Trevor Katzban joins Highline Wealth Partners by Andrea Zander | May 17, 2024 Highline Wealth Partners has hired Trevor Katzban as vice president of investments and head of alternatives, according to a LinkedIn post.
Fidelity’s 2023 Family Office Investment Study by Andrea Zander | May 17, 2024 Nearly half of family offices include direct indexing investments in their portfolio, according to Fidelity in its 2023 Family Office Investment Study.
Morgan Stanley recognizes Kevin Lowry as an alternative investments director by Lewis Dayton | May 17, 2024 Kevin Lowry has been recognized as an alternative investments director at Morgan Stanley, he announced in a post on LinkedIn.
What actually is an alternative investment? by Lewis Dayton | May 17, 2024 What is considered an alternative investment? In a recent survey from Columbia Threadneedle Investments, advisers were asked that question.
Private credit continues to evolve by Lewis Dayton | May 17, 2024 Private credit continues to show itself as a resilient asset class that offers investors income potential and portfolio diversification, says a recent article in The Financial Revolutionist.
CIM Group sells apartment building in Adams Morgan Neighborhood of Washington D.C. by Released | May 17, 2024 CIM Group has sold The Argonne, a 276-unit, eight-story apartment building that was acquired in 2013.
Pacific Oak Capital Markets hires Mike Baker as senior regional vice president by Released | May 16, 2024 Mike Baker has joined Pacific Oak Capital Markets as senior regional vice president. In his new position, Baker will be responsible for building and maintaining relationships with financial intermediaries throughout eight Midwest states.
Aflac Global Investments to acquire stake in Tree Line Capital Partners by Released | May 16, 2024 Aflac Global Investments (AGI), the asset management subsidiary of Aflac Incorporated, has agreed to acquire a stake in San Francisco-based lower middle-market direct lender, Tree Line Capital Partners. The structure of the deal provides AGI with a 40 percent interest in the company upon closing. In addition, Aflac is making a multiyear commitment to allocate a portion of its annual investable cashflow to Tree Line.
Charles Schwab’s head of adviser services steps down by Lewis Dayton | May 16, 2024 Bernie Clark is stepping down from his role as head of adviser services at Charles Schwab, he announced in a post on LinkedIn.
Principal Asset Management launches private infra debt capability, appoints Mansi Patel to implement it by Kali Persall | May 16, 2024 Principal Asset Management has launched a new private infrastructure debt capability and hired Mansi Patel as senior managing director, head of infrastructure debt, to lead its launch and implementation.
Madison Capital Group launches Madison Capital Markets for real estate investors by Released | May 16, 2024 Madison Capital Group, a vertically integrated real estate development and investment firm, has launched Madison Capital Markets, a specialized division dedicated to providing stable cash flows and value creation opportunities for real estate investors through tools including 1031 exchange, other tax advantage strategies, and other Reg D investment offerings.
Fortress management and Mubadala complete acquisition of Fortress Investment Group by Released | May 16, 2024 Fortress Investment Group and Mubadala Investment Co., through its wholly owned asset management subsidiary Mubadala Capital, have announced that they have completed the previously announced acquisition of the 90.01 percent of the equity of Fortress that was held by SoftBank Group Corp.
Hamilton Lane’s global private assets fund reaches five-year track record by Released | May 15, 2024 Hamilton Lane announced that its Global Private Assets Fund (GPA) has reached approximately $4 billion in assets under management and has built a five-year track record of performance, one of a small group of private markets evergreen products globally to have reached this milestone. With an annualized net performance of 14 percent since inception as of March 31, 2024, GPA has delivered strong performance to date and has experienced significant investor interest driven by demand for new, diversified sources of return.
Gratus Capital Partners with iCapital to offer hedge fund investing opportunities by Andrea Zander | May 15, 2024 Gratus Capital Partners has formed a partnership with iCapital.
PPLI rises in estate planning amid tax law uncertainty: Barron’s insights by Lewis Dayton | May 15, 2024 For advisers like Tom Callahan, director of family wealth planning for Massachusetts-based BFA Family Offices, and Brian Sak, managing partner at Houston-based Granite Harbor Advisors, private-placement life insurance (PPLI) products are appealing for their capacity to preserve generational wealth, as the death benefit can be distributed to beneficiaries tax-free, bypassing the tax liabilities typically associated with trusts, according to a Barron’s article.
