Direct Investment

Crescent Energy has agreed to acquire Devon Energy’s Eagle Ford assets for an estimated net purchase price of $3.85 billion, expanding its South Texas production base and drilling inventory through properties adjacent to its existing operations. The transaction carries a headline price of approximately $4.2 billion. Crescent’s estimated net price reflects purchase-price adjustments based on …

Corporate carve-outs are gaining momentum as companies reassess whether individual divisions, brands and business lines belong inside broader organizations, according to investment bank DC Advisory. The firm counted 1,025 announced global carve-outs and spin-offs in the first four months of 2026, an 18% increase from the same period a year earlier. The activity signals a …

Companies and other issuers raised more than $137 billion through 208 initial public offerings in the U.S. during the first half of 2026, according to updated Securities and Exchange Commission statistics. That compares with more than $27 billion through 180 IPOs a year earlier. IPO proceeds rose nearly 400%, while the number of offerings increased …

Retail investors now account for a significant and growing share of U.S. equity trading volume, yet most IPOs still funnel most shares to institutional buyers, largely bypassing the millions of everyday consumers who may already be a company’s most loyal customers and brand advocates. That’s beginning to change, as issuers and market participants increasingly recognize …

Castlelake has priced its first commercial real estate collateralized loan obligation, CLCRE 2026-FL1, totaling about $1.1 billion. The initial pool includes 26 floating-rate senior loans secured by 26 commercial properties. The portfolio consists of bridge loans on multifamily and industrial properties, as well as hospitality, self-storage and student housing assets. The deal includes six offered …

BrightSpire Capital priced a $960 million managed commercial real estate collateralized loan obligation, expanding its term funding as the mortgage REIT seeks to recycle capital into new originations. The transaction, BRSP 2026-FL4, is expected to close Oct. 16. BrightSpire plans to place approximately $844.8 million of investment-grade securities with institutional investors, providing financing that is …

WT Realty Group has agreed to go public through a merger with FortuneX Acquisition Corp., giving the integrated real estate services platform an implied equity value of approximately $600 million. Under the agreement, FortuneX will move its corporate domicile from the Cayman Islands to Delaware and become the public holding company, expected to be renamed …

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 …

The TCW Group, a global investment firm with over $200 billion in assets under management, has launched a dedicated asset-backed finance (ABF) division, which will be supported by over $1 billion in capital commitments from TCW, its partners, and affiliates. The Los Angeles-based firm’s expanded alternative capabilities will focus on lending against consumer assets, commercial …

Trivest Partners closed Trivest Recognition Fund – its largest buyout fund ever – at its hard cap with over $1.3 billion of total capital commitments, which included Trivest and its affiliates’ commitments, that will seek to invest in lower middle market companies with EBITDA above $15 million. Recognition is Trivest’s 12th institutional private equity fund …