The DI Wire

Private real estate manager Griffin Capital Company has begun leasing Broadstone Oliver, a 346-unit apartment community located in the Lower Heights neighborhood of downtown Houston. Griffin Capital Company, LLC Paul De Martini #GriffinCapitalCompany #Griffin #alternativeinvestments #apartment #multifamily #offering #Houston #Texas

Global fintech platform iCapital has launched the?iCapital?Growth Model Portfolio, which enables advisers to easily integrate exposure to private equity investments with traditional public market investments. According to the company, the growth model portfolio complements its existing suite of both?iCapital-designed and customized model portfolios and provides financial advisers an additional tool to help build out allocations to alternatives. iCapital Steve Houston Lawrence Calcano #AI #alternativeinvestments #iCapital #technology #AltExchange #data #financialadvisers #assetmanagers #acquisition #reporting #clientportfolios #privateequity #growthmodelportfolio #Architect

Investment data management solutions firm Dasseti,?in partnership with another alternative investments news publication,?recently published a research report showcasing general partners, or GPs, in the?alts industry?and their viewpoints on artificial intelligence. Dasseti LPL Financial #alternativeinvestments #investing #adviser #brokerdealer #artificialintelligence #AI #machinelearning #ChatGPT #Gemini #LPL #LPLFinancial #GenAI #GenerativeAI #realestate #privateequity #privatecredit #generalpartner #technology #privacy #security #risks

The U.S. Securities and Exchange Commission charged David Kushner, a resident of Boca Raton, Fla., and his company La Mancha Funding Corp. with defrauding nearly two dozen investors out of approximately $2.1 million from September 2018 to April 2021 in a series of private securities offerings. Kushner is La Mancha’s president and sole owner. ? #fraud #SEC #SecuritiesandExchangeCommission #Florida #LaMancha #investors #loans #professionalathletes #sportsagents #NFL #limitedliabilitycompanies #personalexpenses #misrepresentations #fiduciaryduty #privatesecurities

Cerulli Associates, an international research and consulting firm, found that investor confidence in their advice providers’ fiduciary commitment has grown substantially; however, 40% of affluent investors remain skeptical. Cerulli Associates Scott Smith Bing Waldert #Cerulli #research #consulting #financialadvisers #bestinterest #highnetworth #affluent #investors #RIA #registeredinvestmentadviser #trust

Gary Gensler, chair of the U.S. Securities and Exchange Commission will step down from his position on Jan. 20, 2025, when President-elect Donald Trump takes office. Although the official SEC announcement came this week, Gensler has not been immune to criticism for what some have called overstepping the agency’s authority. Further, the president-elect has openly expressed plans to replace Gensler. #SEC #SecuritiesandExchangeCommission #Trump #administration #chair #Gensler #leadership #staffingchange #capitalmarkets #treasury #equity #corporategovernance #disclosure #enforcement #crypto #investors

A resident of Queens, N.Y., Ian Mitchell, was charged by the U.S. Securities and Exchange Commission with defrauding investors in an offering fraud scheme. Mitchell agreed to settle the SEC’s charges. #SEC #fraud #SecuritiesandExchangeCommission #NewYork #billionaire #settle #investors #stock #IPO #wirefraud #initialpublicoffering #Mitchell

Ultimus Fund Solutions – an independent provider of full-service, technology-enhanced fund administration, accounting, and investor solutions – announced the addition of four senior professionals to its management team. The hires are intended to enhance critical client support functions and strategic growth areas. Ultimus Fund Solutions Apex Group Ltd ACA Group Gary Tenkman Jessica Chase Lance Christofferson Kerric Kynard, CMFC? CRPC? Jennifer Myers #UltimusFundSolutions #seniorvicepresident #hire #alternativeinvestments #retail #transferagent #businessdevelopment #growth #UltimusRegisteredAlternativesGateway #closedendfund #intervalfund #tenderofferfund #businessdevelopmentcompany #realestateinvestmenttrust #BDC #REIT

The Financial Industry Regulatory Authority has censured and fined MML Investors Services LLC, a Massachusetts-based financial services firm, $700,000 for supervisory failures related to consolidated reports. #alternativeinvestments #brokerdealer #RIA #financialservices #brokerage #registeredinvestmentadviser #FINRA #FinancialIndustryRegulatoryAuthority #MML #MMLInvestorsServices #consolidatedreports #supervisoryfailure #oversight

Cohen & Steers Income Opportunities REIT Inc., a non-listed real estate investment trust sponsored by investment management firm Cohen & Steers (NYSE: CNS), reported that its total net asset value increased in value by approximately 3.5% month-over-month. The NAV was approximately $71.7 million at the close of October 2024 and $69.3 million at the close of September 2024. Cohen & Steers COHEN & STEERS CAPITAL MGT., INC James S. Corl #CohenSteers #CohenSteersIncomeOpportunitiesREIT #realestateinvestmenttrust #NAV #netassetvalue #ClassP #TheSterlingOrganization #acquisition #realestate #securities #alternativeinvestments