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Colbeck Capital Management has launched Colbeck Strategic Income, a new direct lending vertical backed by approximately $400 million in initial capital commitments from a mix of existing clients and new investors. The vehicle targets first-lien senior secured loans to middle-market companies and is designed to complement the firm’s existing Colbeck Strategic Lending platform, which manages …

Cohen & Steers has launched the Cohen & Steers Real Assets Active ETF, expanding the firm’s actively managed exchange-traded fund lineup with a diversified strategy spanning listed real estate, infrastructure, natural resources and commodities in a single vehicle. The ETF trades on the NYSE Arca under the ticker CSRA. “We believe we have entered an …

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 …

OpenWorld Ltd. and Blockchain.com have entered a strategic partnership to expand real-world asset (RWA) tokenization and institutional access across global digital asset markets. As part of the agreement, Blockchain.com has also made a strategic investment in OpenWorld. The multi-year collaboration will integrate Blockchain.com’s trading, liquidity, and balance sheet capabilities directly into OpenWorld’s tokenization and advisory …

Nth Cycle Inc., a critical minerals refiner focused on reshoring strategic supply chains, has agreed to merge with Kensington Capital Acquisition Corp. VI in a deal that values the company at an implied enterprise value of $585 million. The transaction will take Nth Cycle public as Nth Cycle Holdings, Inc., with shares expected to trade …

EnCap Flatrock Midstream has agreed to sell portfolio company Momentum Midstream, known as M6, to The Williams Companies for as much as $5.5 billion. The consideration consists of $3.5 billion in cash and assumed debt and approximately $2 billion in Williams equity. EnCap Flatrock is M6’s financial sponsor. Houston-based M6 owns more than 4,000 miles …

U.S. producer prices were unchanged in July as declining goods costs balanced out increases across services and construction, according to data released by the Bureau of Labor Statistics. The Producer Price Index for final demand remained flat on a seasonally adjusted basis after edging down 0.1% in June and advancing 0.5% in May. Over the …

Executive Summary Japan and the United States recently jointly intervened to support the yen after the currency weakened to nearly ¥164 per dollar, its lowest level in roughly four decades. The operation briefly drove the yen to ¥155.20, its strongest level since May, before it surrendered part of the gain and settled near ¥157.50. The …

The first wave of private markets adoption in the wealth channel was largely about access — getting products onto platforms, educating advisors on the basics, and convincing skeptical clients that alternatives belonged in their portfolios. That wave has largely crested. Now, with public equity markets near all-time highs and private markets embedded across a growing …

Independent Financial Partners has recruited Van Horn Financial Services and Severn Financial Advisors, adding more than $400 million in client assets from two practices previously affiliated with Commonwealth Financial Network. The additions bring IFP’s total recruitment from Commonwealth to four teams comprising 10 advisors and approximately $1.2 billion in client assets. Van Horn Financial Services …

Cohen & Steers has launched the Cohen & Steers Real Assets Active ETF, expanding the firm’s actively managed exchange-traded fund lineup with a diversified strategy spanning listed real estate, infrastructure, natural resources and commodities in a single vehicle. The ETF trades on the NYSE Arca under the ticker CSRA. “We believe we have entered an …

Nth Cycle Inc., a critical minerals refiner focused on reshoring strategic supply chains, has agreed to merge with Kensington Capital Acquisition Corp. VI in a deal that values the company at an implied enterprise value of $585 million. The transaction will take Nth Cycle public as Nth Cycle Holdings, Inc., with shares expected to trade …

EnCap Flatrock Midstream has agreed to sell portfolio company Momentum Midstream, known as M6, to The Williams Companies for as much as $5.5 billion. The consideration consists of $3.5 billion in cash and assumed debt and approximately $2 billion in Williams equity. EnCap Flatrock is M6’s financial sponsor. Houston-based M6 owns more than 4,000 miles …

Vantage Data Centers and Nebius have agreed to deploy high-density, NVIDIA-powered infrastructure at Vantage’s Newport, Wales, campus, adding domestic computing capacity as the United Kingdom seeks to expand its artificial intelligence economy. The project represents the first announced commercial capacity commitment in the South Wales AI Growth Zone, according to the companies. Nebius will lease …

U.S. employers unexpectedly shed 23,000 jobs in July, falling far short of the 88,000 gain projected by economic consensus, according to data released by the U.S. Bureau of Labor Statistics. The drop was compounded by sharp downward revisions to prior months. May payroll additions were revised down by 66,000 to 63,000, while June figures were …

Executive Summary Inflation expectations have fallen sharply following last week’s benign CPI and PPI prints, yet the market continues to price a meaningful probability of an interest rate hike by the Federal Reserve — a disconnect that appears mispriced. On balance, the Fed will likely look through the near-term energy spike and hold rates steady …

Cohen & Steers has launched the Cohen & Steers Real Assets Active ETF, expanding the firm’s actively managed exchange-traded fund lineup with a diversified strategy spanning listed real estate, infrastructure, natural resources and commodities in a single vehicle. The ETF trades on the NYSE Arca under the ticker CSRA. “We believe we have entered an …