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Nuveen and its Nuveen Green Capital affiliate have raised more than $1 billion in an initial close for their fourth commercial property assessed clean energy lending fund, reflecting growing insurer demand for long-duration, asset-backed credit. Nuveen CPACE Lending Fund IV is approaching its reported $1.2 billion target and has already raised 27% more than its …

Matterhorn Venture Partners has partnered with TPG AG U.S. Real Estate to acquire 16 Chicago-area industrial properties totaling approximately 986,000 square feet, expanding the firms’ recently established regional investment platform. The assets are part of a 53-building portfolio acquired for $628 million by TPG AG, Matterhorn, Redfearn Capital and Atlanta Property Group. The full portfolio …

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 …

Velocity Financial Inc. has agreed to acquire Toorak Capital’s operating platform in an all-cash transaction that will expand the commercial lender’s business-purpose loan offerings, origination capacity and geographic reach. Toorak, which is majority owned by funds advised by KKR affiliates, separately agreed to sell approximately $3 billion in business-purpose loans to an undisclosed third-party investment …

Aon plc has agreed to acquire USI Insurance Services from KKR and other shareholders for $17 billion in cash, extending the insurance brokerage giant’s push into the U.S. middle market following its 2024 purchase of NFP. USI is the 10th-largest U.S. insurance broker, with approximately $3 billion in annual revenue, more than 10,500 employees and …

Federal Reserve Chair Kevin Warsh will take center stage Friday at the Jackson Hole Economic Policy Symposium, where investors want a clearer explanation of how the central bank plans to return inflation to 2% and whether higher Treasury yields reduce the need for another rate increase. This year’s symposium theme, “Financial Innovation: Implications for Payments …

Executive Summary The Treasury Department’s decision to double long-end bond buybacks produced the desired initial market response, but investors should not confuse a successful squeeze on crowded positions with a durable change in the interest rate outlook. The action can reduce the amount of duration the private market must absorb at the margin. In that …

Cresset has recruited a 16-person UBS Private Wealth Management team overseeing approximately $4 billion in client assets, establishing the independent wealth manager’s first office in Boca Raton, Florida. The group is led by Michael Bober and Ed Ventrice, who each spent more than three decades advising corporate executives, business owners, wealthy families, foundations, endowments and …

Stone Point Capital and Genstar Capital will become equal owners of Ascensus under a new capital structure supporting further investment in technology, artificial intelligence and client services. Both private equity firms are contributing new capital, although the size of their investments and Ascensus’ valuation were not disclosed. Singapore sovereign wealth fund GIC will retain an …

Dimension Energy has secured $857 million in new capital to expand its distributed-solar portfolio. The financing includes a $200 million increase to Dimension’s corporate credit facility, bringing the total facility to $650 million. Nuveen Energy Infrastructure Credit and funds and accounts managed by HPS Investment Partners served as lead lenders. A separate $657 million construction-to-term …

StepStone Group Inc. has raised $1.7 billion for its first dedicated infrastructure secondaries fund and related separate accounts, expanding the firm’s capacity to provide liquidity across private infrastructure markets. StepStone Secondaries Infrastructure Fund closed with $1.5 billion in commitments, exceeding its target and reaching its hard cap. Separate accounts supplied the remaining $200 million. The …

StepStone Group Inc. has raised $1.7 billion for its first dedicated infrastructure secondaries fund and related separate accounts, expanding the firm’s capacity to provide liquidity across private infrastructure markets. StepStone Secondaries Infrastructure Fund closed with $1.5 billion in commitments, exceeding its target and reaching its hard cap. Separate accounts supplied the remaining $200 million. The …

Nasdaq Fund Secondaries, LODAS Markets and Harrison Street Asset Management are developing a managed transaction environment intended to give interval fund investors another way to seek liquidity outside their funds’ scheduled repurchase windows. The planned system would use periodic auctions to facilitate transfers of interval fund interests. Harrison Street, through an affiliated investment advisor, 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 …

Executive Summary Inflation expectations have fallen sharply following last week’s benign CPI and PPI prints, yet the market continues to price a meaningful probability of an interest rate hike by the Federal Reserve — a disconnect that appears mispriced. On balance, the Fed will likely look through the near-term energy spike and hold rates steady …

Federal Reserve Chair Kevin Warsh will take center stage Friday at the Jackson Hole Economic Policy Symposium, where investors want a clearer explanation of how the central bank plans to return inflation to 2% and whether higher Treasury yields reduce the need for another rate increase. This year’s symposium theme, “Financial Innovation: Implications for Payments …