Connect Money

09/18/2025

Following weeks of weak labor market data, the Federal Reserve delivered a widely expected quarter-point rate cut today, taking the federal funds target range to 4.00%-4.25% and marking the start of a new easing cycle. Markets have seen this before: in September 2024, the Fed initiated rate cuts from a 5.5% ceiling with an initial 50-basis-point move, followed by two additional quarter-point reductions. Yet instead of a smooth decline, the 10-year Treasury yield surged roughly 120 basis points between September and December 2024, reversing its pre-cut decline.

Read more: https://hubs.la/Q03JXMXM0

Following weeks of weak labor market data, the Federal Reserve delivered a widely expected quarter-point rate cut today, taking the federal funds target range to 4.00%-4.25% and marking the start of a new easing cycle. Markets have seen this before: in September 2024, the Fed initiated rate cuts fro...

09/18/2025

Blue Owl Capital Inc. has launched the Blue Owl Alternative Credit Fund (OWLCX), its first interval fund designed to open access for individual investors to a broad spectrum of alternative credit assets. The firm secured $850 million in initial capital commitments through its global private wealth channel, making OWLCX one of the largest interval fund launches on record, according to Robert A. Stanger & Company, Inc.

Read more: https://hubs.la/Q03JXMNB0

Blue Owl Capital Inc. has launched the Blue Owl Alternative Credit Fund (OWLCX), its first interval fund designed to open access for individual investors to a broad spectrum of alternative credit assets. The firm secured $850 million in initial capital commitments through its global private wealth c...

09/05/2023

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01/21/2023

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01/21/2023

One does not make a trend, but three? Private equity firm KKR & Co. announced it is limiting withdrawals from its real estate investment trust (REIT) – Real Estate Select Trust (KREST), following similar decisions at REITs managed by Blackstone Inc. and Starwood Capital.

disclosed in a regulatory filing that investors holding more than 8% of the ’s $1.6 billion in net assets requested withdrawals during a first quarter offering period, surpassing its quarterly limit of 5%.

allowed investors to redeem $79.3 million, which is equivalent to approximately 62% of the total investors’ repurchase requests of about $128 million.
More details: https://www.connectmoney.com/stories/kkr-joins-blackstone-starwood-in-limiting-reit-withdrawals/

One does not make a trend, but three? Private equity firm KKR & Co. announced it is limiting withdrawals from its real estate investment trust (REIT) – Real Estate Select Trust (KREST), following similar decisions at REITs managed by Blackstone Inc. and Starwood Capital. KREST disclosed in a regul...

01/21/2023

, a startup that provides digital automotive engagement software for manufacturers, marketplaces and dealers, raised $104 million led by private equity firm Silversmith Capital Partners and additional investment from .

The funding will be used to ramp up growth through product expansion and M&A activity to meet industry demand for automation and digital technology solutions.

NY-based Impel’s platform allows car shoppers to have a more tactical buying experience online. With around 100 partners in the automotive space, Impel has been involved in $2 billion worth of car sales since its inception in 2011 and has grown its revenue by 100% in the past two years.
More details: https://www.connectmoney.com/stories/digital-platform-for-cars-buyers-impel-lands-104m-led-by-silversmith-capital/

Impel, a startup that provides digital automotive engagement software for manufacturers, marketplaces and dealers, raised $104 million led by private equity firm Silversmith Capital Partners and additional investment from Wavecrest Growth Partners. The funding will be used to ramp up growth through....

01/19/2023

Crypto lender , a subsidiary of Digital Currency Group ( ), has halted withdrawals and is in the final stages of preparation to file for Chapter 11 bankruptcy, according to multiple media reports.

The company might confirm the bankruptcy filings within the week if it fails to raise any cash.

Genesis previously said it was considering a bankruptcy filing if it were unable to raise cash amid a liquidity crunch — a situation like Sam Bankman-Fried’s crypto exchange FTX before it filed for Chapter 11 in November and crypto hedge fund Threearrowscapitals, to which Genesis loaned $2.4 billion before it went bust.

The report followed the U.S. Securities and Exchange Commission announcing on January 12 that it had charged Genesis and crypto exchange Gemini with offering unregistered securities through Gemini’s “Earn” program.
More details: https://www.connectmoney.com/stories/crypto-lender-genesis-reportedly-preparing-to-file-for-chapter-11/

Crypto lender Genesis Global Capital, a subsidiary of Digital Currency Group (DCG), has halted withdrawals and is in the final stages of preparation to file for Chapter 11 bankruptcy, according to multiple media reports. The company might confirm the bankruptcy filings within the week if it fails to...

01/19/2023

S&P Global will sell its engineering solutions business to investment funds managed by private equity giant KKR & Co. for $975 million in cash.

is making the investment through its North America Fund XIII.

The New York financial data giant anticipates the divestiture to result in proceeds of approximately $750 million after tax, which are expected to be used to fund share repurchases.

The decision comes after S&P Global announced it would sell the business unit in November, which serves more than 6,000 customers in the aerospace, defense, energy and architecture industries, among others.
More details: https://www.connectmoney.com/stories/sp-global-to-unload-its-engineering-solutions-business-to-kkr-for-975m/

S&P Global will sell its engineering solutions business to investment funds managed by private equity giant KKR & Co. for $975 million in cash. KKR is making the investment through its North America Fund XIII. The New York financial data giant anticipates the divestiture to result in proceeds of app...