Bluerock High Income Institutional Credit Fund Raises Distribution Rate to 11%
October 4, 2023
Bluerock High Income Institutional Credit Fund, an income-focused interval fund with a portfolio comprised of pools of diversified collateralized loan...
Rafael Novales
Articles
IPA Elects New Board Members and Appoints Fidelity’s Bill Duffy as Chair-Elect for 2024
October 4, 2023
The Institute for Portfolio Alternatives has elected 11 new members to its board of directors, each elected to a three-year...
FINRA Fines and Suspends Ex-Ameriprise Rep for Failure to Disclose Felony
October 4, 2023
The Financial Industry Regulatory Authority suspended and fined Jean A. St. Pierre after she failed to disclose that she had...
The Wellington Group and TrustWealth Strategies Merge; Combine $750 Million in Assets
October 4, 2023
The Wellington Group and TrustWealth Strategies announced a merger to combine their wealth management firms, creating a combined firm with...
Blackstone REIT Redemption Requests Decline for Fifth Straight Month
October 3, 2023
Blackstone Real Estate Income Trust Inc., a non-traded real estate investment trust sponsored by Blackstone Inc. (NYSE: BX), received redemption...
T. Rowe Price and Oak Hill Advisors Launch Private Credit Fund
October 3, 2023
T. Rowe Price and Oak Hill Advisors announced the launch of their joint investment offering, the T. Rowe Price OHA...
Crescent Capital Launches $2.5 Billion Non-Traded BDC
October 3, 2023
Crescent Capital Group, a global alternative credit investment firm, announced the launch of Crescent Private Credit Income Corp., a non-exchange...
Former Fifth Third Bank Firm with $1 Billion in Assets Joins LPL Financial
October 3, 2023
LPL Financial LLC, the nation’s largest independent broker-dealer, announced that financial advisors Raanan Pritzker, Brian Brenneman, and Neal Foushee have...
SEC Fines 10 Firms a Combined $79 Million in Ongoing Crackdown on Private Electronic Communications
October 2, 2023
The Securities and Exchange Commission announced charges against five broker-dealers, three dually registered broker-dealers and investment advisers, and two affiliated...
Legislation to Enhance and Prolong Opportunity Zones Introduced in US House of Representatives
October 2, 2023
Last week, members of the U.S. House of Representatives introduced the Opportunity Zones Transparency, Extension, and Improvement Act, a legislation...
CION Ares Diversified Credit Fund Increases Distribution Rate
October 2, 2023
CION Ares Diversified Credit Fund declared an increase to its daily base distribution rates for all share classes, effective Oct....
Cottonwood Communities Reports 2.9% Decrease in Monthly NAV Per Share
October 2, 2023
Cottonwood Communities Inc., a publicly registered non-traded real estate investment trust focused on multifamily real estate investments, has reported its...
Comrit Launches New Tender Offer for Shares of Moody National REIT II
October 2, 2023
Comrit Investments 1 LP has launched a new unsolicited tender offer for shares of Moody National REIT II Inc., a...
Greenbacker Suspends Share Repurchase Program
September 29, 2023
Greenbacker Renewable Energy Company LLC, a climate-focused investment manager and independent power producer, announced that on Sept. 23, 2023, their...
Griffin Capital Breaks Ground on Multifamily Development in Arizona Opportunity Zone
September 29, 2023
Griffin Capital Company LLC, a private real estate investment manager and sponsor of opportunity zone funds, together with their joint...
Legendary Capital Adds Familiar Face to Lead Western Sales Efforts
September 29, 2023
Legendary Capital LLC, a sponsor and manager of alternative investment programs including non-traded REITs Lodging Opportunity REIT and Lodging Fund...
SEC Charges Investment Adviser and Affiliates with Real Estate Fund Fraud
September 29, 2023
The SEC brought charges against defendants Charles Tralka, Thomas Braegelmann, Matthew Sullivan, Jordan Goodman, investment adviser Good Steward Capital Management...
Interval Funds Lead Alternative Investment Fundraising Through August
September 28, 2023
Alternative Investment fundraising totaled $44.3 billion year-to-date through August, led by interval funds at $12.1 billion, private placements at $11.3...
Capital Square Names Megan Bosch to Lead Mid-Atlantic Sales
September 28, 2023
Capital Square, a sponsor of tax-advantaged real estate investments and developer of multifamily communities, announced that industry veteran Megan Bosch...
SEC Fines RIA $18 Million for Failing to Disclose Cash Sweep Conflicts
September 28, 2023
The Securities and Exchange Commission announced that Concord, California-based registered investment adviser AssetMark Inc. has agreed to pay more than...
