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BlackRock’s private credit complex is again bumping up against its quarterly liquidity limits, as two of its flagship interval-style funds capped redemptions after withdrawal requests exceeded their 5% thresholds. The HPS Corporate Lending Fund (HLEND) received repurchase requests totaling approximately 13.3% of shares outstanding as of March 31 during the second quarter, according to a …

Retail access to private markets is entering a more disciplined phase, with operational capabilities increasingly determining which managers can successfully scale in the wealth channel, according to Gen II Fund Services’ latest Core Alternative Managers’ Mood Index. The survey found that 40% of alternative asset managers continue to invest in retail-focused strategies, while 32% of …

Figure Technology Solutions is making a bold move to expand its blockchain-based capital markets platform, announcing a $717 million agreement to acquire Kiavi, an AI-powered lending platform serving residential real estate investors. The deal includes a joint venture with Sixth Street to purchase loans off Kiavi’s balance sheet. Kiavi has spent 13 years building a …

Morgan Stanley Wealth Management has launched a new referral arrangement with Galaxy Digital designed to help eligible clients more efficiently integrate digital assets into traditional investment portfolios. The program allows qualified Morgan Stanley clients to lend cryptocurrencies, including Bitcoin, Ether and Solana, to Galaxy and receive shares of exchange-traded products with exposure to spot digital …

Fox Corporation has agreed to acquire streaming platform Roku in a cash-and-stock transaction valued at approximately $22 billion, marking one of the largest media deals in recent years and significantly expanding FOX’s presence in connected television and digital advertising. Under the terms of the agreement, Roku shareholders will receive $160 per share, consisting of $96 …

Toronto-based Harbourfront Wealth Group will be acquiring Cumberland Partners Limited and its subsidiaries, marking Harbourfront Wealth’s fifth acquisition in three years.  Cumberland, which was launched in 1997, is an employee-owned wealth and investment management firm and has offices in Toronto and Calgary. The firm operatesthrough its subsidiaries, Cumberland Private Wealth Management, Cumberland Investment Counsel, and NCM Investments.  The transaction, which is set to close in the third quarter …

U.S. wholesale inflation remained elevated in May as producer prices posted another strong monthly increase, underscoring the challenges facing policymakers as they seek to bring inflation back toward the Federal Reserve’s long-term 2% target. The Producer Price Index for final demand rose 1.1% in May from the previous month, matching April’s revised increase and exceeding …

As Charles Schwab quietly announced its plan to expand into local markets with its Schwab Wealth Advisory branches, fears within registered investment advisory firms are starting to heat up, as they question the motive behind Schwab’s SWA offices.  Currently, Schwab has 20 SWA offices across various markets and aims to open an additional 10 new branches by next year, after initially starting the year with four offices.  To fully support the rollout, Schwab recruited over 200 in-house wealth advisors last …

Hightower Advisors is expanding its Hightower Family Office platform, broadening the suite of services available to advisors serving ultra-high-net-worth clients as demand for more integrated wealth solutions continues to grow. The enhanced platform brings together institutional investment consulting, advanced financial planning, family governance, tax and estate strategy, and business advisory services into a unified framework. …

Independent financial advisors in New Jersey may avoid a sweeping regulatory shift after state lawmakers advanced legislation that would exempt them from a controversial worker classification rule set to take effect later this year. The New Jersey Senate Budget and Appropriations Committee approved the amendment in a 12-0 vote, with one abstention, carving out an …

VanEck has launched the VanEck Data Center Supply Chain ETF (CBOE: RACK), offering investors targeted exposure to companies supporting the rapid expansion of artificial intelligence infrastructure. The new exchange-traded fund seeks to track the MarketVector Data Center Supply Chain Index, a modified float-adjusted market capitalization-weighted benchmark focused on U.S.-listed companies generating significant revenue from data …

A consortium led by KKR, the Kuwait Investment Authority, NVIDIA and Vistra have launched Helix Digital Infrastructure, a new company designed to address growing demand for integrated AI infrastructure solutions by combining data center, power and connectivity development under a single platform. Helix launches with more than $10 billion in capital commitments from its founding …

Retail access to private markets is entering a more disciplined phase, with operational capabilities increasingly determining which managers can successfully scale in the wealth channel, according to Gen II Fund Services’ latest Core Alternative Managers’ Mood Index. The survey found that 40% of alternative asset managers continue to invest in retail-focused strategies, while 32% of …

Ares Management Corporation has closed its latest flagship asset-based finance vehicle, Ares Pathfinder Fund III and its offshore companion fund, with $8.5 billion in commitments, cementing its position as one of the largest players in private credit’s ABF segment. The fund was oversubscribed and closed at its increased hard cap, well above its $6.5 billion …

Figure Technology Solutions is making a bold move to expand its blockchain-based capital markets platform, announcing a $717 million agreement to acquire Kiavi, an AI-powered lending platform serving residential real estate investors. The deal includes a joint venture with Sixth Street to purchase loans off Kiavi’s balance sheet. Kiavi has spent 13 years building a …

Moomoo is expanding its cryptocurrency trading business into Texas while introducing a new feature that allows U.S. users to transfer digital assets directly between external wallets and their platform accounts. The global investment and trading platform said Texas-based investors can now trade 52 cryptocurrencies through Moomoo Crypto with zero commissions and transaction fees as low …

Investors in companies like OpenAI, SpaceX and other high-growth firms are increasingly buying future optionality rather than current cash flow, according to Dean Rubino, CEO of KPC Private Funds. These businesses are valued on the belief they will become foundational infrastructure for AI, aerospace and next-generation computing. Over the last two decades, the private capital …