AltsWire

Savvy Wealth, the AI-native RIA, has launched a proprietary private markets program built with Allocate, a platform with $5.8 billion in assets that works with more than 400 advisory firms. The first vintages focus on venture and growth managers. Private equity, income-oriented strategies, and infrastructure are slated for later vintages. Advisers can commit qualified-purchaser clients through a single commitment, with subscription, reporting, and tax documents consolidated on Savvy's platform. Full story on AltsWire: altswire.com/savvy-wealth-la… #PrivateMarkets #VentureCapital #RIA #AI

Vistra Fund Solutions has expanded its Yardi platform to bring real estate debt fund administration, automated property data ingestion and operational reporting into a single workflow, from the loan ledger to the investor statement. The firm said the move responds to managers’ growing push into debt strategies and their need for consistent data to support reporting, analytics and AI applications. Sponsored content: altswire.com/sponsored-vistr… #sponsored, #Vistra, #VistraFundSolutions #Yardi #realestatedebtfund #administration #data #reporting #realestatemanager #operations #analytics #AI #datalifecycle #module

The SEC has charged two Colorado-incorporated entities over a crypto scheme that allegedly raised more than $130 million from tens of thousands of retail investors. According to the complaint, BG Wealth Sharing and DSJ Exchange pointed investors to their own Form ADV and Form D filings, along with fake SEC certificates, as proof of regulatory approval. Investors lost more than $100 million, the SEC said. Neither entity was registered with the agency. It's the latest in a run of SEC cases over false exempt reporting adviser filings, following the agency's August action against 38 entities. Read more on AltsWire: altswire.com/sec-charges-two… #SEC #FormADV #FormD #InvestmentScheme

Nontraded REIT fundraising reached $5.0 billion through September 2026, up 15.9% from the same period last year, according to Robert A. Stanger & Co. Performance held up too. The Stanger Public NAV REIT Total Return Index rose 1.6% in Q3, its seventh consecutive quarterly gain, and the Composite NAV REIT Index gained 1.8%, its 11th straight positive quarter. The three major listed REIT benchmarks tracked by Stanger fell an average of 6.2% over the same stretch. PGIM Real Estate Fund, Cantor Fitzgerald Income Trust, FS Credit Real Estate Income Trust, and Strategic Storage Trust VI were among the period leaders. Full breakdown on AltsWire: altswire.com/nontraded-reit-… #NontradedREITs #AlternativeInvestments #Stanger

Griffin Capital's push into build-to-rent has its first capital raise done. The firm has fully subscribed a $23.5 million DST that owns Meadow+Main, a 138-home build-to-rent community outside Tulsa. Griffin acquired the property in January on behalf of Griffin Capital Residential Partners, the dedicated build-to-rent division it launched in September 2025 under former Capital Square and Amherst executives Jonathan Trott and David Platter. Griffin said the deal marked its expansion into the sector. It also said it is sourcing more rental housing for future 1031 exchange programs. Read more on AltsWire: altswire.com/griffin-capital… #BuildToRent #DST #1031Exchange

CAIS is taking its CAISey AI agent beyond its own platform. The firm is joining Anthropic’s Claude for Financial Advisors with a new connector that pulls client-level alternatives data into Claude, alongside the CRM and custody tools advisers already use. It’s the next step after CAIS’s May integration with Claude, which focused on fund research. CAISey is now deployed to nearly 25,000 advisers on the CAIS platform. Read more on AltsWire: altswire.com/cais-connector-… #AI #FinancialAdvisors #PrivateMarkets

While several of the largest nontraded BDCs are still prorating redemptions, Fidelity Private Credit Fund has filled every tender request for four straight quarters, and demand is now easing. Third-quarter requests fell to 2.5% from about 3% in the second quarter, and net investment income covered the distribution. The pressure points are elsewhere. Realized losses rose to $0.18 per share on two broadly syndicated loan restructurings, NAV slipped to $24.48, and leverage moved up to 0.92x. The story is on AltsWire: altswire.com/fidelity-bdc-fi… #PrivateCredit #NontradedBDC #Fidelity

