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ERP 1031 has fully subscribed its fourth Delaware statutory trust offering, raising $36.15 million in equity from accredited investors for net-lease industrial properties serving the Permian Basin’s energy industry. The closing of ERP 1031 Industrial Portfolio IV DST brings the Midland, Texas-based firm’s transaction volume in the DST market to approximately $227 million in debt …

Four New York City pension funds have committed $300 million to the AFL-CIO Housing Investment Trust, becoming the fund’s largest investor while expanding a long-running partnership focused on affordable and workforce housing. The commitment is the largest allocation the city systems have made to the trust and forms part of Comptroller Mark Levine’s plan to …

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 …

Asset-tokenized platform Securitize has launched the Neuberger Securitize High Income Tokenized Fund, marking it as the first high-yield bond fund with investment manager Neuberger Berman.  The fund aims to attract risk-adjusted returns by investing primarily in high-yield and fixed-income investments across public blockchain networks such as Avalanche, Ethereum, Solana, and Sui.  The move comes as …

Registered investment advisor RFG Advisory has merged with two of its platforms to launch a wealth management firm.  The two firms, Louisiana-based Williams Financial Advisors and Alabama-based Volare Wealth Advisors, have joined together to form WFA Volare, which manages $750 million in assets.  The newly formed RIA brings together a 16-person team, which focuses on …

OnePoint BFG Wealth Partners has lured a Florida-based financial advisory team from Northwestern Mutual, where they oversaw $400 million in assets under management.   Tampa, FL-based Bast Financial Group, which is led by founder and private wealth advisor Rebecca Bast, provides wealth management services, including financial planning and multigenerational wealth transfer, to high-net-worth clients, including business …

Federal Reserve Vice Chair for Supervision Michelle Bowman said that the Fed board will consider final changes to its bank stress testing framework in the coming weeks. The proposals would make the models more transparent and reduce swings in the capital requirements that result from annual tests. The board has yet to approve them. Speaking …

The Federal Reserve raised interest rates by a quarter point Wednesday, delivering its first increase since July 2023 as persistent inflation and higher energy costs forced policymakers to reverse course after easing policy in 2024 and 2025. The Federal Open Market Committee voted unanimously to lift the federal funds rate’s target range to 3.75% to …

Arca has selected Altruist as its preferred custodian and technology partner, integrating the custodian’s real-time application programming interface into its proprietary artificial intelligence platform. The integration will allow Arca’s AI agents to support account administration and other operational workflows, reducing manual tasks for advisors while maintaining human oversight of client relationships. Arca emerged from stealth …

Wealth management firms are expanding beyond conventional portfolio management to meet client demand for sophisticated financial planning, driving rapid adoption of specialized tax optimization and estate planning technology, according to new research from Boston-based consulting firm Cerulli Associates. The shift comes as financial advisors broaden their service offerings to capture wealthier client demographics. According to …

Carlyle has closed its second infrastructure credit fund with approximately $2.3 billion in commitments, exceeding its $2 billion target. Carlyle Infrastructure Credit Fund II is more than three times larger than its $643 million predecessor. The fund attracted institutional investors from North America, Europe and Asia. CICF II provides directly originated, privately negotiated financing to …

Vantage Data Centers has closed a $2 billion financing facility to fund early-stage development across North America. The five-year revolving facility, including extension options, begins with three development assets as collateral and allows Vantage to add properties over time. Structured as a warehouse facility, the financing can support projects during their development phase before they …

Federal Reserve Vice Chair for Supervision Michelle Bowman said that the Fed board will consider final changes to its bank stress testing framework in the coming weeks. The proposals would make the models more transparent and reduce swings in the capital requirements that result from annual tests. The board has yet to approve them. Speaking …

Global hedge funds grew more cautious toward artificial intelligence stocks in August as the industry’s infrastructure expansion increasingly shifted toward debt financing, raising questions about whether future cash flows will cover mounting borrowing costs. None of the Magnificent Seven companies recorded an increase in long fund participation during the month, according to Data Insights’ August …

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 …

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 …

SoftBank Group launched an offering equivalent to more than $11 billion to fund its latest OpenAI investment, testing investor demand for one of the largest speculative-grade corporate bond transactions on record. The Japanese investment conglomerate is marketing $10 billion of dollar-denominated senior unsecured notes and €1 billion, or about $1.15 billion, of euro-denominated debt, according …

PGIM has expanded its active exchange-traded fund lineup with two core equity strategies managed by Jennison Associates, targeting market segments that can help investors diversify beyond large U.S. companies. The PGIM Jennison Small-Mid Cap Core Equity ETF trades on NYSE Arca under the ticker PJSM. Under normal market conditions, the fund invests at least 80% …