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The New York State Common Retirement Fund committed more than $1.2 billion to private equity strategies in May, rebounding sharply from a quiet April that produced only two transactions. The $295 billion pension system currently allocates 14.3% of assets, roughly $42 billion, to private equity and has delivered a 10-year annualized return of 8.94% despite …

Voya Financial is expanding access to private market investments within its Advisor Managed Accounts (AMA) program, allowing registered investment advisors to incorporate private assets into professionally managed retirement portfolios for defined contribution plan participants. The enhancement builds on Voya’s Primary Plus platform, introduced to enable third-party RIAs offering managed account programs through Voya to provide …

Galaxy Digital has made a strategic investment in Digital Prime Technologies, the institutional digital asset technology firm behind Tokenet, a lending platform developed in partnership with EquiLend. The investment extends an existing relationship: Galaxy participated as a launch client when Tokenet went live in May 2026. Tokenet applies securities lending workflows, risk controls, and lifecycle …

Peachtree Group, an investment management firm, has partnered with Goldman Sachs Custody Solutions to expand its reach of alternative investment offerings to investors.  Through Goldman Sachs’ custody solutions platform, RIAs will gain access to Peachtree’s investment products, to provide high-net-worth and affluent clients with“streamlined” access to Peachtree’s real estate and credit products.  Additionally, Peachtree’s investment vehicles are accessible through alternative investment platforms, including iCapital, SEI …

Axos Financial subsidiary Axos Nevada Holding plans to acquire Arc Technologies, a cash management and fintech platform, in a move to expand its artificial intelligence offerings.  The acquisition will enable Axos to gain access to enhanced AI capabilities through Arc’s financial infrastructure hub and agentic finance tools, which are designed to automate workflows, provide market insights, and boost operational efficiency.  The deal, which is expected to close this month, will be Axos’ fourth acquisition in the last year.  In May , Axos acquired Los Angeles-based Jenius Bank’s $2.3 billion in deposits from …

Global infrastructure investment manager I Squared Capital has agreed to acquire Milestone Environmental Services, a leading independent environmental infrastructure company, from private equity firm SK Capital Partners. Headquartered in Houston, Milestone owns and operates 15 fully permitted disposal facilities for oil and gas drilling, completion, and production waste. Its assets are strategically positioned across major …

U.S. wholesale inflation followed the example of consumer price inflation in June with a monthly decline. The Producer Price Index for final demand fell by a seasonally adjusted 0.3% in June after rising 1.1% the previous month, the U.S. Bureau of Labor Statistics reported Wednesday. Analysts had expected the June figure to be in line …

Executive Summary The war in Iran has scrambled traditional views of safety in fixed income, pushing investors out of long‑duration Treasuries and broad investment‑grade benchmarks and into floating‑rate, senior‑secured credit. From February 28 through early July, the Invesco Senior Loan ETF (BKLN) returned just over 3% on a total‑return basis, compared with losses of about …

Prairie Wealth Advisors has hired former Guggenheim Investment Management executive Mike Finnegan as chief investment officer, adding senior investment leadership as the RIA continues to expand following a recent acquisition.  Finnegan will be responsible for Prairie Wealth’s investment platform, including portfolio strategy, manager selection, and investment due diligence. He will also contribute marketcommentary and support company-wide client and prospect conversations.  “The team has built a strong reputation for thoughtful, …

Registered investment advisor firm Choreo has acquired the assets of Wilmette, Ill-based Resource Financial Group. Resource Financial Group oversees approximately $700 million in client assets. The firm, founded in 1996, provides wealth management services, including financial planning, retirement planning, and insurance solutions to high-net-worth clients, including business owners and families.  The eight-person team is led by wealth managers Peter Maris and Brian Pugal. The team is also supported by a six-person client service team led by …

Global infrastructure investment manager I Squared Capital has agreed to acquire Milestone Environmental Services, a leading independent environmental infrastructure company, from private equity firm SK Capital Partners. Headquartered in Houston, Milestone owns and operates 15 fully permitted disposal facilities for oil and gas drilling, completion, and production waste. Its assets are strategically positioned across major …

SummitIG has acquired Dark Fiber and Infrastructure LLC (DF&I) from funds managed by Blue Owl Capital, expanding its dark fiber network across the Mid-Atlantic. SummitIG has been majority owned by digital infrastructure investment firm SDC Capital Partners since 2019. The acquisition adds nearly 200 miles of conduit and dark fiber assets to SummitIG’s existing network …

SummitIG has acquired Dark Fiber and Infrastructure LLC (DF&I) from funds managed by Blue Owl Capital, expanding its dark fiber network across the Mid-Atlantic. SummitIG has been majority owned by digital infrastructure investment firm SDC Capital Partners since 2019. The acquisition adds nearly 200 miles of conduit and dark fiber assets to SummitIG’s existing network …

The House Financial Services Committee has unanimously passed the Clarity for Compensation Act, a bipartisan bill that would allow independent financial advisors to collect commissions through their own business entities without requiring those entities to register as brokers with the Securities and Exchange Commission. The bill was introduced in January by Republican Rep. Zach Nunn …

Figure Technology Solutions is making a bold move to expand its blockchain-based capital markets platform, announcing a $717 million agreement to acquire Kiavi, an AI-powered lending platform serving residential real estate investors. The deal includes a joint venture with Sixth Street to purchase loans off Kiavi’s balance sheet. Kiavi has spent 13 years building a …

Moomoo is expanding its cryptocurrency trading business into Texas while introducing a new feature that allows U.S. users to transfer digital assets directly between external wallets and their platform accounts. The global investment and trading platform said Texas-based investors can now trade 52 cryptocurrencies through Moomoo Crypto with zero commissions and transaction fees as low …

Executive Summary The war in Iran has scrambled traditional views of safety in fixed income, pushing investors out of long‑duration Treasuries and broad investment‑grade benchmarks and into floating‑rate, senior‑secured credit. From February 28 through early July, the Invesco Senior Loan ETF (BKLN) returned just over 3% on a total‑return basis, compared with losses of about …