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NexPoint has launched NexPoint Marina II DST, a $49 million Delaware statutory trust offering backed by two full-service marinas in Tennessee and Kentucky. The portfolio consists of Stardust Marina on Norris Lake in Andersonville, Tennessee, and Kuttawa Harbor Marina on Lake Barkley in Kuttawa, Kentucky. The properties were acquired for approximately $44 million and have …

Ares Management has closed its fifth Japan-focused logistics development fund with ¥612 billion, or approximately $4 billion, making it the largest closed-end institutional fundraise in Ares Real Estate’s history. Japan Logistics Development Partners V reached its hard cap with limited-partner commitments and capital from Ares. The fund is nearly 50% larger than the ¥412 billion …

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 …

Volato Group Inc. has agreed to merge with Alignment Engine Inc. in a transaction valuing the artificial intelligence infrastructure company at approximately $500 million, accelerating Volato’s shift toward data centers and high-performance computing. NYSE American-listed Volato, which trades under the ticker SOAR, will remain the publicly traded parent. Alignment Engine’s shareholders will receive securities convertible …

Nvidia has agreed to acquire Hugging Face for $12.93 billion, a deal that would bring one of artificial intelligence’s largest open-source developer platforms under the control of the world’s dominant supplier of AI chips. Nvidia said it plans to scale Hugging Face’s platform, strengthen its infrastructure and expand access to AI tools for developers and …

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, …

Federal Reserve Chair Kevin Warsh will take center stage Friday at the Jackson Hole Economic Policy Symposium, where investors want a clearer explanation of how the central bank plans to return inflation to 2% and whether higher Treasury yields reduce the need for another rate increase. This year’s symposium theme, “Financial Innovation: Implications for Payments …

Savant Wealth Management has acquired a New York-based registered investment adviser that oversees roughly $542 million in assets under management.  Corning, NY-based Socha Financial Group, which was founded in 1983 by Nancy Socha, is led by COO and managing partners Michelle Socha Vang and Jolie McCarthy.  The eight-person team offers financial planning, investment management, tax …

Maridea Wealth Management has added a Pennsylvania-based wealth management practice, establishing the firm’s presence in the state.  New Britain, PA-based Pultro Financial Management, founded in 1987, is led by CEO and founder Michael Pultro. The firm provides financial planning, investment management, and retirement planning, with a specialized focus on behavioral finance strategies.  The family-led practice …

Dimension Energy has secured $857 million in new capital to expand its distributed-solar portfolio. The financing includes a $200 million increase to Dimension’s corporate credit facility, bringing the total facility to $650 million. Nuveen Energy Infrastructure Credit and funds and accounts managed by HPS Investment Partners served as lead lenders. A separate $657 million construction-to-term …

StepStone Group Inc. has raised $1.7 billion for its first dedicated infrastructure secondaries fund and related separate accounts, expanding the firm’s capacity to provide liquidity across private infrastructure markets. StepStone Secondaries Infrastructure Fund closed with $1.5 billion in commitments, exceeding its target and reaching its hard cap. Separate accounts supplied the remaining $200 million. The …

The technology-heavy private equity market felt the pain of this year’s software selloff, as new benchmark data from HarbourVest Partners showed buyout returns turning negative in the first quarter, driven almost entirely by declines in Information Technology holdings. The HarbourVest Private Equity Global Buyout Benchmark returned -1.6% for the quarter ended March 31, according to …

Private credit’s expansion into wealth management is exposing individual investors to structural risks that regulation has not fully addressed, according to new research from the CFA Institute Research and Policy Center. The report, “Private Credit Funds and the Retail Shift: Structural Vulnerabilities and Policy Responses,” challenges the view that the trend represents broad democratization. Private …

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 …

RQD* Clearing has secured a $74 million minority growth investment led by Bain Capital Tech Opportunities, giving the financial infrastructure provider additional capital to expand internationally and develop products for digital and traditional securities. ABN AMRO Clearing Bank and financial technology investor Nyca Partners also participated in the transaction. Financial terms beyond the investment amount …

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, …