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Foundation Credit has closed its second infrastructure debt fund with approximately $540 million in commitments, exceeding its fundraising target as the investment manager pursues lending opportunities in the fragmented market for local U.S. infrastructure. Foundation Infrastructure Debt Fund II LP attracted existing and new investors, including pension funds, insurance companies, endowments, foundations, asset managers and …

Prime Finance has acquired eight performing commercial real estate loans from Blackstone Real Estate Debt Strategies, with a combined unpaid principal balance of about $760 million secured by office and multifamily properties across five U.S. states. Prime Finance completed the acquisition through its Strategic Capital Solutions strategy, which buys existing loans on the secondary market …

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 expanded 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 …

Kraft Heinz has agreed to sell control of its North American coffee business to an affiliate of private equity firm One Rock Capital Partners in a deal that values the business at $650 million, including debt. The food company expects to use about $500 million in after-tax cash proceeds to pay down debt. Kraft Heinz …

Standard Solar has acquired two ground-mounted solar projects in eastern Washington from OneEnergy Renewables, adding 15.79 megawatts of planned generating capacity and expanding its portfolio of distributed energy assets. The acquisitions mark the companies’ first projects together in Washington. Financial terms were not disclosed. Palouse Junction, located in Connell, will have 12.1 MW of direct-current …

U.S. employers added 165,000 jobs in October, well above the average monthly gain of 48,000 over the past year, the Bureau of Labor Statistics reported Friday. The unemployment ticked down to 4.1% from 4.2% in September. August and September payrolls were revised up by a combined 84,000, with September now showing a 60,000 gain instead …

Executive Summary Every cycle has a moment when the instrument built to warn you stops working the way you expect. Last week, single-name default swaps on the largest AI spenders blew out to record levels, while the index investors use to hedge credit risk tightened. When the hedge and the risk move in opposite directions, …

Anthropic is rolling out a personal finance tool for its Claude AI assistant, the company said Thursday. The feature is available in beta this week to U.S. subscribers on its Pro, Max and Ultra plans. Personal Finance in Claude connects to bank accounts a user chooses, so the user can ask questions about their balances …

Savvy Wealth, a technology-based registered investment advisor, has partnered with Allocate to launch its latest program, which is designed to provide advisors with access to private markets capabilities on its platform.  The proprietary program will enable broad access to a wide variety of asset classes for advisors seeking to have their clients make pre-initial public …

Foundation Credit has closed its second infrastructure debt fund with approximately $540 million in commitments, exceeding its fundraising target as the investment manager pursues lending opportunities in the fragmented market for local U.S. infrastructure. Foundation Infrastructure Debt Fund II LP attracted existing and new investors, including pension funds, insurance companies, endowments, foundations, asset managers and …

Standard Solar has acquired two ground-mounted solar projects in eastern Washington from OneEnergy Renewables, adding 15.79 megawatts of planned generating capacity and expanding its portfolio of distributed energy assets. The acquisitions mark the companies’ first projects together in Washington. Financial terms were not disclosed. Palouse Junction, located in Connell, will have 12.1 MW of direct-current …

Most U.S. apartment loans remain on solid footing, but a meaningful share could struggle to refinance as maturities pile up and interest rates stay high. That’s the finding of a new bulletin from Yardi Matrix, which points to growing pressure on properties financed when borrowing was cheap. Nearly $250 billion in multifamily loans comes due …

U.S. employers added 165,000 jobs in October, well above the average monthly gain of 48,000 over the past year, the Bureau of Labor Statistics reported Friday. The unemployment ticked down to 4.1% from 4.2% in September. August and September payrolls were revised up by a combined 84,000, with September now showing a 60,000 gain instead …

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 …

Most U.S. apartment loans remain on solid footing, but a meaningful share could struggle to refinance as maturities pile up and interest rates stay high. That’s the finding of a new bulletin from Yardi Matrix, which points to growing pressure on properties financed when borrowing was cheap. Nearly $250 billion in multifamily loans comes due …

U.S. employers added 165,000 jobs in October, well above the average monthly gain of 48,000 over the past year, the Bureau of Labor Statistics reported Friday. The unemployment ticked down to 4.1% from 4.2% in September. August and September payrolls were revised up by a combined 84,000, with September now showing a 60,000 gain instead …