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Hines has completed its largest Delaware statutory trust offering, raising about $591 million to buy two apartment properties in Coral Gables, Florida, and Chicago. The offering, HREX 9 DST, is the ninth completed by its Hines Private Wealth Solutions unit. The offering closed with about 550 investors, according to a federal filing. Its first sale …

Town Lane has closed its second opportunistic real estate fund with $1.9 billion in investor commitments, reaching its hard cap and expanding its capacity to pursue U.S. property investments amid market dislocation. Town Lane Real Estate Opportunities Fund II is 52% larger than the firm’s $1.25 billion inaugural fund, raised in 2024. The latest vehicle …

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 …

Wealthspire Advisors’ unit, Ground Control Business Management, has acquired a United Kingdom-based management firm, marking the division’s third transaction in the European market.  London-based private wealth manager Atlantic Swiss manages over $1 billion in total client assets and administration and is led by founder and president Craig Bell.  The firm provides financial planning, investment management …

Modern Wealth Management has purchased another California-based wealth management firm, which oversees $330 million in assets under management.     Lodi, CA-based 4thGEN Wealth Management, founded in 2015, provides investment management, retirement planning, and succession planning to high-net-worth clients, including business owners, pre-retirees, investors, and members of the agricultural sector.  The team is led by advisors Kenneth …

Executive Summary The bond market delivered a warning last week: Concern about an artificial intelligence debt bust can outweigh inflation anxiety, at least temporarily. Investors sought safety in U.S. Treasurys as AI-linked credit sold off, pushing government yields lower despite stronger-than-expected inflation readings. The move revived an argument that an AI credit unwind could become …

Wholesale prices surged in September as energy costs spiked, posting the largest monthly increase in more than four years, the Bureau of Labor Statistics reported. The Producer Price Index for final demand rose a seasonally adjusted 1.3% in September, following increases of 0.5% in August and 0.2% in July. It was the biggest monthly gain …

Wealthspire Advisors’ unit, Ground Control Business Management, has acquired a United Kingdom-based management firm, marking the division’s third transaction in the European market.  London-based private wealth manager Atlantic Swiss manages over $1 billion in total client assets and administration and is led by founder and president Craig Bell.  The firm provides financial planning, investment management …

Modern Wealth Management has purchased another California-based wealth management firm, which oversees $330 million in assets under management.     Lodi, CA-based 4thGEN Wealth Management, founded in 2015, provides investment management, retirement planning, and succession planning to high-net-worth clients, including business owners, pre-retirees, investors, and members of the agricultural sector.  The team is led by advisors Kenneth …

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 …

Construction companies facing labor shortages, tight margins and more complex projects are spending heavily on artificial intelligence. A new survey from consulting firm BRG suggests the money is producing measurable savings, even as many firms are still working out where AI fits and how to measure its returns. The report, “AI in Construction: Measurable Results, …

Cox Capital Partners has launched a pilot lending program that lets large shareholders of non-traded business development companies borrow against their holdings while they wait to redeem at net asset value. Eligible investors can pledge shares and receive an advance of 50% to 65% of NAV, depending on the fund and underwriting. Loans are expected …

The largest wealth transfer in history is creating a divide inside family offices. Newer offices run by younger generations are more willing to take risks and are investing in private markets differently than established ones. Meanwhile, the bigger challenge for many families is no longer returns but deciding who makes the investment decisions. BlackRock surveyed …

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 …

Anthropic has filed publicly with the Securities and Exchange Commission for what could be one of the largest initial public offerings on record, giving investors their first detailed look at the finances of a leading artificial intelligence developer just as worries over AI spending and debt are rattling markets. The Claude maker plans to list …

Cox Capital Partners has launched a pilot lending program that lets large shareholders of non-traded business development companies borrow against their holdings while they wait to redeem at net asset value. Eligible investors can pledge shares and receive an advance of 50% to 65% of NAV, depending on the fund and underwriting. Loans are expected …