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Raymond James is expanding its investment banking capabilities with the creation of a dedicated Leveraged Finance & Debt Advisory group, anchored by the hires of Drew Weisman as senior managing director and head of the unit, and Alvin Ng as director. Based in New York, the newly formed group will advise corporate clients and financial …

Man Group has launched the Man Active Global Infrastructure ETF, extending its U.S. wealth offering to five exchange-traded funds. The actively managed fund trades on NYSE Arca under the ticker MGIN and seeks long-term capital growth through shares of listed infrastructure companies. The strategy can invest across energy, utilities, digital and communications infrastructure, and transportation …

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 …

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 …

Madison Dearborn Partners has agreed to acquire The Marygold Companies in an all-cash transaction that would expand the private equity firm’s holdings in financial services. The acquisition’s centerpiece is USCF, Marygold’s commodity-focused exchange-traded fund manager. USCF oversees approximately $6 billion and offers exposure to oil, natural gas, copper, broad commodities and equity income. Madison Dearborn …

Creative Planning has agreed to acquire RVK Inc., a Portland, Oregon-based institutional investment consultant, in a transaction that would substantially expand the registered investment advisor’s presence among pensions, endowments and other large asset owners. RVK advises more than 200 institutional clients representing approximately $4.3 trillion in assets. Its clients include public and private retirement plans, …

U.S. finance chiefs remain broadly optimistic about the economy, but the outlook is diverging by company size as smaller firms face greater difficulty covering costs and financing growth, according to a survey released Wednesday. The third-quarter CFO Survey, conducted by Duke University and the Federal Reserve Banks of Richmond and Atlanta, collected responses from 517 …

Executive Summary The Federal Reserve’s quarter-point increase to a 3.75% to 4% target range began its first tightening campaign since July 2023, with policymakers signaling that at least one more increase may be needed before year-end. Past hiking cycles have ranged from modest adjustments to the aggressive inflation-fighting campaigns of the 1970s and early 1980s. …

Portage has closed its fourth flagship venture fund with approximately $600 million, adding capital to invest in financial technology as artificial intelligence reshapes wealth management and other financial-services businesses. Portage Ventures IV attracted commitments from existing investors and new strategic limited partners, including financial technology provider Broadridge Financial Solutions and Fifth Third Bank. The fund …

Creative Planning has agreed to acquire RVK Inc., a Portland, Oregon-based institutional investment consultant, in a transaction that would substantially expand the registered investment advisor’s presence among pensions, endowments and other large asset owners. RVK advises more than 200 institutional clients representing approximately $4.3 trillion in assets. Its clients include public and private retirement plans, …

Man Group has launched the Man Active Global Infrastructure ETF, extending its U.S. wealth offering to five exchange-traded funds. The actively managed fund trades on NYSE Arca under the ticker MGIN and seeks long-term capital growth through shares of listed infrastructure companies. The strategy can invest across energy, utilities, digital and communications infrastructure, and transportation …

GridStor has closed a $220 million financing package to complete a utility-scale battery storage project in Arizona. The financing from ING Capital, KeyBank N.A. and Zions Capital Markets includes a tax equity bridge, construction debt and term debt for GridStor’s White Tank Reliability Project. The Maricopa County facility will provide 100 megawatts of power and …

Private equity firms expect intense competition for a limited supply of quality companies to push valuations higher, forcing managers to differentiate themselves through sector expertise, operational plans and faster execution, according to BDO USA’s 2026 Private Equity Survey. Eighty-two percent of respondents expect deal prices to increase over the next 12 months as accumulated dry …

Companies and other issuers raised more than $137 billion through 208 initial public offerings in the U.S. during the first half of 2026, according to updated Securities and Exchange Commission statistics. That compares with more than $27 billion through 180 IPOs a year earlier. IPO proceeds rose nearly 400%, while the number of offerings increased …

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 …

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 …

Man Group has launched the Man Active Global Infrastructure ETF, extending its U.S. wealth offering to five exchange-traded funds. The actively managed fund trades on NYSE Arca under the ticker MGIN and seeks long-term capital growth through shares of listed infrastructure companies. The strategy can invest across energy, utilities, digital and communications infrastructure, and transportation …

Madison Dearborn Partners has agreed to acquire The Marygold Companies in an all-cash transaction that would expand the private equity firm’s holdings in financial services. The acquisition’s centerpiece is USCF, Marygold’s commodity-focused exchange-traded fund manager. USCF oversees approximately $6 billion and offers exposure to oil, natural gas, copper, broad commodities and equity income. Madison Dearborn …