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Pivot Energy has closed a $500 million corporate credit facility with Nuveen Energy Infrastructure Capital, adding financing for late-stage development, equipment procurement and expansion of its solar and battery storage portfolio. The three-year bilateral facility supports Pivot’s transition from project developer to independent power producer, owning and operating the assets it builds. By the end …

Cantor Fitzgerald Asset Management and Lincoln Energy Partners have launched the Cantor Fitzgerald Energy Fund, an interval fund that gives individual investors exposure to U.S. oil and gas production with an emphasis on current income. The publicly registered, continuously offered fund seeks to maximize risk-adjusted total return primarily by investing in U.S. oil and gas …

Montreal-based Sagard, an alternative asset management firm, has launched its private credit business, marking its entry into the U.S. wealth market.  Through the expansion, wealth managers, advisors and investors will gain access to Sagard’s educational content and tools, and private markets insights, through the firm’s $5.9 billion private credit platform.  Additionally, the expansion follows Sagard’s …

Vanguard has rolled out a new equity-based investment option for plans and participants that are seeking long-term growth potential.  The asset manager has launched the Vanguard Target Retirement Growth Trusts, a target-date investment product that provides employees with retirement savings options through their employers.  The new Growth series expands Vanguard’s target-date lineup by presenting collective …

Marvell Technology has agreed to acquire Lumentum in an all-stock transaction with an implied enterprise value of $115 billion, betting that growing artificial intelligence workloads will accelerate demand for integrated optical connections across data centers. Lumentum shareholders will receive 4.5 Marvell shares for each share they own. Based on the companies’ Oct. 28 closing prices, …

Two financial advisors, along with their North Carolina-based wealth management firm, which oversees about $300 million in assets under management, have joined Captrust Financial Advisors.  Raleigh, NC-based RHA Wealth, led by advisors Clark Abbott and Robert Hartinger, was founded in 2021 and provides wealth management services to over 190 high-net-worth clients, including business owners, entrepreneurs, …

The Federal Reserve held its benchmark interest rate steady Wednesday, pausing after September’s increase as policymakers weighed persistent inflation against the effects of higher borrowing costs. The decision has shifted attention to the timing of another potential hike and whether elevated Treasury yields will continue tightening financial conditions on their own. The Federal Open Market …

The Federal Reserve held its benchmark interest rate steady at 3.75% to 4% in a 10-2 vote, with two policymakers favoring a quarter-point increase as inflation remained elevated. Fed Gov. Lisa Cook and Cleveland Fed President Beth Hammack dissented, voting to raise rates. The policy statement described inflation as “elevated” and emphasized the need for …

Osaic has recruited ICG next, a New Jersey wealth manager with about $2.3 billion in client assets, from rival LPL Financial, giving the private equity-owned firm a high-profile win as it works to rebuild momentum and as LPL ramps up its own recruiting. ICG next, based in Wall Township, New Jersey, with a second office …

The number of registered investment advisers managing more than $5 billion has increased sharply over five years, expanding investor choice while making differences in compensation, services and standards of care increasingly important, according to research from Cerulli Associates and Credent. The population grew to 343 firms from 194, an increase of approximately 77%. However, firms …

Cantor Fitzgerald Asset Management and Lincoln Energy Partners have launched the Cantor Fitzgerald Energy Fund, an interval fund that gives individual investors exposure to U.S. oil and gas production with an emphasis on current income. The publicly registered, continuously offered fund seeks to maximize risk-adjusted total return primarily by investing in U.S. oil and gas …

Self-storage remains largely a suburban business, but a growing share of new development is moving into city cores as smaller apartments, renter growth and downtown residential revivals reshape demand, according to a new StorageCafe analysis of Yardi Matrix data. Across the 100 most populous U.S. metros, 59% of self-storage built from 2016 to 2025 went …

Marvell Technology has agreed to acquire Lumentum in an all-stock transaction with an implied enterprise value of $115 billion, betting that growing artificial intelligence workloads will accelerate demand for integrated optical connections across data centers. Lumentum shareholders will receive 4.5 Marvell shares for each share they own. Based on the companies’ Oct. 28 closing prices, …

Dealmakers are still optimistic about mergers and acquisitions, just a lot less so than a year ago. Economic uncertainty, stubborn valuation gaps and higher financing costs have cooled expectations, while artificial intelligence has shifted from a tool that speeds up deals to the prize buyers are chasing, according to law firm Dykema’s 22nd annual M&A …

Wealth management firms are continuing to explore how their clients can leverage initial public offerings and how artificial intelligence-related technology will change the advisor-client relationship.   Scott Victoria, President of TradePMR, discusses opportunities ahead for RIAs and how AI plays a role in the evolving wealth space.  Robinhood acquired TradePMR last year.  The following responses have …

Tether and London-based Fasanara Capital have launched StableFund, an evergreen private credit vehicle backed by $400 million in sponsor co-investment and designed to raise as much as $3 billion from outside institutional investors. The fund will invest in short-duration, asset-backed credit opportunities sourced through Fasanara’s global fintech lending network. Its strategy will focus on financing …

The Federal Reserve held its benchmark interest rate steady Wednesday, pausing after September’s increase as policymakers weighed persistent inflation against the effects of higher borrowing costs. The decision has shifted attention to the timing of another potential hike and whether elevated Treasury yields will continue tightening financial conditions on their own. The Federal Open Market …