Cresset to enhance family office services through Connable Office acquisition by Released | Jun 10, 2024 Cresset Asset Management has announced its acquisition of The Connable Office, one of the nation's oldest multifamily offices. Based in Kalamazoo, Mich., and organized as a private trust company, Connable's tradition of trust and excellence has been carried forward for more than 130 years. With this acquisition, the combined firm will manage more than $52 billion in assets on behalf of high-net-worth and ultra-high-net-worth clients.
ShopOne and JV Partners acquire Publix at Mt. Zion in Georgia by Released | Jun 7, 2024 ShopOne Centers REIT, together with its joint venture partners Pantheon and a leading global institutional investor, announced they have acquired Publix at Mt. Zion in Morrow, Ga., marking the fourth grocery-anchored neighborhood shopping center the JV has acquired in the Atlanta MSA.
CoastEdge Partners hires Nancy Vo Hamada as new partner and COO by Released | Jun 7, 2024 CoastEdge Partners, a Registered Investment Advisor headquartered in San Diego, Calif., announced the hiring of Nancy Vo Hamada as partner and chief operating officer.
Blue Owl Capital raises capital from family office for HomeCourt by Lewis Dayton | Jun 7, 2024 Blue Owl Capital’s sports strategy fund, HomeCourt, has secured a significant capital commitment from Capstone Holdings, a Florida-based family office, reported Jessica Hamlin for PitchBook.
Griffin Capital appoints senior vice president on its wealth management steam by Released | Jun 7, 2024 Griffin Capital Company, a leading alternative investment manager based in El Segundo, Calif., has hired Vincent Chiu as a senior vice president on its wealth solutions team, working in the private wealth channel in the Western United States.
Morgan Stanley appoints market executive, private wealth management by Lewis Dayton | Jun 7, 2024 Michael R. Farrell has been promoted to market executive, private wealth management, at Morgan Stanley Private Wealth Management, he announced in a post on LinkedIn.
Merrill Lynch reports mutual fund revenue sharing partners for 2023 by Lewis Dayton | Jun 7, 2024 In 2023, BlackRock was once again the leading mutual fund revenue sharing partner for Merrill Lynch, Karmen Alexander reported for AdvisorHub.In 2023, BlackRock was once again the leading mutual fund revenue sharing partner for Merrill Lynch, Karmen Alexander reported for AdvisorHub.
StepStone Private Wealth launches private credit fund by Released | Jun 7, 2024 StepStone Private Wealth has announced the launch of the StepStone Private Credit Income Fund (CRDEX), an evergreen interval fund that can be purchased daily via ticker CRDEX.
Investment advisers plan to increase allocation to private markets, Hamilton Lane survey finds by Released | Jun 6, 2024 More than 90 percent of survey respondents currently allocate client capital to private markets, with essentially all of them (99 percent) planning to allocate some portion of client portfolios to the asset class this year, according to a recent independent survey conducted by leading global private markets investment management firm Hamilton Lane.
Divergent Capital Asset Management appoints president of private wealth management by Released | Jun 6, 2024 Divergent Capital Asset Management (DCAM), a registered investment adviser providing private wealth management, alternative investments and outsourced CIO services, announced Jason Williams as president of private wealth management.