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ExchangeRight has fully subscribed Net-Leased All-Cash 20 DST, a $17.8 million debt-free retail portfolio that expands the potential acquisition pipeline for its Essential Income REIT. The Delaware statutory trust owns six properties totaling 75,237 square feet across Texas, South Carolina and Alabama. Tenants include Tractor Supply, Dollar General, NAPA Auto Parts, Dollar Tree and O’Reilly …

The Securities and Exchange Commission’s examiners will focus on private credit, complex retail products and emerging technologies, including superintelligence, in the coming fiscal year, according to the Division of Examinations’ fiscal 2027 priorities released by the agency. The annual report flags areas the division believes pose heightened risks to investors or market integrity and will …

William Blair, an investment banking platform, has acquired Armentum Partners, a debt and alternative capital solutions advisory firm, in a deal to broaden the firm’s asset-based lending and monetization capabilities.  The transaction also expands William Blair’s capital markets and debt advisory solutions and marks the firm’s second investment banking acquisition of the year, following its …

55ip, a fintech platform and a subsidiary of JP Morgan Asset Management, is expanding its unified managed account offering for RIA channels.  The platform’s UMA offerings include model portfolios with separately managed accounts from JP Morgan Asset Management and BlackRock.   The firm expects more asset managers to be added later this year.  The offering, 55ip …

Nelson Peltz’s Trian Fund Management submitted a nonbinding proposal Wednesday to take Wendy’s private for $7.35 a share in cash, offering shareholders a roughly 20% premium as the burger chain works to reverse declining sales. The offer values Wendy’s equity at approximately $1.4 billion, according to the Wall Street Journal. Trian and affiliated parties, which …

Apollo has agreed to acquire a minority equity stake in Mubadala Capital, deepening its relationship with the Abu Dhabi-backed alternative asset manager while committing capital across the firm’s investment strategies. Additional strategic investors will also become minority shareholders. Together with Apollo, they are expected to commit $5 billion to Mubadala Capital’s strategies at the initial …

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 …

LPL Financial’s advisor recruiting pipeline and expanding institutional relationships continue to support the firm’s organic growth strategy, according to Chief Executive Officer Rich Steinmeier.  He stated on the firm’s earnings call that the firm’s advisor recruiting efforts are “progressing at the normal cadence that we’ve seen at historical levels” and that advisors who ultimately choose …

The Securities and Exchange Commission’s examiners will focus on private credit, complex retail products and emerging technologies, including superintelligence, in the coming fiscal year, according to the Division of Examinations’ fiscal 2027 priorities released by the agency. The annual report flags areas the division believes pose heightened risks to investors or market integrity and will …

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 …

KKR has agreed to sell Infinity Transportation to funds managed by Ares Management at an enterprise value of approximately $2.9 billion, transferring a major North American railcar leasing platform to Ares’ infrastructure and insurance investment businesses. The buyers are Ares Infrastructure Equity and Ares Insurance Solutions funds. Atlanta-based Infinity owns and manages approximately 50,000 railcars …

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 …

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 …

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 …