Supervisory procedures only work if the problem reaches the firm. For nearly a decade, a broker settled client complaints out of his own pocket. He paid $139,000 to two customers who had put retirement savings into REITs and other alternative investments he recommended. None of his five broker-dealers knew. One firm received his written attestations, three years running, that no such payments existed. It surfaced only when the clients went to arbitration. This week, FINRA suspended the broker for two months and fined him $5,000. Read more on AltsWire: altswire.com/finra-suspends-… #FINRA #Compliance

$2.4 billion less debt. A $3.4 billion smaller portfolio. A supplemental payout down 29%. HPS Corporate Lending Fund's monthly filings show the BlackRock-owned nontraded BDC steadily shrinking its balance sheet through 2026. Principal debt fell to $10.95 billion as of Sept. 30 from $13.39 billion in January, and average leverage dropped to about 0.88x from 1.02x. The Class I variable supplemental distribution has been set at $0.039 for four straight months, down from $0.055 at the start of the year. NAV per share has held at $24.45 since July. Full story on AltsWire: altswire.com/blackrocks-hlen… #PrivateCredit #nontradedBDC #BlackRock

With only two weeks until conversion, we have increased clarity on final asset retention, which we now expect to be approximately 83%.” That was LPL Financial CEO Rich Steinmeier on Tuesday’s earnings call, confirming that LPL will fall short of the 90% Commonwealth Financial Network retention target it held for 18 months. CFO Matt Audette said LPL was at about 85% of signed advisers last quarter, before a small number of advisers who had signed decided not to stay. LPL still expects $415 million in run-rate EBITDA from the deal by the end of 2027, and sponsor agreements are among the first synergies it expects to capture after the mid-November conversion. Full story at AltsWire: altswire.com/lpl-trims-commo… #WealthManagement #BrokerDealer #LPLFinancial

One fund closes out as the OZ program resets. Origin Investments’ final QOZ Fund III investment is a 190-unit apartment community in Old Town Scottsdale, developed with Mill Creek Residential. It arrives weeks before the original opportunity zone program’s Dec. 31 deferral deadline and the January launch of the permanent OZ 2.0 framework. For advisers with clients holding OZ 1.0 positions, the transition is worth watching. Full story on AltsWire: altswire.com/origin-closes-o… #OpportunityZone #OriginInvestments #Multifamily

Morgan Stanley is combining two of its nontraded BDCs into one. North Haven Private Income Fund A, a roughly $289 million fund, will merge into its much larger sibling, North Haven Private Income Fund. Once the deal closes, PIF will offer both Class S and Class I units across brokerage and advisory channels, with a base management fee cut to 1% from 1.25%. It's PIF's second consolidation of a BDC run by the same adviser, after its 2024 acquisition of SL Investment Corp. Read more on AltsWire: altswire.com/morgan-stanleys… #NontradedBDC #PrivateCredit #BDC

About 30% of Inland’s sales now go through the RIA channel, and a meaningful share comes from standalone RIAs buying traditional, illiquid offerings. That’s one of several takeaways from AltsWire’s “Five Questions for…” interview with Matthew Fries, president and CEO of Inland Real Estate Investment Corporation. Fries also discusses the firm’s post-founder reorganization, competition from institutional 721 programs, and plans for the permanent opportunity zone program. Full interview at AltsWire: altswire.com/five-questions-… #RIA #OpportunityZones #Leadership #OneInland

Blue Owl Capital's two largest nontraded BDCs repurchased about $1.07 billion of shares in their third-quarter tender offers, according to final results filed Oct. 26. Both funds held to their 5% caps. Blue Owl Credit Income Corp. (OCIC) bought back about $931.1 million, filling 29.8% of tendered shares. Requests equaled 16.8% of shares outstanding. Blue Owl Technology Income Corp. (OTIC) bought back about $137.2 million, filling 12.8% of tendered shares. Requests equaled 39% of shares outstanding. OTIC's NAV per share stood at $9.85 on Sept. 30, compared with $10.38 at the end of 2025. Full story at AltsWire: altswire.com/blue-owl-bdcs-p… #NontradedBDC #PrivateCredit #BlueOwlCapital #Redemptions

