Two Focus Financial Partners firms commence merger by Kali Persall | Nov 4, 2024 Focus Financial Partners, a partnership of wealth management, business management and related financial services firms, has announced that its partner firm GYL Financial Synergies has formally joined another Focus firm, The Colony Group.
Goldman Sachs boosts alternatives fundraising goal to $60b with strategies in the private credit market by Elise Mackanych | Nov 4, 2024 Goldman Sachs is expecting to raise more than $60 billion in alternatives fundraising in 2024, boosting its target by 20 percent.
U.S. adds only 12,000 jobs in October amid storms, strikes by Loretta Clodfelter | Nov 1, 2024 U.S. nonfarm payroll employment increased by 12,000 jobs in October, according to the Bureau of Labor Statistics, and the unemployment rate was unchanged at 4.1 percent.
Franklin Templeton names George Stephan COO of wealth management alternatives by Kali Persall | Nov 1, 2024 Franklin Templeton, one of the largest managers in alternative assets globally, has appointed George Stephan to the newly created position of global COO of wealth management alternatives.
Regions Bank names Ray Hand regional wealth executive for Florida by Released | Nov 1, 2024 Ray Hand has joined Regions Bank to serve as private wealth management regional executive for Florida.
Inland Private Capital fully subscribes $37m self-storage DST by Kali Persall | Nov 1, 2024 Inland Private Capital (IPC), a real estate investment manager specializing in offering multiple owner, tax-focused private placement investments, has raised more than $37 million for its IPC Self-Storage Portfolio XXI DST.
U.S. GDP in Q3 slows but remains strong by Denise Moose | Nov 1, 2024 U.S. GDP increased by 2.8 percent on an annualized basis in third quarter 2024 (advance estimate), down from 3 percent in second quarter and below market expectations of 3.1 percent, according to the recent CBRE research report titled, “Q3 GDP Slows But Remains Strong.”
Lido Advisors to team up with Platte River Wealth Advisors by Kali Persall | Oct 31, 2024 Lido Advisors, a wealth advisory firm with more than $24 billion in regulatory assets under management (RAUM) as of Sept. 30, has plans to enter a partnership with Platte River Wealth Advisors (Platte River), based in Louisville, Colo.
Blackstone makes offer for $5b stake in Canada’s Rogers Communication by Kali Persall | Oct 31, 2024 Blackstone has made a C$7 billion ($5.03 billion) bid for a minority stake in the cell phone infrastructure business of Canadian communications and media company Rogers Communications.
KKR and ECP form $50b strategic partnership to support AI growth by Kali Persall | Oct 31, 2024 KKR and Energy Capital Partners have launched a $50 billion strategic partnership aimed at accelerating the development of data center and power generation and transmission infrastructure.