Latest News

Cunat Inc. has launched Cunat Exchange X DST, seeking $56.17 million in equity from accredited investors for a newly developed apartment community in McHenry, Illinois. The offering, the firm’s 10th Delaware statutory trust, owns The Residence of Fox Meadows, a 540-unit property that Cunat developed and sold to the trust for $135 million. Cunat will …

The Firemen’s Annuity and Benefit Fund of Chicago approved $55 million in commitments to three real estate funds, adding value-add and middle-market strategies as its existing core property portfolio continues to post modest returns. The largest commitment, $35 million, went to Crow Holdings Realty Partners Fund. Dallas-based Crow Holdings targets U.S. value-add investments, emphasizing industrial …

Vestmark has partnered with asset management firm Allspring Global Investments to enable registered investment advisors to develop tax-based model portfolios.  Vestmark will combine Allspring’s actively managed investment solutions with the platform’s technology, trading and tax capabilities to help advisors manage open-architecture portfolios, including asset allocation and portfolio construction.  Additionally, the tax-aware solution, which was built …

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 …

KeyBanc Capital Markets Inc., the corporate and investment banking unit of KeyCorp., has agreed to acquire Atlantic-Pacific Capital, Inc., a private capital advisor for financial sponsors. Founded in 1995 by Chairman James Manley, Atlantic-Pacific Capital offers fund placement, direct private placement, and secondary advisory capabilities across private equity, real estate, private credit, and real assets. …

Anthropic has launched its roadshow for its initial public offering, setting the stage for one of the largest stock market debuts on record. The artificial intelligence company plans to sell 825 million shares of Class A common stock at $70 to $78 each, according to the company’s amended S-1 filing with the SEC. Anthropic is …

Executive Summary Skeptics of the AI-fueled stock rally have long warned of a bubble, and last Thursday gave them their strongest evidence yet. Whether AI is a bubble or a richly valued growth story is still an open question. What’s clear is that the technology is already reshaping industries, and the hard part is deciding …

U.S. consumer prices rose 0.4% in October on a seasonally adjusted basis, slowing from a 0.6% increase in September as energy prices climbed at a much slower pace, the Bureau of Labor Statistics reported. Food prices picked up, while shelter accounted for more than 30% of the overall monthly increase. Core consumer prices, which exclude …

A financial advisory team has broken away from UBS and has launched independent registered investment advisor Cleros Wealth Partners with $3.61 billion in assets under supervision.  Cleros Wealth is led by founding partners Kyle Kight, Alex Armstrong, and Jamie Packer, and provides financial planning, investment management, and wealth management services to high-net-worth clients, endowments, and …

Registered investment advisory firm Modera Wealth Management has acquired a California-based wealth management firm, establishing the firm’s entry into the West Coast.  Newport Beach, CA-based RS Crum, which oversees about $750 million in assets under management, was founded in 1976 and is led by Mark Rylance, Jon Theriault, and Daniel Sexton.  As part of the …

I Squared Capital has closed its second infrastructure credit fund at more than $2.4 billion, more than four times the size of its predecessor. Including more than $600 million in commitments and expected commitments to co-investment vehicles, total commitments to ISQ Global Infrastructure Credit Fund II reached $3 billion, double the strategy’s original $1.5 billion …

The race to build data centers for artificial intelligence is reshaping commercial real estate finance, and lenders are being forced to look past the usual real estate metrics. An updated report from the CRE Finance Council outlines how the market for data center debt has grown, and why power supplies, tenant concentration and higher rates …

Hedge funds lost 1.4% in October as technology and growth strategies led a second straight monthly decline for equity hedge managers, according to HFR. About 60% of funds in the HFRI Fund Weighted Composite Index posted losses, and the gap between the strongest and weakest performers widened from September. The composite’s decline followed a 0.7% …

The race to build data centers for artificial intelligence is reshaping commercial real estate finance, and lenders are being forced to look past the usual real estate metrics. An updated report from the CRE Finance Council outlines how the market for data center debt has grown, and why power supplies, tenant concentration and higher rates …

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 …

Hedge funds lost 1.4% in October as technology and growth strategies led a second straight monthly decline for equity hedge managers, according to HFR. About 60% of funds in the HFRI Fund Weighted Composite Index posted losses, and the gap between the strongest and weakest performers widened from September. The composite’s decline followed a 0.7% …

Executive Summary Skeptics of the AI-fueled stock rally have long warned of a bubble, and last Thursday gave them their strongest evidence yet. Whether AI is a bubble or a richly valued growth story is still an open question. What’s clear is that the technology is already reshaping industries, and the hard part is deciding …