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Trimontium, a credit-focused alternative asset manager founded by former Blackstone executive Vlado Spasov, has launched with $1.5 billion in assets under management, backed by institutional investors collectively overseeing more than $15 trillion. The London-based firm raised capital from partners across the U.S., Canada, Asia, and Australia without the use of placement agents. Trimontium said the …

Balbec Capital has acquired Funding 365, a U.K.-based specialist property lender, in a move that expands the investment firm’s footprint in the British residential credit market and gives it direct control over loan origination and servicing. Financial terms of the transaction were not disclosed. The acquisition includes Funding 365’s origination platform, existing loan portfolio and …

Figure Technology Solutions is making a bold move to expand its blockchain-based capital markets platform, announcing a $717 million agreement to acquire Kiavi, an AI-powered lending platform serving residential real estate investors. The deal includes a joint venture with Sixth Street to purchase loans off Kiavi’s balance sheet. Kiavi has spent 13 years building a …

Morgan Stanley Wealth Management has launched a new referral arrangement with Galaxy Digital designed to help eligible clients more efficiently integrate digital assets into traditional investment portfolios. The program allows qualified Morgan Stanley clients to lend cryptocurrencies, including Bitcoin, Ether and Solana, to Galaxy and receive shares of exchange-traded products with exposure to spot digital …

Securitize has expanded its Tokenized AAA CLO Fund (STAC) to the Solana blockchain, with Ethena Labs planning to allocate $250 million to the strategy in what would rank among the largest commitments to tokenized structured credit on the network to date. STAC employs a fundamentals-driven investment strategy without the use of leverage, investing substantially all …

Wafra has agreed to acquire Navitas Credit Corp. from United Community Bank for $1.9 billion in cash, expanding its presence in specialty finance and equipment leasing. The acquisition will be made through investment funds advised by Wafra and is expected to close in the third quarter of 2026. Founded in 2008, Navitas specializes in financing …

Alan Greenspan, the influential economist who served as chairman of the Federal Reserve under four U.S. presidents and helped shape monetary policy for nearly two decades, died Monday at the age of 100. His wife, veteran NBC News journalist Andrea Mitchell, said he died at home from complications related to Parkinson’s disease. “He was a …

Kevin Warsh has chaired his first Federal Open Market Committee meeting, and he wasted no time making clear this is a different central bank. The FOMC held the federal funds rate at 3.50%–3.75% on Wednesday, the fourth consecutive meeting without a move. The decision was unanimous and widely expected. What wasn’t fully priced in was …

Pathstone has combined with Mill Creek Capital Advisors, strengthening its presence in the Philadelphia region and expanding its capabilities serving ultra-high-net-worth families, single-family offices and institutional clients. The transaction, which became effective June 1, brings together two independent registered investment advisory firms with a shared focus on customized wealth management and family office services. Founded …

A five-person financial advisory team has ditched Wells Fargo to join Osaic Wealth, where they collectively managed about $300 million in total client assets.  Waterloo, IA–based Signature Private Wealth Management, led by Robert “Bob” Mundell, is a family-led advisory team that provides wealth management services, including financial planning.  The team includes advisors Isaiah Mundell, Erica Johnson, and Tyler Johnson, and is supported by operations manager Jocelyn Green, Osaic said.  Signature Private …

Conifer Infrastructure Partners has closed its inaugural investment vehicle, Conifer Infrastructure Partners I, LP, at its $900 million hard cap, exceeding its initial $500 million target and completing fundraising in less than five months. The fund will invest in infrastructure platforms focused on the energy and critical materials sectors, areas Conifer believes are poised to …

Cypress Creek Energy has closed financing for the first two phases of its Steel River Energy Center, securing $3.5 billion to fund construction and operations for a large-scale solar and storage buildout. Phases 1 and 2 will add 1.63 gigawatts of solar capacity and 1.9 gigawatt-hours of battery storage to the regional grid, with the …

Morningstar Wealth is expanding its model portfolio lineup with a new series that combines public market investments with private credit and real estate, partnering with Apollo, Franklin Templeton and J.P. Morgan Asset Management to provide the underlying strategies. The Morningstar Public/Private Select Series will pair public equity and fixed-income strategies from Franklin Templeton and J.P. …

The U.S. exchange-traded fund industry continues to expand at a rapid pace, with active ETFs driving a record wave of product launches even as issuers become more willing to shutter underperforming strategies, according to new research from Cerulli Associates. The number of ETFs available to investors has nearly doubled in four years, growing from 2,692 …

Figure Technology Solutions is making a bold move to expand its blockchain-based capital markets platform, announcing a $717 million agreement to acquire Kiavi, an AI-powered lending platform serving residential real estate investors. The deal includes a joint venture with Sixth Street to purchase loans off Kiavi’s balance sheet. Kiavi has spent 13 years building a …

Moomoo is expanding its cryptocurrency trading business into Texas while introducing a new feature that allows U.S. users to transfer digital assets directly between external wallets and their platform accounts. The global investment and trading platform said Texas-based investors can now trade 52 cryptocurrencies through Moomoo Crypto with zero commissions and transaction fees as low …

The U.S. exchange-traded fund industry continues to expand at a rapid pace, with active ETFs driving a record wave of product launches even as issuers become more willing to shutter underperforming strategies, according to new research from Cerulli Associates. The number of ETFs available to investors has nearly doubled in four years, growing from 2,692 …

Alan Greenspan, the influential economist who served as chairman of the Federal Reserve under four U.S. presidents and helped shape monetary policy for nearly two decades, died Monday at the age of 100. His wife, veteran NBC News journalist Andrea Mitchell, said he died at home from complications related to Parkinson’s disease. “He was a …