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Francisco Partners has closed $21 billion in capital commitments across its flagship FP VIII fund and middle-market vehicle FP Agility IV, surpassing initial targets of $14 billion and $3.5 billion respectively in the firm’s largest fundraise since its founding in 1997. The closings bring Francisco Partners’ total capital raised to more than $75 billion. The …

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 …

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 …

TECfusions, an AI infrastructure company focused on designing, building, and leasing next-generation data centers, has agreed to merge with special purpose acquisition company Apex Treasury Corp. in a business combination that would take TECfusions public on Nasdaq under the proposed ticker symbol TECF at a pre-money equity valuation of $4 billion. Concurrent with the announcement, …

Registered investment advisor merger-and-acquisition activity reached a record pace during the first half of 2026, even as transaction volume moderated in the second quarter and buyers grew more cautious about valuation trends for the remainder of the year, according to DeVoe & Company’s latest Q2 RIA Deal Book. The industry announced 167 transactions through the …

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 …

U.S. wholesale inflation followed the example of consumer price inflation in June with a monthly decline. The Producer Price Index for final demand fell by a seasonally adjusted 0.3% in June after rising 1.1% the previous month, the U.S. Bureau of Labor Statistics reported Wednesday. Analysts had expected the June figure to be in line …

As trillions of dollars are expected to change hands over the coming decades, many ultra-high-net-worth families have yet to complete the estate and succession plans needed to preserve and transfer their wealth effectively, according to new research from BNY Wealth. The firm’s Wealth in Motion report found that only 47% of ultra-high-net-worth (UHNW) individuals surveyed …

Envestnet has released its first list of interval funds approved by its manager research team, extending the same due diligence framework the firm uses for SMAs, mutual funds, ETFs and strategist portfolios. The move builds on Envestnet’s March 2026 rollout of interval fund availability within its Unified Managed Account platform, where advisors can manage account …

TECfusions, an AI infrastructure company focused on designing, building, and leasing next-generation data centers, has agreed to merge with special purpose acquisition company Apex Treasury Corp. in a business combination that would take TECfusions public on Nasdaq under the proposed ticker symbol TECF at a pre-money equity valuation of $4 billion. Concurrent with the announcement, …

Kuwait Petroleum Corporation (KPC) has signed a $16 billion lease-and-lease-back agreement involving its domestic and export pipeline network with a consortium of institutional infrastructure investors led by Blackstone, Brookfield and KKR, marking the largest foreign direct investment in Kuwait’s history. The transaction, executed through KPC’s wholly owned subsidiary Kuwait Oil Company (KOC), establishes a newly …

Kuwait Petroleum Corporation (KPC) has signed a $16 billion lease-and-lease-back agreement involving its domestic and export pipeline network with a consortium of institutional infrastructure investors led by Blackstone, Brookfield and KKR, marking the largest foreign direct investment in Kuwait’s history. The transaction, executed through KPC’s wholly owned subsidiary Kuwait Oil Company (KOC), establishes a newly …

Public pension systems are becoming increasingly concentrated in private markets and similar investment strategies, exposing retirement portfolios to higher valuation risk even as funding levels improve, according to Equable Institute’s annual review of U.S. state and local retirement plans. The nonprofit research organization examined investment and funding trends across 253 statewide and municipal pension systems …

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 …

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 …