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Cove Capital Investments has fully subscribed its Cove Fort Worth Small Bay Industrial 96 DST, raising approximately $9.3 million in investor equity to acquire an industrial property in Texas. The offering raised $9,267,538 and reflects the firm’s continued strategy of acquiring industrial real estate with strong demographic and economic fundamentals while maintaining its debt-free investment …

Core Spaces has completed the acquisition of a four-property, purpose-built student housing portfolio valued at more than $300 million, expanding the holdings of Core University Living Real Estate Income Trust (CUL REIT), the firm’s perpetual-life non-listed REIT focused on stabilized student housing assets. The portfolio comprises more than 2,000 beds across four communities located adjacent …

OpenWorld Ltd. and Blockchain.com have entered a strategic partnership to expand real-world asset (RWA) tokenization and institutional access across global digital asset markets. As part of the agreement, Blockchain.com has also made a strategic investment in OpenWorld. The multi-year collaboration will integrate Blockchain.com’s trading, liquidity, and balance sheet capabilities directly into OpenWorld’s tokenization and advisory …

Galaxy Digital has made a strategic investment in Digital Prime Technologies, the institutional digital asset technology firm behind Tokenet, a lending platform developed in partnership with EquiLend. The investment extends an existing relationship: Galaxy participated as a launch client when Tokenet went live in May 2026. Tokenet applies securities lending workflows, risk controls, and lifecycle …

PGIM has agreed to acquire the remaining 25% stake in Deerpath Capital, completing its ownership of the lower-middle-market direct lender and further expanding its private credit platform. The transaction follows PGIM’s acquisition of an initial 75% interest in Deerpath in May 2023. Upon closing, Deerpath’s lower-middle-market lending business will be fully integrated with PGIM’s existing …

Private equity-backed acquirers continued to reshape the registered investment adviser (RIA) landscape during the first half of 2026, driving a surge in mergers, acquisitions and recapitalizations that has positioned the wealth management industry for another record year of consolidation, according to Berkshire Global Advisors’ midyear Wealth Management M&A Report. A total of 225 transactions involving …

The Federal Reserve left its benchmark interest rate unchanged at 3.50% to 3.75% on Wednesday, extending its policy pause for a fifth consecutive meeting while delivering a clear signal that the debate inside the central bank has become increasingly hawkish. Although the decision was widely anticipated, the meeting was marked by a rare three-way dissent …

The Federal Reserve voted to hold its benchmark interest rate steady at 3.5% to 3.75% on Wednesday, maintaining the policy target range established in January. The decision was not unanimous, as three central bank officials dissented in favor of a quarter-point rate increase: Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari, and Dallas …

CAIS has closed a $170 million Series D financing led by Vista Equity Partners, valuing the alternative investment platform at more than $2 billion and bringing total capital raised to nearly $600 million since its founding in 2009. The round drew participation from a strategic investor base spanning the wealth and alternatives industries: AllianceBernstein, funds …

Private equity-backed acquirers continued to reshape the registered investment adviser (RIA) landscape during the first half of 2026, driving a surge in mergers, acquisitions and recapitalizations that has positioned the wealth management industry for another record year of consolidation, according to Berkshire Global Advisors’ midyear Wealth Management M&A Report. A total of 225 transactions involving …

Connect Money has opened nominations for the 2026 Next Generation Alternative Investments Awards, the publication’s annual program recognizing emerging professionals who are reshaping the alternatives industry from the inside. Now in its second year, the awards will honor rising leaders who are driving transformation within their organizations and making a broader impact through new business …

Warren Equity Partners Manager, L.P. has closed Warren Equity Partners Fund V, L.P. and Warren Equity Partners Fund V-A, L.P. with approximately $2.8 billion in total capital commitments, expanding its infrastructure solutions platform to $9.6 billion in assets under management. Fund V surpassed its initial $2.25 billion target in less than a year and closed …

The Federal Reserve left its benchmark interest rate unchanged at 3.50% to 3.75% on Wednesday, extending its policy pause for a fifth consecutive meeting while delivering a clear signal that the debate inside the central bank has become increasingly hawkish. Although the decision was widely anticipated, the meeting was marked by a rare three-way dissent …

The Federal Reserve voted to hold its benchmark interest rate steady at 3.5% to 3.75% on Wednesday, maintaining the policy target range established in January. The decision was not unanimous, as three central bank officials dissented in favor of a quarter-point rate increase: Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari, and Dallas …

Executive Summary Inflation expectations have fallen sharply following last week’s benign CPI and PPI prints, yet the market continues to price a meaningful probability of an interest rate hike by the Federal Reserve — a disconnect that appears mispriced. On balance, the Fed will likely look through the near-term energy spike and hold rates steady …

Galaxy Digital has made a strategic investment in Digital Prime Technologies, the institutional digital asset technology firm behind Tokenet, a lending platform developed in partnership with EquiLend. The investment extends an existing relationship: Galaxy participated as a launch client when Tokenet went live in May 2026. Tokenet applies securities lending workflows, risk controls, and lifecycle …

The Federal Reserve left its benchmark interest rate unchanged at 3.50% to 3.75% on Wednesday, extending its policy pause for a fifth consecutive meeting while delivering a clear signal that the debate inside the central bank has become increasingly hawkish. Although the decision was widely anticipated, the meeting was marked by a rare three-way dissent …

The Federal Reserve voted to hold its benchmark interest rate steady at 3.5% to 3.75% on Wednesday, maintaining the policy target range established in January. The decision was not unanimous, as three central bank officials dissented in favor of a quarter-point rate increase: Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari, and Dallas …