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Invesco Real Estate Income Trust Inc. has raised $97.6 million in gross proceeds for a Delaware statutory trust that holds two properties in the Carolinas. The offering, IREX V Diversified Portfolio DST, launched in April 2026 and is now fully subscribed. The portfolio includes a mixed-use office and retail property and an industrial property, with …

Avison Young has completed a recapitalization announced in August that the global real estate advisory firm says sets up its next phase of growth. The firm now has a stronger balance sheet with low debt, along with momentum in recruiting. It plans to invest in its people, expand its services for clients and pursue growth …

Vestmark has partnered with asset management firm Allspring Global Investments to enable registered investment advisors to develop tax-based model portfolios.  Vestmark will combine Allspring’s actively managed investment solutions with the platform’s technology, trading and tax capabilities to help advisors manage open-architecture portfolios, including asset allocation and portfolio construction.  Additionally, the tax-aware solution, which was built …

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 …

Ares Capital Corporation, a private middle-market financing provider, will merge with MidCap Financial Investment Corporation, in a $2.6 billion stock-and-cash deal.  The transaction will expand Ares Capital’s portfolio across direct lending to mid-sized businesses, as many consolidations within publicly traded private credit funds are anticipated to increase over the next couple of years.  The deal …

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 …

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, …

Envestnet has launched two programs that let advisors work with asset managers on customized model portfolios: Custom Model Solutions for RIAs and Institutional Partner Models for broker-dealers. Participating managers include BlackRock, Envestnet PMC, Fidelity Investments, First Trust, Franklin Templeton, Goldman Sachs Asset Management, Invesco, Northern Trust Asset Management, Russell Investments and T. Rowe Price. Envestnet …

Nevis has raised $70 million in Series B funding to expand its artificial intelligence platform for wealth managers, drawing backing from investors including EQT Ventures and Charles Schwab. EQT Ventures led the round, with participation from Schwab, Sequoia Capital, ICONIQ, QuantumLight and Ribbit Capital. The financing brings Nevis’ total funding to $110 million since its …

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 …

Publicly registered non-listed business development companies raised $1.5 billion in the third quarter, down 87% from a year earlier and the lowest quarterly total since late 2020, according to Robert A. Stanger & Co., Inc. Redemptions exceeded fundraising for a third straight quarter, producing $4.1 billion in net outflows even as investment returns improved. Through …

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 …

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 …

Publicly registered non-listed business development companies raised $1.5 billion in the third quarter, down 87% from a year earlier and the lowest quarterly total since late 2020, according to Robert A. Stanger & Co., Inc. Redemptions exceeded fundraising for a third straight quarter, producing $4.1 billion in net outflows even as investment returns improved. Through …