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Energy policy has become one of the most closely watched forces in markets, as electricity demand from data centers, reshored manufacturing and other industries strains the nation’s power supply. Matt Iak, president of capital markets at U.S. Energy Development Corp. and board president of ADISA, assesses the current regulatory environment for the industry. He also …

New Holland Capital, a New York-based multi-strategy investment manager, has formed a strategic partnership with Foundation Credit, an alternative asset manager focused on U.S. municipal credit and infrastructure debt. As part of the deal, New Holland will acquire a majority stake in Foundation and invest in its municipal credit and infrastructure debt strategies. The firms …

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 …

Montreal-based Sagard, an alternative asset management firm, has launched its private credit business, marking its entry into the U.S. wealth market.  Through the expansion, wealth managers, advisors and investors will gain access to Sagard’s educational content and tools, and private markets insights, through the firm’s $5.9 billion private credit platform.  Additionally, the expansion follows Sagard’s …

Marvell Technology has agreed to acquire Lumentum in an all-stock transaction with an implied enterprise value of $115 billion, betting that growing artificial intelligence workloads will accelerate demand for integrated optical connections across data centers. Lumentum shareholders will receive 4.5 Marvell shares for each share they own. Based on the companies’ Oct. 28 closing prices, …

Two financial advisors, along with their North Carolina-based wealth management firm, which oversees about $300 million in assets under management, have joined Captrust Financial Advisors.  Raleigh, NC-based RHA Wealth, led by advisors Clark Abbott and Robert Hartinger, was founded in 2021 and provides wealth management services to over 190 high-net-worth clients, including business owners, entrepreneurs, …

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 …

Wealth management dealmaking remained near record levels in the third quarter, but the market’s structure is evolving: Private equity investors are supplying capital through minority stakes in large platforms, while strategic acquirers pursue outright purchases and specialized capabilities, according to Echelon Partners. The investment bank tracked 125 announced transactions, tying the second-highest quarterly total on …

Osaic has recruited ICG next, a New Jersey wealth manager with about $2.3 billion in client assets, from rival LPL Financial, giving the private equity-owned firm a high-profile win as it works to rebuild momentum and as LPL ramps up its own recruiting. ICG next, based in Wall Township, New Jersey, with a second office …

New Holland Capital, a New York-based multi-strategy investment manager, has formed a strategic partnership with Foundation Credit, an alternative asset manager focused on U.S. municipal credit and infrastructure debt. As part of the deal, New Holland will acquire a majority stake in Foundation and invest in its municipal credit and infrastructure debt strategies. The firms …

Funds managed by Blackstone Credit & Insurance and a group of Canadian institutional investors have agreed to invest $3.1 billion for a 49.9% noncontrolling interest in a Mitsubishi Corp. subsidiary. The subsidiary holds Mitsubishi’s stake in the LNG Canada liquefaction business. The investor group includes the Canada Pension Plan Investment Board, the Ontario Municipal Employees …

Global private markets assets under management are forecast to exceed $34 trillion by 2031, according to Preqin, as improving liquidity, shifting investor allocations and expanding investment opportunities support renewed fundraising growth. The BlackRock-owned data provider’s annual “Private Markets in 2031” report projects continued expansion across private equity, private credit, venture capital and infrastructure, while emphasizing …

Marvell Technology has agreed to acquire Lumentum in an all-stock transaction with an implied enterprise value of $115 billion, betting that growing artificial intelligence workloads will accelerate demand for integrated optical connections across data centers. Lumentum shareholders will receive 4.5 Marvell shares for each share they own. Based on the companies’ Oct. 28 closing prices, …

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 …

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 …