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Inland Real Estate Investment Corp. has completed an approximately $28 million equity raise for a qualified opportunity fund converting an underused downtown St. Paul, Minnesota, office building into apartments. Office Conversion Opportunity Zone LLC has been fully subscribed and is closed to new investors. The private investment vehicle is sponsored by an affiliate of Inland …

Cox Capital Partners plans to expand its tender-offer program for nontraded business development companies (BDCs) into interval funds, creating another potential liquidity channel for wealth-management clients holding illiquid alternative investments. The firm has spent the past six years sourcing and executing secondary transactions in nontraded BDCs and other illiquid vehicles, working through financial advisors, independent …

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 …

Janus Henderson Investors’ AAA CLO ETF has surpassed $30 billion in assets under management, underscoring growing investor demand for high-quality floating-rate securities as interest-rate volatility reshapes fixed-income portfolios. The Janus Henderson AAA CLO ETF, trading under the ticker JAAA, attracted more than $5.7 billion in net inflows through Aug. 10. The fund is now the …

Nth Cycle Inc., a critical minerals refiner focused on reshoring strategic supply chains, has agreed to merge with Kensington Capital Acquisition Corp. VI in a deal that values the company at an implied enterprise value of $585 million. The transaction will take Nth Cycle public as Nth Cycle Holdings, Inc., with shares expected to trade …

Executive Summary Additional Tier 1, or AT1, bank bonds are trading at near-historic tight spreads despite their complex, loss-absorbing structures. With the ICE CoCo Index offering roughly 206 basis points over benchmark rates, well below its 385-basis-point historical median, investors may not be adequately compensated for coupon-cancellation, extension, and regulatory risks. As banks increasingly issue …

The U.S. Treasury Department will at least double the size of buyback operations for longer-dated government securities, expanding its effort to improve trading conditions after the 30-year yield reached its highest level since 2007. Beginning Sept. 9, Treasury will raise the maximum purchase amount from $2 billion to at least $4 billion for operations covering …

Wealth Enhancement has scooped up a Washington-based independent registered investment advisory firm that oversees more than $644 million in total client assets.    Olympia, WA-based Weinand Financial, which was founded in 1991, is led by senior vice president and financial advisor Mike Weinand. The firm provides financial planning services, including retirement and investment planning, retirement plan …

Audit and advisory firms embedding artificial intelligence across most client engagements are reporting substantially better business outcomes than firms using the technology selectively, suggesting organizational execution—not merely access to AI tools—is becoming a competitive dividing line. Fieldguide surveyed 400 audit and advisory leaders in May, dividing respondents between 204 “active deployers” using AI across most …

CPP Investments’ net assets climbed to C$863.6 billion, or approximately $622 billion, during its fiscal 2027 first quarter as strong public markets and real-asset investments complemented an active period of private-market deployment. Assets increased by C$70.3 billion during the quarter ended June 30, including C$60.2 billion of net investment income and C$10.1 billion of Canada …

Saragon has officially launched, backed by up to $1 billion in committed capital from I Squared Capital. The Phoenix, Arizona-based company begins operations with 10 data centers across nine strategically located U.S. markets and plans to scale rapidly through investment in its existing footprint, customer-led expansion, and additional acquisitions. Saragon was established following I Squared’s …

CPP Investments’ net assets climbed to C$863.6 billion, or approximately $622 billion, during its fiscal 2027 first quarter as strong public markets and real-asset investments complemented an active period of private-market deployment. Assets increased by C$70.3 billion during the quarter ended June 30, including C$60.2 billion of net investment income and C$10.1 billion of Canada …

Audit and advisory firms embedding artificial intelligence across most client engagements are reporting substantially better business outcomes than firms using the technology selectively, suggesting organizational execution—not merely access to AI tools—is becoming a competitive dividing line. Fieldguide surveyed 400 audit and advisory leaders in May, dividing respondents between 204 “active deployers” using AI across most …

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 …

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 …

Executive Summary Additional Tier 1, or AT1, bank bonds are trading at near-historic tight spreads despite their complex, loss-absorbing structures. With the ICE CoCo Index offering roughly 206 basis points over benchmark rates, well below its 385-basis-point historical median, investors may not be adequately compensated for coupon-cancellation, extension, and regulatory risks. As banks increasingly issue …