Vega raises $20m in series A round led by Apollo and Motive to scale its Vega AltOS platform by Kali Persall | Nov 12, 2024 Vega, an alternative investment technology startup company founded by a team of former executives from hedge funds, private equity firms and fintech scale-ups, has closed a $20 million series A funding round led by Apollo Global Management and Motive Partners.
Fed continues interest-rate cuts by Jennifer Molloy | Nov 12, 2024 The U.S. Federal Open Market Committee (FOMC) cut interest rates by an additional 25 basis points at its Nov. 7 meeting, providing it with flexibility as the labor market cools amid lower inflation, according to Barrons.
How a second Trump presidency may affect U.S. commercial real estate markets by Jennifer Molloy | Nov 12, 2024 With Donald Trump’s re-election to the U.S. presidency on Nov. 5, real estate professionals must assess how Trump’s proposed economic and housing policies might shape the U.S. market to seize emerging opportunities and mitigate potential risks, according to RCLCO.
Self-storage industry leading charge on real estate conversions by Mike Consol | Nov 12, 2024 Self-storage construction has surged in recent decades, but not all self-storage space comes from new construction.
Schroders promotes Tom Darnowski to CEO Americas by Kali Persall | Nov 12, 2024 Schroders, a global investment manager that provides active asset management, wealth management and investment solutions, has promoted Tom Darnowski to CEO Americas, starting Jan. 1.
Alliance Global Advisors debuts talent recruitment arm, Alliance Search Partners by Kali Persall | Nov 8, 2024 Alliance Global Advisors, a women-owned consulting firm specializing in strategic growth solutions for real asset investment managers, has launched Alliance Search Partners in response to strong industry demand.
Capital Square sells Bedford Parke Apartments DST in UPREIT transaction by Kali Persall | Nov 8, 2024 Capital Square, a U.S. sponsor of tax-advantaged real estate investments and an active developer and manager of housing communities, has announced the sale of CS1031 Bedford Parke Apartments DST, a 232-unit multifamily community in Warner Robins, Ga., through an umbrella partnership real estate investment trust (UPREIT) transaction.
JLL Income Property Trust receives $100m equity investment from its sponsor by Released | Nov 8, 2024 JLL Income Property Trust, an institutionally-managed daily NAV REIT with approximately $6.6 billion in portfolio equity and debt investments, has announced that its sponsor, Jones Lang LaSalle (JLL) has committed to make an additional co-investment of equity in the company.
Cetera Financial Group CEO to retire in December by Kali Persall | Nov 8, 2024 Adam Antoniades, CEO of financial adviser wealth hub Cetera Financial Group, has announced plans to retire from his position on Dec. 31.
Blackstone promotes Sheila Rapple to COO for EMEA wealth as part of European expansion by Kali Persall | Nov 7, 2024 Blackstone has promoted Sheila Rapple, who currently serves as senior managing director and global head of investor services in the firm’s Private Wealth Solutions Group, to chief operating officer for EMEA wealth, according to Reuters.