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Commercial solar provider Wunder and private equity real estate manager Prime Group Holdings LLC have completed initial interconnection and commenced power generation for the first phase of a national self-storage solar deployment initiative, the companies announced today. The program aims to transform underutilized rooftop real estate across Prime Group’s national Prime Storage portfolio into clean …

Blue Owl Technology Finance Corp. (OTF) has raised $800 million in debt financing since June 30, closing a $150 million private placement of senior unsecured notes as the business development company continues to fund a growing portfolio of technology-related investments. The latest financing consists of $150 million of 7.60% senior unsecured notes due Sept. 3, …

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 …

EQT has agreed to acquire a majority stake in specialty insurance and reinsurance broker McGill and Partners from Warburg Pincus for $2 billion. The investment will be made through EQT X, one of the private equity firm’s flagship funds. Warburg Pincus will sell its entire equity stake, ending a partnership that began when the firm …

Envestnet has purchased wealthtech provider Vestmark to bolster its trading, tax, and artificial intelligence capabilities.  Additionally, the acquisition is set to allow advisors across the wealth management sector to gain broader access to portfolio management, alongside technology support and outsourced investment management services.  Following the acquisition, the combined company will continue to support VestmarkONE and …

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 …

Envestnet has purchased wealthtech provider Vestmark to bolster its trading, tax, and artificial intelligence capabilities.  Additionally, the acquisition is set to allow advisors across the wealth management sector to gain broader access to portfolio management, alongside technology support and outsourced investment management services.  Following the acquisition, the combined company will continue to support VestmarkONE and …

Hightower Advisors has added a $21.6 billion Massachusetts-based wealth management firm to its W-2 advisory platform, Hightower Signature Wealth.  Boston Hill Advisors, which was founded in 2006, provides investment management, financial planning, retirement planning, insurance solutions, estate and tax planning, and wealth management services.  Boston Hill Advisors has been affiliated with Hightower since 2023, before …

EIG has closed its sixth senior infrastructure debt fund with $1.9 billion, nearly doubling the size of its predecessor. Combined with $2.1 billion committed through single-investor vehicles, EIG raised $4 billion for the strategy, exceeding its original $3 billion target. The separate accounts provide customized or evergreen exposure alongside the commingled fund. EIG Senior Infrastructure …

Northampton Capital Partners and Provident Data Centers have formed a joint venture to develop a 54-megawatt turnkey data center in the North Dallas Corridor, seeking to add capacity to one of the nation’s most supply-constrained data-center markets. The facility is expected to be delivered in late 2027. The 74-megawatt site will provide 54 megawatts of …

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 …

Headwinds have become “increasingly evident” in business development companies (BDCs), with selective credit issues becoming more prevalent and non-accrual investments increasing, according to ratings agency KBRA. Stress is rising at business development companies, but problems remain concentrated among borrowers and managers rather than signaling a broad private credit downturn, according to KBRA. Median non-accrual investments …

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 …

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 …