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Arax Advisory Partners, a unit of Arax Investment Partners, has partnered with KingsRock Advisors to roll out a broad selection of financial solutions to Arax’s clients.  The partnership combines Arax’s existing investment banking and wealth management capabilities with KingsRock’s private capital markets, corporate financing, and advisory solutions.   Through the collaboration, clients will gain access to …

ArcLight Capital Partners has completed its acquisition of a 50% stake in Invenergy AMPCI Thermal Power, or IATP, a 5.4-gigawatt portfolio of 11 power infrastructure assets across North America. Invenergy will keep its 50% interest and continue operating the portfolio. ArcLight bought the stake from InfraBridge, a division of DigitalBridge Group, under an agreement announced …

Wellesley Hills Financial, a digital investment bank, which serves the lower- to upper-middle market, has launched an advisory practice.  The unit, named WHF Fintech & Payments Institute, provides services to fintech, payments, and B2B software companies.  The Institute team includes senior advisor O.B. Rawls, founding team lead Mark Bishopp, founder and managing member Adam Hark, …

Bitwise Asset Management has brought its crypto model portfolios to Vise Technologies, Inc., making them available to wealth firms using a platform that serves more than 135,000 accounts and has over $140 billion in platform assets. The rollout gives advisors a way to include crypto exposure within a client’s broader portfolio of stocks, bonds and …

ArcLight Capital Partners has completed its acquisition of a 50% stake in Invenergy AMPCI Thermal Power, or IATP, a 5.4-gigawatt portfolio of 11 power infrastructure assets across North America. Invenergy will keep its 50% interest and continue operating the portfolio. ArcLight bought the stake from InfraBridge, a division of DigitalBridge Group, under an agreement announced …

Antin Infrastructure Partners has agreed to sell a majority stake in Vicinity Energy to Harrison Street Asset Management in a transaction valuing the district heating and cooling company at $2.92 billion. Harrison Street plans to complete the acquisition through a joint venture with Kenon Holdings. The companies did not disclose the ownership percentage being acquired. …

Executive Summary The repricing of the U.S. yield curve has changed the near-term rate outlook without materially altering long-run inflation expectations. In the United States, the markets are pricing roughly another 50-75 basis points of tightening over the next 12 months, while the implied long-horizon inflation rate remains close to 2.06%. That distinction matters as …

The Securities and Exchange Commission has proposed a package of rule changes aimed at widening individual investors’ access to private-market strategies through regulated investment vehicles.  The proposals are part of the SEC’s effort to promote what Chairman Paul Atkins called the “responsible retailization” of private markets. The agency said demand for private market investments is …

Arax Advisory Partners, a unit of Arax Investment Partners, has partnered with KingsRock Advisors to roll out a broad selection of financial solutions to Arax’s clients.  The partnership combines Arax’s existing investment banking and wealth management capabilities with KingsRock’s private capital markets, corporate financing, and advisory solutions.   Through the collaboration, clients will gain access to …

Registered investment advisor Concurrent Investment Advisors has added a Virginia-based wealth management firm, which manages $5.4 billion in total client assets, marking the firm’s addition to its RIA platform.  McLean, VA-based Spire Investment Partners, founded in 1997, offers customized solutions tailored to each advisor’s level of ownership and responsibility. The Hybrid RIA also offers support …

ArcLight Capital Partners has completed its acquisition of a 50% stake in Invenergy AMPCI Thermal Power, or IATP, a 5.4-gigawatt portfolio of 11 power infrastructure assets across North America. Invenergy will keep its 50% interest and continue operating the portfolio. ArcLight bought the stake from InfraBridge, a division of DigitalBridge Group, under an agreement announced …

Antin Infrastructure Partners has agreed to sell a majority stake in Vicinity Energy to Harrison Street Asset Management in a transaction valuing the district heating and cooling company at $2.92 billion. Harrison Street plans to complete the acquisition through a joint venture with Kenon Holdings. The companies did not disclose the ownership percentage being acquired. …

AT&T affiliates have agreed to form a U.S. fiber joint venture with affiliates of Global Infrastructure Partners and CPP Investments, bringing together two network platforms to accelerate broadband construction beyond AT&T’s traditional service areas. AT&T will own 50% of the venture, while GIP, part of BlackRock, and CPP Investments will collectively own the remaining half.   …

Kahua has secured a minority growth investment from Bain Capital’s Tech Opportunities unit at a valuation above $1 billion, giving the construction-software company fresh capital to expand its artificial-intelligence capabilities and scale its platform for large, complex capital programs. The transaction follows Kahua’s achievement of $100 million in annualized revenue and positions the Alpharetta, Georgia-based …

Bitwise Asset Management has brought its crypto model portfolios to Vise Technologies, Inc., making them available to wealth firms using a platform that serves more than 135,000 accounts and has over $140 billion in platform assets. The rollout gives advisors a way to include crypto exposure within a client’s broader portfolio of stocks, bonds and …

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 …

Executive Summary The repricing of the U.S. yield curve has changed the near-term rate outlook without materially altering long-run inflation expectations. In the United States, the markets are pricing roughly another 50-75 basis points of tightening over the next 12 months, while the implied long-horizon inflation rate remains close to 2.06%. That distinction matters as …

Asset manager BlackRock is planning to add Exchange-Traded Fund share classes on five active mutual funds, according to filings with the U.S. Securities and Exchange Commission.  The five strategies that would offer ETF share classes include the $26.2 billion BlackRock High Yield Portfolio, $3.2 billion BlackRock Strategic Municipal Opportunities, $2.3 billion BlackRock California Municipal Opportunities, …