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OrbiMed has raised approximately $3 billion across two private equity funds targeting healthcare companies in the United States, Europe and Asia, expanding its investment capacity across biopharmaceuticals, medical devices, diagnostics and tech-enabled healthcare services. OrbiMed Private Investments X secured more than $1.9 billion for life sciences venture capital investments in the U.S. and Europe. OrbiMed …

U.S. life insurers are increasingly using rated note feeders to access private credit, seeking higher yields and favorable capital treatment while taking on risks that can be difficult for outside stakeholders to assess, according to Moody’s Ratings. The vehicles provide exposure to strategies including direct lending, infrastructure, asset-based finance and commercial real estate. Moody’s identifies …

Wellesley Hills Financial, a digital investment bank, which serves the lower- to upper-middle market, has launched an advisory practice.  The unit, named WHF Fintech & Payments Institute, provides services to fintech, payments, and B2B software companies.  The Institute team includes senior advisor O.B. Rawls, founding team lead Mark Bishopp, founder and managing member Adam Hark, …

Bitwise Asset Management has brought its crypto model portfolios to Vise Technologies, Inc., making them available to wealth firms using a platform that serves more than 135,000 accounts and has over $140 billion in platform assets. The rollout gives advisors a way to include crypto exposure within a client’s broader portfolio of stocks, bonds and …

Simplicity Group has acquired two financial advisory firms, Denver-based MAIA Wealth and Chicago-based Zen Wealth Management Group, expanding its wealth management footprint in the Rocky Mountain region and adding tax planning expertise. Financial terms and acquired assets under management were not disclosed. Key members of MAIA Wealth’s team, including Scott Marek, Chandler te Velde and …

Technology companies are navigating a shifting financing environment marked by selective venture investment, greater competition from private credit and a still-evolving market for initial public offerings. Mike Lederman, head of Western Alliance Bank’s Innovation Banking Group, has a front-row view of those changes through the bank’s work with companies across the growth cycle, from early-stage …

Wholesale prices surged in September as energy costs spiked, posting the largest monthly increase in more than four years, the Bureau of Labor Statistics reported. The Producer Price Index for final demand rose a seasonally adjusted 1.3% in September, following increases of 0.5% in August and 0.2% in July. It was the biggest monthly gain …

Executive Summary Rising Treasury yields have been painful for bondholders, but they are also creating income opportunities investors haven’t seen in nearly two decades. With the forces driving rates higher showing few signs of fading, the challenge for investors is less about predicting the peak and more about structuring portfolios that can adapt to whatever …

Simplicity Group has acquired two financial advisory firms, Denver-based MAIA Wealth and Chicago-based Zen Wealth Management Group, expanding its wealth management footprint in the Rocky Mountain region and adding tax planning expertise. Financial terms and acquired assets under management were not disclosed. Key members of MAIA Wealth’s team, including Scott Marek, Chandler te Velde and …

VestGen Wealth Partners, a Chicago-based wealth management platform, has secured growth capital from Willow Tree Credit Partners. Financial terms were not disclosed. “After launching only two years ago and successfully integrating 19 firms representing $7.5 billion in assets primarily in the Midwest, access to institutional capital will allow us to continue our aggressive growth strategy,” …

Blackstone has closed Blackstone Energy Transition Partners V at $8.7 billion, reaching its hard cap. The oversubscribed fund is more than 50% larger than its predecessor. Its investment period began in June, and it has already financed three platform companies and completed three acquisitions. The platforms—Kindle, Fisterra and Viridon—support management teams developing and operating power …

Zocks, an artificial intelligence platform, has partnered with TruChoice Financial Group, an AmeriLife company and insurance and retirement planning solutions provider, to streamline various workflow activities.  Through the partnership, members that are affiliated with TruChoice will be enabled to leverage Zock’s services to help restructure various administrative tasks, including client meetings to managing issued life …

Strong investment returns have pushed U.S. public pension funding to its best level in nearly two decades. But with stock market gains concentrated in a small group of AI-related companies and more than $1 trillion in unfunded liabilities remaining, researchers caution that the recovery depends heavily on markets continuing to cooperate. State and local pension …

Blackstone has closed Blackstone Energy Transition Partners V at $8.7 billion, reaching its hard cap. The oversubscribed fund is more than 50% larger than its predecessor. Its investment period began in June, and it has already financed three platform companies and completed three acquisitions. The platforms—Kindle, Fisterra and Viridon—support management teams developing and operating power …

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 …

Technology companies are navigating a shifting financing environment marked by selective venture investment, greater competition from private credit and a still-evolving market for initial public offerings. Mike Lederman, head of Western Alliance Bank’s Innovation Banking Group, has a front-row view of those changes through the bank’s work with companies across the growth cycle, from early-stage …

Strong investment returns have pushed U.S. public pension funding to its best level in nearly two decades. But with stock market gains concentrated in a small group of AI-related companies and more than $1 trillion in unfunded liabilities remaining, researchers caution that the recovery depends heavily on markets continuing to cooperate. State and local pension …