BREIT to meet full redemption requests again, despite exceeding quarterly limit by Lewis Dayton | Jul 3, 2024 Despite the $806 million of withdrawal asks in June exceeding the fund’s quarterly limit, Blackstone announced that it will meet investors’ redemption requests in full in June for BREIT, reported Alex Steger and Tania Mitra for CityWire.
Manulife Investment Management announces industrial outdoor storage venture with Foundry Commercial by Released | Jul 1, 2024 Manulife Investment Management (Manulife IM) has announced a strategic partnership with Foundry Commercial to acquire, develop, and lease industrial outdoor storage (IOS) sites in key infill industrial markets throughout the Southeast.
Hamilton Lane partners with Daphne Technologies to make fundraising process more efficient by Released | Jun 28, 2024 Leading private markets investment management firm Hamilton Lane announced a partnership with, and investment in, Daphne Technologies, a platform facilitating distribution of alternative assets and increased efficiency of the fundraising process.
BlackRock partners with GeoWealth to expand private markets offerings by Lewis Dayton | Jun 27, 2024 BlackRock is partnering with Chicago-based GeoWealth to offer private equity and debt funds for financial advisers across the United States, reported Silla Brush for Bloomberg.
Apex Group raises $1.1b from Carlyle and Goldman Sachs by Released | Jun 25, 2024 Apex Group Ltd. has announced that global investment firm Carlyle’s Global Credit business and Goldman Sachs Private Credit have jointly committed in excess of $1.1 billion into the global financial services provider.
Fidelity Investments Canada launches Fidelity Wealth by Released | Jun 21, 2024 Fidelity Investments Canada (Fidelity) has announced it will launch Fidelity Wealth ULC (Fidelity Wealth), a new wealth management business designed to support financial advisors with their succession planning and transition to retirement.
CAIS cuts fees on new funds by Lewis Dayton | Jun 21, 2024 CAIS, a platform dedicated to alternative investing, is cutting its fees to as low as 0.05 percent for feeder funds that direct investors to alternative assets, reported Sonali Basak for Bloomberg.
Allworth Financial acquires Del Monte Group by Lewis Dayton | Jun 18, 2024 Del Monte Group, a Walnut Creek, Calif.-based registered investment advisor (RIA) with more than $220 million in assets, has been acquired by Allworth Financial, a Folsom, Calif.-based RIA with roughly $22 billion in assets under advisement, reported Diana Britton for WealthManagement.
NexPoint launches self-storage DST offering by Released | Jun 17, 2024 NexPoint, a multibillion-dollar alternative investment firm, recently announced the launch of NexPoint Storage V DST, a Delaware Statutory Trust (DST) offering. The offering includes two Generation V (GenV) class A storage facilities located in Cape Coral, Fla., and Dundalk, Md. Both facilities will be managed by the industry-leading team at Extra Space Storage.
Former Baldwin Brothers CEO launches Harmony Wealth Partners by Lewis Dayton | Jun 17, 2024 John Mannix, the former CEO of Baldwin Brothers, a $2.3 billion advisory firm, has launched Harmony Wealth Partners, a new registered investment advisor (RIA), Evan Simonoff and Jennifer Lea Reed reported for Financial Advisor.