Cantor Fitzgerald Asset Management and Lincoln Energy Partners have launched the Cantor Fitzgerald Energy Fund, an interval fund that invests in non-operated U.S. oil and gas interests. The fund launched with a portfolio of about 3,000 wells and more than 200 operators. That portfolio came from merging Lincoln’s private predecessor fund into the new vehicle in an Oct. 23 tax-free reorganization. The fund offers daily NAV pricing, monthly distributions, and quarterly repurchase offers of at least 5%, with the first expected in December. Read the full story on AltsWire: altswire.com/cantor-fitzgera… #IntervalFund #OilAndGas #Energy

Most 721 exchanges into ExchangeRight’s Essential Income REIT come from the sponsor’s own DST investors. This one came from an outside firm. Brixton Capital contributed the Dow Texas Innovation Center, a 664,100-square-foot R&D campus fully leased to Dow, in exchange for operating partnership units in the REIT. The deal comes the same month the REIT absorbed two more of the sponsor’s DSTs, bringing its total to 30. Read more on AltsWire: altswire.com/exchangeright-r… #NontradedREIT #721Exchange #NetLease #RealEstateInvesting

Investors who bought into Healthcare Trust as a nontraded REIT can now sell their shares on Nasdaq. On Oct. 18, all 44.3 million Class A shares from National Healthcare Properties' April IPO automatically converted into common stock. That opened public trading to roughly 28.6 million shares held largely by the REIT's original retail investors, who had no listed market until now. Those investors paid the equivalent of $100 a share after a 2024 reverse split. The IPO priced at $12. The board's last estimated NAV was $32.15. Full story on AltsWire: altswire.com/former-nontrade… #Liquidity #NationalHealthcareProperties #Nasdaq

One year after stepping down from Inland, where he spent nearly 25 years and helped grow Inland Private Capital's tax solutions platform to more than $13 billion in AUM (per Inland, as of Dec. 31, 2025), Lampi has been named CEO of Bluerock Tax Solutions, a new division at the $20 billion-plus alternative asset manager. He'll oversee Bluerock's expanding lineup of qualified opportunity zone and 721 exchange strategies for the wealth channel, building on the firm's 21-year history as a DST sponsor. Full story on AltsWire: altswire.com/inland-veteran-… #KeithLampiisback #Leadership #721Exchange #OpportunityZones #BluerockTaxSolutions

LaSalle Investment Management has hired Michael Raso as global head of private wealth, handing him the group behind JLL Income Property Trust, which has raised more than $7.1 billion since 2012, and JLL Exchange, which the company says has placed more than $2.5 billion of investor capital across 30 DST offerings. Raso, who spent the past 12 years running Americas intermediary and retail distribution at PineBridge Investments, takes over LaSalle's Private Wealth Group on Jan. 1, 2027. He succeeds Allan Swaringen, who built the platform and stays on as CEO of JLL IPT. Full story on AltsWire: altswire.com/lasalle-taps-pi… #LaSalle #PrivateWealth #Leadership

Inspired Healthcare Capital’s former CEO Luke Lee wants the company’s own insurance to pay his legal bills, all while a creditors’ committee investigation into his personal finances keeps widening. Lee is asking the bankruptcy court to let a $10 million director-and-officer insurance policy cover his defense costs. His own motion for that relief includes a notable line: the company isn’t even certain whether the SEC is investigating. The hearing on his request, originally set for October, has now been pushed to December. Meanwhile, the Rule 2004 investigation into Lee keeps turning up new threads: five entities now named, an open question over whether he personally guaranteed investment-fund loans, and a parallel discovery fight against a former national sales manager that’s dragged on even longer. Full story at AltsWire: altswire.com/inspired-health… #bankruptcy #seniorliving #restructuring #chapter11