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Netley Capital has amassed $1.2 billion of committed, deployable capital for its tertiary strategy after closing an oversubscribed debut fund, positioning the firm in a specialized segment of the expanding private equity secondary market. The London-based firm said Netley Capital Tertiaries Fund 1 reached its final close in July at an extended hard cap. Netley …

The Teacher Retirement System of Texas committed $798 million to six private-market funds in August, increasing exposure to underweight private equity and real estate portfolios while adding selectively to an energy and infrastructure program already above its target. The Austin-based pension system allocated $255 million to private equity after the $32 billion portfolio returned 12.8% …

Asset-tokenized platform Securitize has launched the Neuberger Securitize High Income Tokenized Fund, marking it as the first high-yield bond fund with investment manager Neuberger Berman.  The fund aims to attract risk-adjusted returns by investing primarily in high-yield and fixed-income investments across public blockchain networks such as Avalanche, Ethereum, Solana, and Sui.  The move comes as …

Vestmark has been tapped by Vanguard to provide an expanded source of model portfolios to registered investment advisors, as asset classes and service preferences continue to be growing factors for clients.  Vanguard has launched the Vanguard Custom Model Portfolios, which aims to provide advisors with customized portfolios through the firm. Through its partnership, Vestmark will …

Affiliates of Brookfield Asset Management have agreed to acquire a minority interest in American Real Estate Partners, establishing a partnership focused partly on the growing infrastructure requirements of artificial intelligence. The investment combines Brookfield’s global real estate, energy and infrastructure capabilities with AREP’s vertically integrated investment and development platform. McLean, Virginia-based AREP operates across data …

EverBank Financial and WaFd have agreed to a $3.9 billion reverse merger that will combine EverBank’s digital and specialty-banking operations with WaFd Bank’s branch network and deposit base across the western United States. EverBank will merge into WaFd, which will remain the publicly traded holding company but adopt the EverBank Financial Corp. name. The combined …

U.S. consumer prices rose 0.4% in August, accelerating from a 0.1% gain in July as gasoline and other energy costs lifted household expenses, the Labor Department reported Friday. The Consumer Price Index increased 3.4% over the 12 months through August, matching July’s annual pace. Excluding volatile food and energy components, core CPI rose 0.3% for …

The Producer Price Index for final demand increased 0.4% on a seasonally adjusted basis in August, following a 0.1% uptick in July and a 0.1% decline in June. Over the 12 months ended in August, unadjusted final demand prices advanced 5.4%. Rising goods prices powered the bulk of the monthly increase, advancing 1.1% in August …

Artificial intelligence is becoming a regular part of investors’ financial lives, but clients are not ready to replace their advisors with technology. Instead, AI appears to be raising expectations for the personalized guidance, proactive service and digital experience that registered investment advisors provide. Three-quarters of investors use AI at least occasionally for financial tasks, according …

As wealth managers push further into private equity, private credit, and private placements, many are discovering that the regulatory lines they once relied on are no longer clearly drawn. Does offering access to a private fund require becoming a registered investment adviser? Does structuring a placement require a broker-dealer license, or both? These aren’t hypothetical …

Franklin Templeton has agreed to acquire a majority stake in European real assets manager Stoneshield Capital through its Clarion Partners subsidiary, significantly expanding the company’s presence in higher-return property and infrastructure strategies across Europe. The transaction will triple Clarion’s European assets under management to approximately $13 billion, or €11 billion. Clarion’s total assets will rise …

MacLean Power Systems has agreed to acquire Delta Star, adding power transformers and mobile substations to its growing portfolio of electric-grid equipment. Delta Star, founded in 1908 and headquartered in Lynchburg, Virginia, manufactures engineered-to-order power transformers, mobile and unitized substations, auxiliary trailers and related equipment. Its customers include electric utilities, data centers, industrial businesses and …

The Managed Funds Association is urging federal regulators to establish stronger investor protections and clearer oversight for event contracts, perpetual contracts and other emerging financial products. In a comment letter submitted Monday, MFA asked the Securities and Exchange Commission and Commodity Futures Trading Commission to coordinate their treatment of products that cross jurisdictional boundaries. The …

U.S. consumer prices rose 0.4% in August, accelerating from a 0.1% gain in July as gasoline and other energy costs lifted household expenses, the Labor Department reported Friday. The Consumer Price Index increased 3.4% over the 12 months through August, matching July’s annual pace. Excluding volatile food and energy components, core CPI rose 0.3% for …

Vestmark has been tapped by Vanguard to provide an expanded source of model portfolios to registered investment advisors, as asset classes and service preferences continue to be growing factors for clients.  Vanguard has launched the Vanguard Custom Model Portfolios, which aims to provide advisors with customized portfolios through the firm. Through its partnership, Vestmark will …

U.S. employers unexpectedly shed 23,000 jobs in July, falling far short of the 88,000 gain projected by economic consensus, according to data released by the U.S. Bureau of Labor Statistics. The drop was compounded by sharp downward revisions to prior months. May payroll additions were revised down by 66,000 to 63,000, while June figures were …

Prime Capital Financial has launched its Endowments and Foundations division, with plans to offer clients outsourced CIO and other fiduciary management services.  The new unit aims to provide family foundations, museums, educational institutions, health-focused foundations, and nonprofit endowments with investment management, impact strategy, and governance.  Prime Capital has tapped Mark Hays to lead the practice …