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ExchangeRight has added another fully subscribed offering to its track record, closing its $58.6 million Net-Leased Portfolio 72 DST — a 15-property net-leased portfolio anchored by investment-grade tenants in necessity-based industries. The portfolio spans 240,137 square feet of retail and healthcare space across 14 markets in seven states, with an initial weighted-average lease term of …

Cliffwater has made a significant hire to anchor its growing real assets platform, appointing Sean Brenan as Head of Real Estate and Portfolio Manager of the Cascade Real Assets Fund. Brenan arrives with deep institutional credentials, having spent his career most recently as Global Head of Goldman Sachs’ real estate secondaries, primaries, and co-investment platform …

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 …

Morgan Stanley Wealth Management has launched a new referral arrangement with Galaxy Digital designed to help eligible clients more efficiently integrate digital assets into traditional investment portfolios. The program allows qualified Morgan Stanley clients to lend cryptocurrencies, including Bitcoin, Ether and Solana, to Galaxy and receive shares of exchange-traded products with exposure to spot digital …

RBC Global Asset Management (U.S.) Inc. has launched the RBC BlueBay Enhanced Income Fund, a closed-end interval fund aimed at expanding investor access to alternative credit markets through collateralized loan obligations (CLOs). The actively managed fund will primarily invest in equity and junior debt tranches of CLOs, with additional flexibility to allocate to other structured …

Fox Corporation has agreed to acquire streaming platform Roku in a cash-and-stock transaction valued at approximately $22 billion, marking one of the largest media deals in recent years and significantly expanding FOX’s presence in connected television and digital advertising. Under the terms of the agreement, Roku shareholders will receive $160 per share, consisting of $96 …

U.S. wholesale inflation remained elevated in May as producer prices posted another strong monthly increase, underscoring the challenges facing policymakers as they seek to bring inflation back toward the Federal Reserve’s long-term 2% target. The Producer Price Index for final demand rose 1.1% in May from the previous month, matching April’s revised increase and exceeding …

As Charles Schwab quietly announced its plan to expand into local markets with its Schwab Wealth Advisory branches, fears within registered investment advisory firms are starting to heat up, as they question the motive behind Schwab’s SWA offices.  Currently, Schwab has 20 SWA offices across various markets and aims to open an additional 10 new branches by next year, after initially starting the year with four offices.  To fully support the rollout, Schwab recruited over 200 in-house wealth advisors last …

Hightower Advisors is expanding its Hightower Family Office platform, broadening the suite of services available to advisors serving ultra-high-net-worth clients as demand for more integrated wealth solutions continues to grow. The enhanced platform brings together institutional investment consulting, advanced financial planning, family governance, tax and estate strategy, and business advisory services into a unified framework. …

Independent financial advisors in New Jersey may avoid a sweeping regulatory shift after state lawmakers advanced legislation that would exempt them from a controversial worker classification rule set to take effect later this year. The New Jersey Senate Budget and Appropriations Committee approved the amendment in a 12-0 vote, with one abstention, carving out an …

Cliffwater has made a significant hire to anchor its growing real assets platform, appointing Sean Brenan as Head of Real Estate and Portfolio Manager of the Cascade Real Assets Fund. Brenan arrives with deep institutional credentials, having spent his career most recently as Global Head of Goldman Sachs’ real estate secondaries, primaries, and co-investment platform …

The Teacher Retirement System of Texas has deployed approximately $500 million in new commitments across private equity and infrastructure, reinforcing its conviction in an asset class that delivered more than 9% returns for the pension system in 2025. The latest round draws exclusively from existing manager relationships. The largest commitment went to Leonard Green & …

Retail access to private markets is entering a more disciplined phase, with operational capabilities increasingly determining which managers can successfully scale in the wealth channel, according to Gen II Fund Services’ latest Core Alternative Managers’ Mood Index. The survey found that 40% of alternative asset managers continue to invest in retail-focused strategies, while 32% of …

Ares Management Corporation has closed its latest flagship asset-based finance vehicle, Ares Pathfinder Fund III and its offshore companion fund, with $8.5 billion in commitments, cementing its position as one of the largest players in private credit’s ABF segment. The fund was oversubscribed and closed at its increased hard cap, well above its $6.5 billion …

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 …

Investors in companies like OpenAI, SpaceX and other high-growth firms are increasingly buying future optionality rather than current cash flow, according to Dean Rubino, CEO of KPC Private Funds. These businesses are valued on the belief they will become foundational infrastructure for AI, aerospace and next-generation computing. Over the last two decades, the private capital …