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GFH Partners has sold a portfolio of 10 U.S. industrial outdoor storage properties for $113 million, completing its fifth logistics exit in six years. The Dubai-based investment manager, the global real assets investment arm of GFH Bank, managed the vehicle that owned the properties. The sale closed Oct. 22. The portfolio comprised eight properties in …

Kraft Heinz has agreed to sell control of its North American coffee business to an affiliate of private equity firm One Rock Capital Partners in a deal that values the business at $650 million, including debt. The food company expects to use about $500 million in after-tax cash proceeds to pay down debt. Kraft Heinz …

Victory Park Capital has launched a tokenized feeder fund providing access to its private asset-backed credit strategy, adding blockchain-based distribution and payment capabilities. The AltsABF Tokenized Feeder Fund, known as VALTS, invests in Privacore VPC Asset Backed Credit Fund, or AltsABF, a continuously offered, non-listed interval fund launched in January. VPC, a private credit and …

Montreal-based Sagard, an alternative asset management firm, has expanded 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 …

Kraft Heinz has agreed to sell control of its North American coffee business to an affiliate of private equity firm One Rock Capital Partners in a deal that values the business at $650 million, including debt. The food company expects to use about $500 million in after-tax cash proceeds to pay down debt. Kraft Heinz …

Standard Solar has acquired two ground-mounted solar projects in eastern Washington from OneEnergy Renewables, adding 15.79 megawatts of planned generating capacity and expanding its portfolio of distributed energy assets. The acquisitions mark the companies’ first projects together in Washington. Financial terms were not disclosed. Palouse Junction, located in Connell, will have 12.1 MW of direct-current …

Executive Summary Every cycle has a moment when the instrument built to warn you stops working the way you expect. Last week, single-name default swaps on the largest AI spenders blew out to record levels, while the index investors use to hedge credit risk tightened. When the hedge and the risk move in opposite directions, …

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 …

BetaNXT, a wealth management technology provider, has partnered with Pave Finance, an AI-powered portfolio management platform, to broaden its technology and automation capabilities.  The partnership will enable financial advisors and registered investment advisors to utilize Pave’s software platform uses to construct personalized portfolios that cater to client goals, tax considerations, existing holdings, investment preferences and …

Wealth management dealmaking remained near record levels in the third quarter, but the market’s structure is evolving: Private equity investors are supplying capital through minority stakes in large platforms, while strategic acquirers pursue outright purchases and specialized capabilities, according to Echelon Partners. The investment bank tracked 125 announced transactions, tying the second-highest quarterly total on …

Standard Solar has acquired two ground-mounted solar projects in eastern Washington from OneEnergy Renewables, adding 15.79 megawatts of planned generating capacity and expanding its portfolio of distributed energy assets. The acquisitions mark the companies’ first projects together in Washington. Financial terms were not disclosed. Palouse Junction, located in Connell, will have 12.1 MW of direct-current …

New Holland Capital, a New York-based multi-strategy investment manager, has formed a strategic partnership with Foundation Credit, an alternative asset manager focused on U.S. municipal credit and infrastructure debt. As part of the deal, New Holland will acquire a majority stake in Foundation and invest in its municipal credit and infrastructure debt strategies. The firms …

Kraft Heinz has agreed to sell control of its North American coffee business to an affiliate of private equity firm One Rock Capital Partners in a deal that values the business at $650 million, including debt. The food company expects to use about $500 million in after-tax cash proceeds to pay down debt. Kraft Heinz …

Fitch’s private credit default rate reached 6.3% for in the third quarter. That is the highest quarterly reading on record, up from 6% in the second quarter and unchanged from August. The rate has risen every quarter since the third quarter of 2025. Fitch recorded 27 private credit default events in the third quarter from …

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 …

CVS Health said Wednesday it intends to separate into two independent, publicly traded companies, following a strategic review by the CVS Health board of directors. The two companies will focus on healthcare solutions and retail pharmacies, respectively. To be known as CVS Health, in the interim, the healthcare solutions company will comprise the Aetna, CVS …

Executive Summary Every cycle has a moment when the instrument built to warn you stops working the way you expect. Last week, single-name default swaps on the largest AI spenders blew out to record levels, while the index investors use to hedge credit risk tightened. When the hedge and the risk move in opposite directions, …