Sales by nontraded REITs were up 8.8% in November compared to October. November sales for IF and CEF funds that were reported to Blue Vault totaled $146.3 million, down 13.2% from the $168.6 million reported in October.
Asset Manager News & Perspectives
December 13, 2017
LPL retains $1.6B Zuk Financial Group
Zuk Financial Group, a Lake Forest, Calif.-based hybrid that oversaw $1.6 billion in client assets while affiliated with National Planning Corp., has decided to remain with that firm's new owner, LPL Financial.
December 13, 2017
FS Investments and EIG Global Energy Partners to Form Partnership to Manage $4 Billion FS Energy and Power Fund
FS Investments, a leading alternative investment manager with more than $20 billion in assets under management, today announced that it has entered into an agreement to create a joint venture with EIG Global Energy Partners (EIG), a global alternative investment firm focused on energy and energy-related infrastructure.
December 13, 2017
NexPoint Capital, Inc. BDC Increases Offering Price
On December 13, 2017, NexPoint Capital, Inc. increased its public offering price from $10.48 per share to $10.52 per share.
December 13, 2017
Colony NorthStar Signs Letter of Intent with S2K to Create “Colony S2K”
Colony NorthStar, Inc. (NYSE:CLNS) strengthened its commitment to its retail distribution platform Tuesday by signing a non-binding letter of intent with S2K Financial Holdings LLC (“S2K”) regarding the combination of Colony NorthStar’s broker dealer, NorthStar Securities, LLC (“NorthStar Securities”) with S2K to create a market leading broker dealer retail distribution business.
December 12, 2017
Cottonwood Residential Completes $166.5 Million Master Credit Facility, Encompassing Seven Multifamily Properties
The initial draw under the facility was secured by seven assets, totaling 1,863 units, located in four states.
December 12, 2017
Benefit Street Partners closes $2.55 billion debt fund
Benefit Street Partners, the credit arm of private equity firm Providence Equity Partners, closed its most recent credit fund, Benefit Street Partners Debt Fund IV, at its $2.55 billion hard cap.
December 12, 2017
Mentos, Diet Cokes and Creative Wholesaling – Steve Spangler
Do advisors look forward, with much anticipation, to your next visit?
December 12, 2017
Industry opponents urge appeals court to rule on DOL fiduciary rule
Plaintiffs cite the two provisions of the regulation that became applicable in June, which they claim are 'imposing direct, substantial and continuing burdens on appellants' members'
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