Pacific Oak Capital Markets hires Jim Sears as a senior regional VP by Released | Mar 13, 2024 Pacific Oak Capital Markets, an alternative investment distributor, has announced that financial services industry veteran Jim Sears has joined the company as senior regional vice president. In his new position, Sears will be responsible for building and maintaining relationships with financial intermediaries throughout Arizona, Colorado, Nebraska, New Mexico and Utah.
Greenbacker launches new energy transition real estate strategy by Lewis Dayton | Mar 13, 2024 Greenbacker Capital Management, a leading renewable energy asset manager, has launched a new Energy Transition Real Estate Strategy focused on the “power play” taking place in energy transition real estate.
$207b megamergers drive energy M&A momentum in 2023 by Kali Persall | Mar 12, 2024 Despite pressure from rising interest rates, a dramatic drop in global M&A activity, and a stalled fundraising and dealmaking environment, consolidations in the energy sector fared well.
Goldman Sachs seeks to expand private credit portfolio to $300b in five years by Andrea Zander | Mar 12, 2024 Goldman Sachs Asset Management, a unit of Goldman Sachs Group, has plans to expand its private credit portfolio to $300 billion in five years from the current $130 billion, according to Reuters.
Webull announces expansion into futures and commodities trading by Released | Mar 12, 2024 Webull has expanded its product offerings, adding futures and commodities trading, which gives customers an opportunity to further diversify their portfolios. Futures trading will provide Webull users with a platform to participate in the futures market by enabling them to speculate on the directional/price move instead of owning the underlying asset.
Chet Milot joins Rowe Price as director, senior alternative specialist by Andrea Zander | Mar 12, 2024 Chet Milot has joined T. Rowe Price as a director, senior alternative specialist.
Fidelity survey shows family offices plan to increase real estate holdings by Lewis Dayton | Mar 12, 2024 In Fidelity’s recent survey of 83 single-family offices, with a total net worth of $432 billion, 36 percent of respondents indicated that they plan to increase their investments in direct real estate investments over the next three years, while 51 percent said they expect to maintain the level of investment in the sector of that time span.
Drucker Wealth, a $750mm advisory team, launches Independent RIA by Andrea Zander | Mar 12, 2024 Drucker Wealth, a hybrid advisory team with $750 million of assets under management, led by father-son duo Lance and Gideon Drucker, recently launched their own independent registered investment adviser (RIA) based in New Jersey & serving clients nationally.
PWC and Urban Land Institute releases emerging trends report by Andrea Zander | Mar 12, 2024 Industry leaders no longer expect a U-turn to the way things were before the pandemic, according to interviews conducted by PWC and Urban Land Institute in the Emerging Trends in Real Estate 2024 report.
U.S. House approves legislation to offer CITs to 403(b) plan holders by Lewis Dayton | Mar 12, 2024 The United States House of Representatives has approved legislation that makes collective investment trusts (CIT) an option for members of 403(b) plans, writes John Sullivan in a recent article for the National Tax-deferred Savings Association (NTSA).