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ArcLight Capital Partners has committed $1 billion of equity from its funds to launch Anchor Point Transmission, an independent company seeking to develop, finance, own and operate high-voltage power infrastructure across the United States. Anchor Point plans to partner with utilities on transmission projects needed to accommodate rising electricity demand from data centers, domestic manufacturing …

The Los Angeles Water and Power Employees’ Retirement Plan approved $175 million in commitments to two Kayne Anderson real estate funds, expanding its U.S. property exposure despite holding slightly more than its target allocation. The $26 billion pension system’s board of trustees approved a $100 million commitment to the Kayne Anderson Real Estate Core Fund …

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 …

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 …

Aquiline has agreed to acquire a controlling interest in Flourish, a MassMutual-owned wealth technology platform that helps independent registered investment advisors extend their services beyond traditional portfolio management. New York-based Flourish provides advisor-led cash-management and home-lending products designed to help RIAs retain more of their clients’ financial relationships. The platform works with more than 1,300 …

Springline Advisory has acquired Wisconsin-based Vesta CPA, bolstering the firm’s presence in the state.  Fond du Lac, WI-based Vesta CPA was initially founded in 1981 by Wayne Huberty as Huberty & Associates and later rebranded in September 2023. The firm provides wealth, financial, and tax planning and wealth management services for high-net-worth clients, including business …

Nonfarm payrolls increased by 162,000 in August, nearly triple the 55,000 consensus estimate, while the unemployment rate held at 4.1%, the Bureau of Labor Statistics reported. The gain was well above the 31,000 monthly average over the previous 12 months. Previous payroll readings were revised higher. June employment increased by 31,000, up from the initially …

Executive Summary The Treasury market is delivering an unusually divided assessment of the U.S. economy. The 10-year/2-year spread narrowed to 39 basis points last week, down sharply from 50 basis points a week earlier and approaching its 2026 low of 22 basis points. At the same time, the 10-year/three-month spread stood at 83 basis points, …

Aquiline has agreed to acquire a controlling interest in Flourish, a MassMutual-owned wealth technology platform that helps independent registered investment advisors extend their services beyond traditional portfolio management. New York-based Flourish provides advisor-led cash-management and home-lending products designed to help RIAs retain more of their clients’ financial relationships. The platform works with more than 1,300 …

Summit Wealth Group has acquired Financial Investment Team, a Portland, Oregon-based financial planning practice managing approximately $224 million for about 300 clients. The transaction establishes Summit’s first Pacific Northwest branch and expands its network to 12 offices across six states, according to the company announcement. Financial terms were not disclosed. All seven FIT employees, including …

ArcLight Capital Partners has committed $1 billion of equity from its funds to launch Anchor Point Transmission, an independent company seeking to develop, finance, own and operate high-voltage power infrastructure across the United States. Anchor Point plans to partner with utilities on transmission projects needed to accommodate rising electricity demand from data centers, domestic manufacturing …

Pantheon has opened its Global Infrastructure Secondaries Fund to subscriptions, giving eligible investors outside the U.S. access to the firm’s institutional infrastructure strategy through an evergreen vehicle. The Luxembourg-domiciled fund, known as PGIS, received regulatory approval in April after filing for registration earlier in 2026. It is available to eligible institutional and qualified investors through …

Blue Owl Capital Inc.-managed funds are leading a $2.4 billion equipment financing for IREN Ltd. to expand the AI cloud provider’s computing capacity at its Mackenzie data center campus in British Columbia, Canada. The financing combines a $1.2 billion senior secured term loan with $1.2 billion of senior secured notes. IREN plans to use the …

Nonfarm payrolls increased by 162,000 in August, nearly triple the 55,000 consensus estimate, while the unemployment rate held at 4.1%, the Bureau of Labor Statistics reported. The gain was well above the 31,000 monthly average over the previous 12 months. Previous payroll readings were revised higher. June employment increased by 31,000, up from the initially …

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 …

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 …

Nonfarm payrolls increased by 162,000 in August, nearly triple the 55,000 consensus estimate, while the unemployment rate held at 4.1%, the Bureau of Labor Statistics reported. The gain was well above the 31,000 monthly average over the previous 12 months. Previous payroll readings were revised higher. June employment increased by 31,000, up from the initially …