Avana Companies and funds managed by Oaktree Capital Management have formed the new $250 million Avana-Oaktree Private Credit Partnership as part of a direct private commercial real estate lending strategy. Through the joint venture, Avana will use the capital to provide private debt financing in the United States over the next three years.

Avana, Oaktree form $250M joint venture

24/7 Wall St.

24/7 Wall St. Insights Companies that pay ultra-high-yield dividends are perfect for those seeking passive income. With interest rates set to fall, dividend stocks will move back in favor. Grab this free report today: Access 2 legendary, high-yield dividend stocks Wall Street loves While most of Wall Street focuses on large and mega-cap stocks, as […]
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5 Sizzling Stocks Under $5 That Pay Massive Ultra-High-Yield Dividends

SmartAsset

Real estate investment trusts (REITs) offer an accessible way to invest in real estate without having to own a physical property. These investment vehicles pool money from multiple investors to buy, manage, or finance income-producing real estate across commercial, residential and industrial sectors. If you're interested in building a real estate portfolio, a financial advisor […] The post How to Invest in Real Estate Investment Trusts (REITs) appeared first on SmartReads by SmartAsset.

How to Invest in Real Estate Investment Trusts (REITs)

The Motley Fool

One of the world's most successful hedge fund managers boasts an extremely concentrated portfolio, so it attracts attention when he makes big changes.

Billionaire Investor Bill Ackman Has 100% of His $10 Billion Portfolio in Just 9 Stocks, But There Were Seismic Changes During the Quarter

DWS is expanding its global private credit operations with the addition of four executives within its real estate credit business announced this week. Jay DeWaltoff has joined as head of U.S. Real Estate Debt in the firm’s New York offices reporting directly to Todd Henderson, co-global head of Real Estate and head of Real Estate […]

DWS hires from J.P. Morgan for RE debt

New York Post

Billionaires Bill Ackman, Ken Griffin and Julia Koch are reportedly set to open up their respective mansions in the Hamptons to host events for the Milken Institute next week — posh shindigs where attendees pay as much as $200,000 to rub elbows with influential figures from politics, business, tech and journalism. 

The events are being described as a boutique version of the annual Milken Institute Global Conference that is traditionally held in Los Angeles and which attracts leaders in finance, government, philanthropy and academia who gather to discuss the burning issues of the day.

The talks and networking events at the...

Bill Ackman, Ken Griffin and more to host $200K-per-head Milken Institute events in Hamptons mansions

Colorado State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Reuters

NEW YORK (Reuters) - A handful of institutional investors bought large positions in former President Donald Trump’s media company in the second quarter ahead of the company's inclusion in two Russell indexes, regulatory filings released on Wednesday showed.

BlackRock, Vanguard big purchasers of Trump Media shares in Q2, filings show

Carrollton, TX

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

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Trailer Empire

In a real estate play that rivals his prowess on the basketball court, former NBA star Shaquille O’Neal has swiftly sold his Texas mansion for $1.7 million, just a month after listing it. This rapid sale not only highlights O’Neal’s shrewdness in property investments but also signifies a significant profit from his original purchase.

Shaquille O’Neal Scores Big in Real Estate: Texas Mansion Sold in Just One Month for $1.7 Million

Minnesota State

The $146 billion Minnesota State Board of Investment has added four funds to its private equity portfolio as its growing private markets program targets 25% of assets across the fund, which comprises retirement and non-retirement assets. The moves follow the more than $600 million in commitments approved by trustees in...

Minnesota fund adds $900m to PE funds

North Carolina State

Town Talks

Maine lobster, Alaska salmon, and catfish from the Louisiana bayou—across the United States, you can find some of the best fish and seafood around. Whether you enjoy classic dishes like lobster rolls, gumbo, and clam chowder or prefer international options such as sushi and fish tacos, there's a seafood restaurant in the country that will impress you.

North Carolina Eatery Crowned 'The Best Seafood Restaurant' in The State

Fidelity actively participates with 176,626 BTC held, emphasizing strong institutional engagement in the cryptocurrency market. Predictions suggest Bitcoin ETFs might hold more than Nakamoto as early as October 2024 due to rapid acquisition rates. U.S.-based Bitcoin ETFs are approaching a pivotal moment where they might soon hold more Bitcoin than...

BlackRock and Fidelity Are Hoarding Bitcoin: Could They Control the Future of Crypto?

Warburg Pincus, a global growth investor, has invested $100m in Miami International Holdings (MIH), a technology-driven leader in building and operating regulated financial markets across multiple asset classes. Subject to certain conditions, Warburg Pincus may expand its investment in MIH to support additional growth. “Our investment provides capital at a...

Warburg Pincus Backs Miami International Holdings with $100m

Eden, NC

North Carolina is the 28th largest state by area but boasts the seventh-highest number of counties in the country. If you’re searching for an affordable place to call home in North Carolina, you’re in luck. This diverse and picturesque state offers a range of options that won’t break the bank.

North Carolina City Has Been Named the Cheapest Place to Live in The State

Aware Real Estate, in partnership with Barings, acquired the Austrak Business Park in Melbourne’s northern suburb of Somerton for A$600 million ($405 million). The deal expands Aware Real Estate’s industrial footprint in the state of Victoria and aligns with its strategy of acquiring well-located assets with strong tenants and value-add potential through development.

Aware Real Estate, Barings partner on $400m Australia acquisition

The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

Nestle has replaced its CEO Mark Schneider with company veteran Laurent Freixe. The Swiss firm said in a statement Thursday that Schneider, who was at the helm for eight years, "has decided to relinquish his roles as CEO and member of the board of directors." Freixe, who joined Nestle in...

Nestle CEO departure seen as 'not such a bad thing' for investors, analyst says

Third Point continued to add to its credit team with the recent hire of Matthew Ressler, who joins from Apollo Global Management. Ressler spent almost five years in Apollo’s private equity department and was welcomed by Chris Taylor, who was named head of Private Credit at the New York firm last September. Ressler is the […]

Third Point builds up credit team

TheStreet

Seven & I, parent of 7-Eleven, is in talks with Canada’s Alimentation Couche-Tard.

7-Eleven parent company on verge of mega merger

Texas State

Austin, TX

The $48 billion Texas County & District Retirement System (TCDRS) in Austin added two funds within its credit programs so far this month. The commitments were made within strategic credit and direct lending programs that total $4.5 billion and $6.9 billion, respectively. Both strategies returned just over 12% for the year through June 30. In […]

Texas pension adds $200m to credit strategies

NewsBreak

Oaktree launches $250m CRE lending partnership

Oaktree Capital Management and AVANA Companies launched a new joint venture aimed at boosting private debt financing in the U.S. commercial real estate (CRE) sector. The...

Oaktree launches $250m CRE lending partnership

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