Latest News

The real estate tax exchange marketplace is evolving quickly, with 721 exchange strategies playing an increasingly prominent role in discussions around tax-advantaged real estate investing. Current Mountain Dell Consulting data reflects the continued prominence of Delaware statutory trust (DST) programs featuring a potential future 721 exchange component, with such programs representing approximately 52% of total …

Advent International has raised $30 billion across its global fund complex, including nearly $27 billion for its 11th flagship fund and more than $3 billion for a new mid-market strategy. The flagship fund, Advent International GPE XI, surpassed its $26 billion target. The new strategy, Advent Mid-Market Private Equity, is the firm’s first fund dedicated …

William Blair, an investment banking platform, has acquired Armentum Partners, a debt and alternative capital solutions advisory firm, in a deal to broaden the firm’s asset-based lending and monetization capabilities.  The transaction also expands William Blair’s capital markets and debt advisory solutions and marks the firm’s second investment banking acquisition of the year, following its …

55ip, a fintech platform and a subsidiary of JP Morgan Asset Management, is expanding its unified managed account offering for RIA channels.  The platform’s UMA offerings include model portfolios with separately managed accounts from JP Morgan Asset Management and BlackRock.   The firm expects more asset managers to be added later this year.  The offering, 55ip …

DoorDash has agreed to acquire Instacart in a transaction valuing its equity at approximately $17 billion, combining the delivery company’s logistics network with Instacart’s grocery technology and retailer relationships. The agreement values Instacart at $65 a share, a 26% premium to its Oct. 22 closing price, the last trading day before reports of a possible …

Nelson Peltz’s Trian Fund Management submitted a nonbinding proposal Wednesday to take Wendy’s private for $7.35 a share in cash, offering shareholders a roughly 20% premium as the burger chain works to reverse declining sales. The offer values Wendy’s equity at approximately $1.4 billion, according to the Wall Street Journal. Trian and affiliated parties, which …

The Federal Reserve held its benchmark interest rate steady Wednesday, pausing after September’s increase as policymakers weighed persistent inflation against the effects of higher borrowing costs. The decision has shifted attention to the timing of another potential hike and whether elevated Treasury yields will continue tightening financial conditions on their own. The Federal Open Market …

The Federal Reserve held its benchmark interest rate steady at 3.75% to 4% in a 10-2 vote, with two policymakers favoring a quarter-point increase as inflation remained elevated. Fed Gov. Lisa Cook and Cleveland Fed President Beth Hammack dissented, voting to raise rates. The policy statement described inflation as “elevated” and emphasized the need for …

Ameriprise Financial is retaining a positive perspective about its advisor attrition, as Chief Executive Officer Jim Cracchiolo dismisses criticism from industry recruiters.  “There’s a lot of noise out there from anonymous sources, from recruiters with their own agendas,” Cracchiolo said Thursday on its third-quarter earnings call.  He also reiterated that Ameriprise does not have an advisor retention program and …

Raymond James is feeling “really good” about its pipelines across all channels, as financial advisors benefit from the firm’s technology investment and a wide range of affiliation options, according to Chief Executive Officer Paul Shoukry.  Shoukry said on the firm’s quarterly earnings call for the quarter that ended Sept. 30, that various advisory firms are …

Self-storage remains largely a suburban business, but a growing share of new development is moving into city cores as smaller apartments, renter growth and downtown residential revivals reshape demand, according to a new StorageCafe analysis of Yardi Matrix data. Across the 100 most populous U.S. metros, 59% of self-storage built from 2016 to 2025 went …

KKR has agreed to sell Infinity Transportation to funds managed by Ares Management at an enterprise value of approximately $2.9 billion, transferring a major North American railcar leasing platform to Ares’ infrastructure and insurance investment businesses. The buyers are Ares Infrastructure Equity and Ares Insurance Solutions funds. Atlanta-based Infinity owns and manages approximately 50,000 railcars …

Insurers remain committed to expanding private-market investments but are becoming more selective about deploying capital, according to BlackRock’s 2026 Global Insurance Report, as higher yields reduce pressure to take additional investment risk. The survey found that 76% of respondents expect to increase private-market allocations, down from 94% in 2025. BlackRock said the decline reflects a …

The Federal Reserve held its benchmark interest rate steady Wednesday, pausing after September’s increase as policymakers weighed persistent inflation against the effects of higher borrowing costs. The decision has shifted attention to the timing of another potential hike and whether elevated Treasury yields will continue tightening financial conditions on their own. The Federal Open Market …

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 …

The Federal Reserve held its benchmark interest rate steady Wednesday, pausing after September’s increase as policymakers weighed persistent inflation against the effects of higher borrowing costs. The decision has shifted attention to the timing of another potential hike and whether elevated Treasury yields will continue tightening financial conditions on their own. The Federal Open Market …

The Federal Reserve held its benchmark interest rate steady at 3.75% to 4% in a 10-2 vote, with two policymakers favoring a quarter-point increase as inflation remained elevated. Fed Gov. Lisa Cook and Cleveland Fed President Beth Hammack dissented, voting to raise rates. The policy statement described inflation as “elevated” and emphasized the need for …