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Cove Capital Investments has fully subscribed its Cove Essential Net Lease Industrial 108 DST, raising more than $9.9 million in investor equity for a distribution facility in Anchorage, Alaska. The debt-free offering owns a 30,554-square-foot industrial facility leased to a national logistics and distribution company. Originally constructed as a purpose-built logistics facility, the property is …

TPG RE Finance Trust has priced a $1 billion managed commercial real estate collateralized loan obligation. TRTX 2026-FL8 is expected to place approximately $820 million of investment-grade securities with institutional investors. The financing will be nonrecourse and non-mark-to-market. The transaction carries a weighted average interest rate of one-month Term SOFR plus 1.43% before transaction costs …

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 …

AlphaCore Wealth Advisory is bolstering its services for ultra-high-net-worth clients with the launch of AlphaCore Streamline, following its acquisition of Streamline Family Office.  Dover, MA-based Streamline Family Office, which is a women-led practice, represents roughly $5 billion in collective assets, is led by CEO and founder Katie Sullivan, and brings its 15-person team to AlphaCore’s …

Carson Group has fully acquired an Ohio-based wealth management practice that oversees more than $367 million in assets under management.  Elios Financial Group is led by managing partner and wealth advisor James Elios, and offers financial planning, investment management, retirement planning, and portfolio management.  The team includes partner and wealth advisor Brandon Steinhagen and is …

The Federal Reserve raised interest rates by a quarter point Wednesday, delivering its first increase since July 2023 as persistent inflation and higher energy costs forced policymakers to reverse course after easing policy in 2024 and 2025. The Federal Open Market Committee voted unanimously to lift the federal funds rate’s target range to 3.75% to …

The Federal Reserve raised interest rates by a quarter percentage point Wednesday, delivering its first increase since July 2023 as policymakers responded to renewed inflation pressures. The unanimous decision by all 12 voting members of the Federal Open Market Committee lifted the federal funds rate’s target range to 3.75% to 4%. Fed officials also signaled …

AlphaCore Wealth Advisory is bolstering its services for ultra-high-net-worth clients with the launch of AlphaCore Streamline, following its acquisition of Streamline Family Office.  Dover, MA-based Streamline Family Office, which is a women-led practice, represents roughly $5 billion in collective assets, is led by CEO and founder Katie Sullivan, and brings its 15-person team to AlphaCore’s …

Carson Group has fully acquired an Ohio-based wealth management practice that oversees more than $367 million in assets under management.  Elios Financial Group is led by managing partner and wealth advisor James Elios, and offers financial planning, investment management, retirement planning, and portfolio management.  The team includes partner and wealth advisor Brandon Steinhagen and is …

Franklin Templeton has agreed to acquire a majority stake in European real assets manager Stoneshield Capital through its Clarion Partners subsidiary, significantly expanding the company’s presence in higher-return property and infrastructure strategies across Europe. The transaction will triple Clarion’s European assets under management to approximately $13 billion, or €11 billion. Clarion’s total assets will rise …

MacLean Power Systems has agreed to acquire Delta Star, adding power transformers and mobile substations to its growing portfolio of electric-grid equipment. Delta Star, founded in 1908 and headquartered in Lynchburg, Virginia, manufactures engineered-to-order power transformers, mobile and unitized substations, auxiliary trailers and related equipment. Its customers include electric utilities, data centers, industrial businesses and …

The Federal Reserve raised interest rates by a quarter point Wednesday, delivering its first increase since July 2023 as persistent inflation and higher energy costs forced policymakers to reverse course after easing policy in 2024 and 2025. The Federal Open Market Committee voted unanimously to lift the federal funds rate’s target range to 3.75% to …

The Federal Reserve raised interest rates by a quarter percentage point Wednesday, delivering its first increase since July 2023 as policymakers responded to renewed inflation pressures. The unanimous decision by all 12 voting members of the Federal Open Market Committee lifted the federal funds rate’s target range to 3.75% to 4%. Fed officials also signaled …

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 …

The Federal Reserve raised interest rates by a quarter point Wednesday, delivering its first increase since July 2023 as persistent inflation and higher energy costs forced policymakers to reverse course after easing policy in 2024 and 2025. The Federal Open Market Committee voted unanimously to lift the federal funds rate’s target range to 3.75% to …

The Federal Reserve raised interest rates by a quarter percentage point Wednesday, delivering its first increase since July 2023 as policymakers responded to renewed inflation pressures. The unanimous decision by all 12 voting members of the Federal Open Market Committee lifted the federal funds rate’s target range to 3.75% to 4%. Fed officials also signaled …