fund is more than 50% larger than its predecessor. Its investment period began in June, and it has already financed three platform companies and completed three acquisitions. The platforms—Kindle, Fisterra and Viridon—support management teams developing and operating power …

Zocks, an artificial intelligence platform, has partnered with TruChoice Financial Group, an AmeriLife company and insurance and retirement planning solutions provider, to streamline various workflow activities.  Through the partnership, members that are affiliated with TruChoice will be enabled to leverage Zock’s services to help restructure various administrative tasks, including client meetings to managing issued life …

Blackstone has closed Blackstone Energy Transition Partners V at $8.7 billion, reaching its hard cap. The oversubscribed fund is more than 50% larger than its predecessor. Its investment period began in June, and it has already financed three platform companies and completed three acquisitions. The platforms—Kindle, Fisterra and Viridon—support management teams developing and operating power …

Non-listed closed-end funds reached approximately $279 billion in aggregate net asset value in the third quarter of 2026, up 6.7% from the previous quarter, as growth in private equity and venture capital strategies contrasted with mounting redemption pressure on credit funds. Tender offer fund assets increased 9.7% to $136.6 billion, outpacing interval funds, which grew …

Bitwise Asset Management has brought its crypto model portfolios to Vise Technologies, Inc., making them available to wealth firms using a platform that serves more than 135,000 accounts and has over $140 billion in platform assets. The rollout gives advisors a way to include crypto exposure within a client’s broader portfolio of stocks, bonds and …

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 …

Non-listed closed-end funds reached approximately $279 billion in aggregate net asset value in the third quarter of 2026, up 6.7% from the previous quarter, as growth in private equity and venture capital strategies contrasted with mounting redemption pressure on credit funds. Tender offer fund assets increased 9.7% to $136.6 billion, outpacing interval funds, which grew …