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Non-Traded REITs Exceed 2019 Projections with $11.8 Billion Raised

Non-traded REITs closed out 2019 with more than $11.8 billion raised, their highest fundraising total since 2014, according to investment bank Robert A. Stanger...

FINRA Files Complaint Against Broker for Unsuitable REIT and BDC Investments

The Financial Industry Regulatory Authority has filed a complaint against Southeast Investments broker Mercer Hicks III, aka Toby Hicks, alleging that he made unsuitable...

FS/KKR Closes $9.5 Billion Merger Creating Second Largest BDC

FS/KKR Advisor LLC, a partnership between FS Investments and KKR Credit Advisors LLC, has closed the mergers of four non-traded business development companies: FS...

FS Investments to Buy $1.8 Billion Investment Boutique

FS Investments, an alternative investment manager with more than $24 billion in assets under management, has agreed to purchase Chiron Investment Management, a global...

SEC Charges Former First Capital REIT CEO with Defrauding Investors and...

The Securities and Exchange Commission has charged Suneet Singal and three entities with two separate frauds, one relating to a non-traded business development company...

ADISA Names 2020 Board of Directors

The Alternative & Direct Investment Securities Association (ADISA), a trade association representing the alternative and direct investment space, announced the 2020 directors for its...

November Non-Traded REIT Sales Exceed $1.2 Billion, On Pace to Raise...

Non-traded real estate investment trusts raised $1.2 billion in November and are on pace to raise a total of $11 billion in 2019, according...

StHealth BDC Appoints Former Florida Senator as Interim Director

The board of StHealth Capital Investment Corporation, a publicly-registered, non-traded business development company formerly known as First Capital Investment Corp, has appointed former Florida...

FS/KKR Receives Shareholder Approval for Non-Traded BDC Merger

FS/KKR Advisor LLC, a partnership between FS Investments and KKR Credit Advisors LLC, announced that the shareholders of four business development companies under its...

Owl Rock Announces Minority Investment by Neuberger Berman Affiliate

Owl Rock Capital Group, an alternative asset management firm, has sold a passive, non-voting minority stake to Dyal Capital Partners, a division of Neuberger...