Finance

Bain Capital-backed Carson Group has acquired $300 million FAI Wealth Management, a Columbia, MD-based advisory firm that specializes in financial planning and investment management services for individuals, families and businesses. Financial terms of the deal were not disclosed. The team of seven will continue to be led by managing director and wealth advisor, Mark Stinson. ...

The Washington State Investment Board (WSIB) recently announced commitments to renewable energy strategies and impact investments totaling $1.8 billion. A $300 million investment was made to Schroders Greencoat Woodmont Renewables, a separately managed account managed by Schroders Greencoat, as part of the $10.8 billion real assets program. TowerBrook Delta ($100 million); KKR Global Impact Fund ...

Värde Partners, an alternative investment firm headquartered in Minneapolis, has raised nearly $1.5 billion for asset-based lending opportunities through the Värde Asset Lending Fund II and related accounts and co-investments. The company originates loans and provides financing services for consumers, businesses and lenders. The firm invests in lending strategies across finance (auto, equipment and personal ...

Since the Federal Reserve began hiking interest rates in March 2022, US banks have reported unrealized losses in their securities portfolios. These portfolios will undergo additional pressure in the third quarter as interest rates have continued to rapidly rise. KBRA Financial Intelligence, a division of KBRA Analytics, identified a sample of banks based on securities ...