AI use and technology investment are top private company leadership priorities: Deloitte by Released | Jul 30, 2024 A Deloitte Private survey of C-suite executives found that increasing AI use across the organization (43 percent) and investments in technology (37 percent) are the top two private company business priorities over the next 12 months.
Husch Blackwell adds private wealth partner Garrett Reuter Jr. by Released | Jul 30, 2024 Husch Blackwell has hired Garrett Reuter Jr. as a partner in its financial services and capital markets industry group and as a member of its private wealth team.
Cantor Fitzgerald Infrastructure Fund celebrates two-year anniversary with $150m in total net assets by Released | Jul 30, 2024 Cantor Fitzgerald Asset Management has announced that the Cantor Fitzgerald Infrastructure Fund, the first ’40 Act fund primarily focused on providing access to private infrastructure, surpassed $150 million in total net assets since its launch in June 2022.
Tenant demand for data center REITs to remain robust throughout next five years by Kali Persall | Jul 30, 2024 Demand for data center capacity will remain strong for at least the next five years, predicts a July 23 report from Moody’s Ratings, helping REITs Digital Realty Trust and Equinix to grow their portfolios and uphold key credit metrics.
F.L. Putnam expands East Coast footprint with three acquisitions by Released | Jul 30, 2024 F.L.Putnam Investment Management Company announced that it has acquired independent registered investment advisors Arbor Capital Management Corp. in Amherst, N.Y., Four Ponds Financial Planning LLC in Mashpee, Mass., and Ascension Asset Management LLC in New York City. The three acquisitions add more than $1.25 billion in assets under management, 10 new advisors, and new offices in Western New York and Cape Cod. Financial terms of the transactions, which closed June 30, were not disclosed.
Farmland LP announces strategic acquisition of three prime farms in Northern California by Released | Jul 29, 2024 Vital Farmland III, a fund managed by Farmland LP, has acquired three properties in Northern California’s Sacramento Delta for a total of $35.6 million.
Post Oak Minerals acquires $475m of Permian Basin–focused minerals and royalties by Released | Jul 29, 2024 Post Oak Minerals V (POM V), an affiliate of Post Oak Energy Capital, has completed 10 acquisitions with a total value of more than $475 million since the beginning of 2024, primarily in the Permian Basin.
REPORT: PE asset-raising narrowly outpaces credit in June by Andrea Zander | Jul 29, 2024 Open-end, closed-end and separately managed accounts (SMAs) saw traction in June as alternative asset managers collected over $65 billion globally.
Inland fully subscribes $76.7m senior living DST by Released | Jul 29, 2024 Inland Private Capital Corporation (IPC) has announced the completion of a more than $76 million capital raise for the private investment offering of Minneapolis MSA Senior Living Portfolio DST, an IPC-sponsored Delaware statutory trust
GeoWealth secures growth investment round led by BlackRock by Released | Jul 29, 2024 GeoWealth, a proprietary technology and turnkey asset management platform (TAMP), has closed a $18 million growth investment led by BlackRock.
SS&C Technologies adds services to its alts solutions platforms by Lewis Dayton | Jul 29, 2024 SS&C Technologies Holdings’ Geneva platform is now offering an investor fee builder feature to help users put custom fee structures for complex, open-ended funds into place.
First Business Bank reports on second quarter, private wealth assets increase by Lewis Dayton | Jul 29, 2024 First Business Bank has reported its second quarter results, revealing that the bank’s private wealth assets grew to $3.249 billion, up $341.5 million, or 11.7 percent, from the previous year.
Dynasty Financial Partners appoints Leslie Dentinger Norman as CTO by Released | Jul 26, 2024 Dynasty Financial Partners today announced the promotion of Leslie Dentinger Norman to Chief Technology Officer. Previously, Norman served as Deputy Chief Technology Officer, responsible for directing the strategy and delivery of the technology solutions used across the Dynasty Network.
Morgan Stanley Wealth Management combines three NYC offices by Lewis Dayton | Jul 26, 2024 Morgan Stanley Wealth Management has appointed Patrick Langone and John Palazzetti as co-market executives for Greater New York City, reported Mason Braswell for AdvisorHub.
Savills: Prime office rents 31.4% higher than those for class A offices by Released | Jul 26, 2024 According to Savills in its latest quarterly Prime Office Costs report, gross prime office rents in major cities around the world have risen 3 percent in the past year (second quarter 2023 to second quarter 2024) while tenants’ ‘all-in’ net effective costs (rent plus fit-out costs) have risen 3.8 percent, as the structural trend towards seeking high quality premium office space continues. London (West End), Hong Kong, and New York (Midtown) remain the top three locations of the 35 markets Savills examines, compared to first quarter 2024.
