Stonepeak closes its first dedicated Asia strategy at $3.3b, surpassing target by Kali Persall | Mar 8, 2024 Stonepeak has completed the final closing of its first dedicated Asia strategy, Stonepeak Asia Infrastructure Fund, with $3.3 billion in total capital commitments.
U.S. economy adds 275,000 jobs in February by Lewis Dayton | Mar 8, 2024 The total nonfarm payroll employment in the United States increased by 275,000 in December, surpassing most estimates, while the unemployment rate rose from 3.7 percent in January to 3.9 percent in February.
Integrated Partners adds New Hampshire-based CoFi Advisors by Andrea Zander | Mar 7, 2024 Integrated Partners, a national financial planning and registered investment advisory (RIA) firm that serves more than $17 billion in assets under advisement, announced New Hampshire-based CoFi Advisors as its latest affiliate partner. In selecting Integrated as a partner, CoFi cited the firm’s comprehensive platform that empowers entrepreneurial advisors to sustain growth and elevate client service.
EQT Future holds final close at $3.3b by Released | Mar 7, 2024 EQT has held a final close for its EQT Future, raising $3.3 billion in total commitments, with total fee-generating commitments for the overall strategy, including co-investments, totaling $3.9 billion.
Hines Securities completes $77m multifamily DST by Andrea Zander | Mar 7, 2024 Hines Securities has completed another Delaware statutory trust (DST) with HREX Multifamily I DST.
Tikehau Capital appoints Margaux Buridant and Célia Hamoum co-heads of private wealth solutions by Andrea Zander | Mar 7, 2024 Tikehau Capital has appointed Margaux Buridant and Célia Hamoum as co-heads of private wealth solutions, the group’s specialized entity dedicated to family offices and high-net-worth-individuals.
Prudence holds final close for its third fund with $80m of capital by Lewis Dayton | Mar 7, 2024 Prudence, an early-stage venture firm investing in technology companies leading the global transformation of the built world, announced it has closed its third fund after raising $80 million of capital commitments.
Don Plaus joins Citigroup to run its North America private bank by Lewis Dayton | Mar 7, 2024 Don Plaus is joining Citigroup as head of the North America, Citi Private Bank, according to multiple media reports, where he will replace the retiring Halé Behzadi.
Robust job gains boost Yardi Matrix national rent forecast for 2024 by Released | Mar 6, 2024 Multifamily asking rents broke the five-month streak of sequential average declines in January, rising 0.07 percent, according to a report from Yardi Matrix.
REITs rise in February, remain down YTD by Loretta Clodfelter | Mar 6, 2024 U.S. REITs advanced in February, rising 2.0 percent, according to the FTSE Nareit Equity REITs Index.
Modern Wealth Management acquires $1.2b Beltz Ianni & Associates, launches retirement plan advisory business by Released | Mar 6, 2024 Modern Wealth Management has acquired New York-based Beltz Ianni & Associates, a corporate retirement planning and individual wealth management firm with more than $1.2 billion in assets. As part of this transaction, Beltz Ianni has dropped its broker-dealer affiliation with LPL Financial and is now a part of Modern Wealth’s independent RIA.
Cove Capital Investments acquires a corporate-backed net lease asset in Hollywood, Fla. by Released | Mar 6, 2024 Cove Capital Investments, a Delaware Statutory Trust sponsor company, announced it has completed the purchase of a corporate-backed net lease asset in Hollywood, Fla. The purchase is the firm's Florida Net Lease 72 DST, a Regulation D, Rule 506(c) offering that is targeted to raise $14.18 million.
KKR appoints Ruchir Swarup as chief information officer by Released | Mar 6, 2024 KKR has appointed Ruchir Swarup as a partner and chief information officer.
Fidelity expands support for financial advisors interested in alternative investments by Lewis Dayton | Mar 6, 2024 Fidelity has expanded its capabilities to support financial advisors’ adoption of alternative investments by launching a proprietary research portal of third-party alts strategies and by expanding its thought leadership library focused on customer exposure to alts.
ETF sponsor Cambria waives fees on ETFs with less than $50m of assets by Lewis Dayton | Mar 6, 2024 Cambria Investment Management, an independent, privately owned investment advisory firm and ETF, has announced that it will waive all management fees on funds that are under $50 million in assets.
