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Asset Management
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AlbaCore Launches its Senior Direct Lending Strategy, with Commitments from ADIA and Mitsubishi UFJ Trust and Banking Corporation

LONDON--(BUSINESS WIRE)--European credit specialist AlbaCore Capital Group (“AlbaCore”) today announces the launch of a new Senior Direct Lending Strategy (“the Strategy”), having secured anchor investments from a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) and Mitsubishi UFJ Trust and Banking Corporation (the “Trust Bank”). AlbaCore has successfully completed its first close, bringing together an expected $1.8 billion in investable capital. With the launch of the Str...
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James Gorman Joins General Atlantic as Senior Advisor

NEW YORK--(BUSINESS WIRE)--General Atlantic, a leading global investor, today announced that James Gorman will join the firm as a Senior Advisor, effective April 1. Based in New York, Mr. Gorman will advise on enterprise strategy and growth initiatives across General Atlantic’s global, diversified investment platform. A deeply respected executive with significant leadership experience at some of the world’s largest financial institutions, Mr. Gorman brings to General Atlantic a proven track rec...
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CI Financial Announces Debenture Financing to Refinance Existing Indebtedness

TORONTO--(BUSINESS WIRE)--CI Financial announces a debenture offering with a principal amount of $500 million to refinance existing indebtedness....
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Pat Gelsinger Joins Playground Global as General Partner

PALO ALTO, Calif.--(BUSINESS WIRE)--Playground Global, a leading venture capital firm focused on early-stage deep tech, today announced that Pat Gelsinger is joining the firm as General Partner. A visionary leader in computing and semiconductor innovation, Gelsinger brings more than 45 years of experience driving technological advancements, most recently as CEO of Intel and previously as CEO of VMware. At Playground, Gelsinger will invest alongside fellow General Partners Peter Barrett, Jory Be...
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Jefferies Announces First Quarter 2025 Financial Results

NEW YORK--(BUSINESS WIRE)--Jefferies Financial Group Inc. (NYSE: JEF): Q1 Financial Highlights   $ in thousands, except per share amounts Quarter End     1Q25     1Q24   Net earnings attributable to common shareholders $ 127,793   $ 149,641   Diluted earnings per common share from continuing operations $ 0.57   $ 0.69   Return on adjusted tangible shareholders' equity from continuing operations1   8.0 %   9.8 % Total net revenues $ 1,593,019   $ 1,738,203   Investment banking net revenues14 $ 7...
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First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 131 exchange-traded fund(s) (each a “Fund,” collectively, the “Funds”) advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: March 27, 2025 Record Date: March 27, 2025 Payable Date: March 31, 2025 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount   ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Tra...
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BNY Mellon High Yield Strategies Fund Declares Dividend

NEW YORK--(BUSINESS WIRE)--On March 26, 2025, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0175 per share of beneficial interest, payable on April 24, 2025, to shareholders of record at the close of business on April 9, 2025. The ex-dividend date is April 9, 2025. The previous dividend declared in February was $0.0175 per share of beneficial interest. Important Information BNY Mellon Investment Advis...
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Marcus & Millichap’s IPA Capital Markets Division Continues Canadian Expansion

TORONTO--(BUSINESS WIRE)--Marcus & Millichap’s IPA Capital Markets Division Continues Canadian Expansion...
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Mercury Announces $300 Million Series C Round at $3.5 Billion Valuation

SAN FRANCISCO--(BUSINESS WIRE)--Mercury, the fintech ambitious companies use for banking*, credit cards, and software to power all their financial workflows, today announced a $300 million Series C investment round from existing and new investors. The round, led by new investor Sequoia Capital, includes primary and secondary funding and values Mercury at $3.5 billion post-money, more than double its previous Series B valuation of $1.6 billion in 2021. Other new investors include Spark Capital a...
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VistaShares Announces March 2025 Distribution for OMAH ETF

SAN FRANCISCO & BOSTON & NEW YORK--(BUSINESS WIRE)--VistaShares announces the March monthly distribution amount for the VistaShares Target 15 Berkshire Select Income ETF (ticker: OMAH)....