DJIA51682.64 -95.40
S&P 5007650.50 12.74
NASDAQ26522.55 104.25
Russell 20002860.40 0.00
German DAX25304.06 -412.65
FTSE 10010659.13 -157.01
CAC 408065.02 -121.91
EuroStoxx 506228.55 -96.70
Nikkei 22565018.95 882.70
Hang Seng24750.78 146.49
Shanghai Comp3911.87 36.27
KOSPI7007.72 113.49
Bloomberg Comm IDX141.42 0.00
WTI Crude-fut97.43 -1.34
Brent Crude-fut98.09 2.62
Natural Gas3.03 0.00
Gasoline-fut3.18 -0.06
Gold-fut4382.80 -33.10
Silver-fut66.65 -0.14
Platinum-fut1802.80 -1.80
Palladium-fut1311.00 -3.50
Copper-fut6.80 0.09
Aluminum-spot3195.00 0.00
Coffee-fut278.25 1.05
Soybeans-fut1310.25 7.25
Wheat-fut722.50 9.00
Bitcoin83983.67 2740.26
Ethereum USD2697.50 67.33
Litecoin59.42 1.88
Dogecoin0.09 0.01
EUR/USD1.1489 0.0006
USD/JPY156.82 0.99
GBP/USD1.3391 0.0054
USD/CHF0.8232 -0.0020
USD IDX100.32 0.10
US 10-Yr TR4.954 -0.042
GER 10-Yr TR3.4567 -0.065
UK 10-Yr TR5.2215 -0.0778
JAP 10-Yr TR2.985 0.009
Fed Funds4 0
SOFR3.85 0.23
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

Alternative Assets  + Financial Advisory  + Latest News  + Real Estate  + RIAs & Financial Advisors  |  January 6, 2023
Focus Financial-backed Kovitz Investment Group to Add Private Real Estate Fund Manager Origin Investments
Joe Palmisano
By: Joe Palmisano

Focus Financial-backed Kovitz Investment Group to Add Private Real Estate Fund Manager Origin Investments

Kovitz Investment Group Partners, a $7.8bn registered investment advisor (RIA) and affiliate of Chicago-based Focus Financial Partners, will partner with private real estate fund manager Origin Investments.

Terms of the deal, which is expected to close in the first quarter of 2023, were not disclosed.

Origin, which was established in 2007 by Co-CEOs David Scherer and Michael Episcope, primarily caters to the multifamily residential real estate market.

The deal is expected to increase Kovitz’s real estate fund offerings amid an increased interest in alternative assets by wealth managers and registered investment advisors.

Focus founder, CEO and chairman Rudy Adolf said, “Origin will add to Kovitz’s already robust private real estate solutions at a time when alternative investments are becoming increasingly important in meeting the needs of sophisticated investors.”

“Kovitz’s success as a leading wealth manager and private real estate investor made them the clear choice,” added Episcope.

Berkshire Global Advisors acted as the exclusive financial advisor to Origin for this transaction.

Connect

Inside The Story

Focus Financial PartnersKovitz Investment Group PartnersOrigin Investments

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints