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ExchangeRight has fully subscribed Net-Leased Portfolio 74 DST, a $63.34 million offering holding 11 single-tenant retail properties across nine states. The offering provides monthly distributions at a current annualized rate of 5%, supported by in-place lease revenue. The portfolio spans 11 markets in California, Iowa, Michigan, Mississippi, Nebraska, North Carolina, Ohio, Pennsylvania and Texas. Its …

The Illinois Municipal Retirement Fund approved $320 million in commitments across eight real assets and alternative investment managers at its Aug. 28 trustees meeting. The $65 billion pension fund said $100 million went to women- and minority-owned investment firms. The allocations follow $430 million in credit and private equity commitments approved in May. IMRF committed …

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 …

F.L.Putnam Investment Management Co. has acquired the Red Granite investment team from an affiliate of 1251 Capital Group, establishing its first Wisconsin office and expanding its proprietary equity platform. The six-person Milwaukee team, led by co-chief investment officers Joel D. Vrabel and David J. Drzadinski, oversaw more than $1 billion for private clients as of …

Aquiline has agreed to acquire a controlling interest in Flourish, a MassMutual-owned wealth technology platform that helps independent registered investment advisors extend their services beyond traditional portfolio management. New York-based Flourish provides advisor-led cash-management and home-lending products designed to help RIAs retain more of their clients’ financial relationships. The platform works with more than 1,300 …

U.S. consumers’ inflation expectations held largely steady in August, but their outlook for the labor market deteriorated, highlighting a growing divide between persistent price concerns and anxiety about employment conditions ahead of the Federal Reserve’s September policy meeting. Median inflation expectations for the one-year horizon were unchanged at 3.6%, according to the Federal Reserve Bank …

The Federal Reserve’s inspector general called for tighter safeguards and clearer governance in selecting regional bank leaders, finding gaps in conflict-of-interest screening and inconsistent procedures across the central bank’s 12 districts. The Office of Inspector General issued 10 recommendations after reviewing the Fed board’s processes from 2021 through 2024 for appointing Class C directors, approving …

New Mountain Capital has exited its investment in Lincoln Investment Capital Holdings, returning full ownership of the independent broker-dealer and registered investment advisor to the Forst family and adviser shareholders. New Mountain invested in the Fort Washington, Pennsylvania-based company in 2020 through its inaugural Strategic Equity Fund, a $640 million vehicle focused on noncontrolling investments. …

Most advisory firms know they need to grow organically. Fewer have a clear strategy for doing it without adding proportional complexity, headcount, and cost. Alison Considine, head of strategy and business development at Betterment Advisor Solutions, believes the answer for many firms is sitting in a dataset they already have — their own client book. …

Qualcomm Technologies and Amazon will collaborate on customized silicon and optical networking for large-scale artificial intelligence data centers, a deal that broadens Qualcomm’s push beyond mobile processors and into the fast-growing market for AI infrastructure. The companies said that they will work across multiple product generations on custom chips for AI inference, the process of …

ArcLight Capital Partners has committed $1 billion of equity from its funds to launch Anchor Point Transmission, an independent company seeking to develop, finance, own and operate high-voltage power infrastructure across the United States. Anchor Point plans to partner with utilities on transmission projects needed to accommodate rising electricity demand from data centers, domestic manufacturing …

The Federal Reserve’s inspector general called for tighter safeguards and clearer governance in selecting regional bank leaders, finding gaps in conflict-of-interest screening and inconsistent procedures across the central bank’s 12 districts. The Office of Inspector General issued 10 recommendations after reviewing the Fed board’s processes from 2021 through 2024 for appointing Class C directors, approving …

Blue Owl Capital Inc.-managed funds are leading a $2.4 billion equipment financing for IREN Ltd. to expand the AI cloud provider’s computing capacity at its Mackenzie data center campus in British Columbia, Canada. The financing combines a $1.2 billion senior secured term loan with $1.2 billion of senior secured notes. IREN plans to use the …

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 …

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 …

Nonfarm payrolls increased by 162,000 in August, nearly triple the 55,000 consensus estimate, while the unemployment rate held at 4.1%, the Bureau of Labor Statistics reported. The gain was well above the 31,000 monthly average over the previous 12 months. Previous payroll readings were revised higher. June employment increased by 31,000, up from the initially …