BREIT Sells Eight-Property $845 Million Portfolio to Brookfield Properties
November 25, 2024
Blackstone Real Estate Income Trust, a publicly registered non-listed real estate investment trust sponsored by private equity giant The Blackstone...
Mari Nicholson
Mari Nicholson is the managing editor of AltsWire. She reports on alternative investments for retail investors that are distributed via broker-dealers and registered investment advisers, as well as topics that affect these investors, financial advisers, and sponsors. Alternative investment funds covered by AltsWire include real estate investment trusts, business development companies, interval funds, closed-end funds, Delaware statutory trusts, utilized for tax-advantaged 1031 exchanges, qualified opportunity zone funds, as well as other unlisted publicly registered offerings and private placement investments.
Articles
Envision Onboards UMB Fund Services’ Transfer Agency to Investor Recordkeeping Platform
November 25, 2024
Envision Financial Systems, a provider of investor recordkeeping technology and services, announced the onboarding of UMB Fund Services’ Transfer Agency...
Wisconsin Court Orders Catalyst Portfolio Manager to Pay $11.2 Million
November 25, 2024
The U.S. District Court for the Western District of Wisconsin entered a final judgment against Edward S. Walczak, a former...
Stanger Increases 2024 Alts Capital Formation Estimate to $120B; BDCs Post $36B Through October
November 25, 2024
Alternative Investment fundraising totaled approximately $97.2 billion through October, led by non-traded business development companies at an estimated $29.2 billion,...
Eagle Point Institutional Income Fund Generates 9.9% Annual Net Return
November 25, 2024
Eagle Point Institutional Income Fund, a non-traded closed-end fund managed by Eagle Point Credit Management LLC, generated a net return...
Cove Capital Seeks $15.4M Capital Raise With Industrial Asset DST in San Antonio
November 25, 2024
Delaware statutory trust sponsor Cove Capital Investments LLC completed the purchase of a small bay industrial asset in San Antonio,...
SEC Fines Three Broker-Dealers for Deficient Suspicious Activity Reports
November 25, 2024
The U.S. Securities and Exchange Commission announced that it has fined three separate broker-dealers a total of $275,000 for failing...
Chair Gensler to Depart SEC on President-Elect Trump’s First Day
November 21, 2024
Gary Gensler, chair of the U.S. Securities and Exchange Commission will step down from his position on Jan. 20, 2025,...
Cerulli: 60% of High-Net-Worth Investors Have Elevated Trust in Advisers
November 21, 2024
Cerulli Associates, an international research and consulting firm, found that investor confidence in their advice providers’ fiduciary commitment has grown...
SEC Charges Advisory Firm La Mancha and Its Owner With Fraud
November 21, 2024
The U.S. Securities and Exchange Commission charged David Kushner, a resident of Boca Raton, Fla., and his company La Mancha...
Report Finds 89% of Alts General Partners Use Artificial Intelligence
November 21, 2024
Investment data management solutions firm Dasseti, in partnership with another alternative investments news publication, recently published a research report showcasing general partners,...
iCapital Portfolio Lets Advisers Integrate Private Equity, Other Alts With Traditional Investments
November 21, 2024
Global fintech platform iCapital has launched the iCapital Growth Model Portfolio, which enables advisers to easily integrate exposure to private equity investments...
Griffin Capital Company Begins Leasing 346-Unit Apartment Community in Houston
November 21, 2024
Private real estate manager Griffin Capital Company has begun leasing Broadstone Oliver, a 346-unit apartment community located in the Lower...
Thompson Thrift Sells Last Watermark Fund Asset, Achieves 34.5% IRR, 2.16 Equity Multiple for Investors
November 21, 2024
National real estate company Thompson Thrift announced it has sold the last remaining property in the Watermark 3G Multifamily Development...
Cohen & Steers REIT Total NAV Up 3.5%; Begins Issuing Class P Shares
November 21, 2024
Cohen & Steers Income Opportunities REIT Inc., a non-listed real estate investment trust sponsored by investment management firm Cohen &...
FINRA Fines MML $700K for Supervisory Failures Related to Consolidated Reports
November 21, 2024
The Financial Industry Regulatory Authority has censured and fined MML Investors Services LLC, a Massachusetts-based financial services firm, $700,000 for...
Ultimus Brings on Quad of Experienced Senior Vice Presidents
November 21, 2024
Ultimus Fund Solutions – an independent provider of full-service, technology-enhanced fund administration, accounting, and investor solutions – announced the addition...
New York Resident Claiming to Be Billionaire Agrees to Settle SEC Fraud Charges
November 21, 2024
A resident of Queens, N.Y., Ian Mitchell, was charged by the U.S. Securities and Exchange Commission with defrauding investors in...
Lightstone REIT Investors Say They Were Misled Into Delaying Liquidation
November 20, 2024
A group of investors in three non-listed real estate investment trusts sponsored and advised by affiliates of David Lichtenstein’s The...
Apollo Realty Income Solutions Total Monthly NAV Rockets Up More Than 10%
November 20, 2024
Apollo Realty Income Solutions Inc., a non-listed net asset value real estate investment trust sponsored by Apollo Global Management Inc.,...
