MoonPay to acquire North Capital, adding a secondary venue for nontraded alts
PPEX, the ATS North Capital operates, has executed more than 84,000 trades this year and 2026 volume has already passed 2025's total, according to the companies.
Frost and LPL recruit UBS and Raymond James advisor teams
A three-advisor Fowler team moved from Raymond James to LPL, and the Tavarez, Barnett & Steen team left UBS for Frost Brokerage Services, while a second UBS advisor followed to Frost Investment Services.
ARK and Securitize announce a tokenized ARKVX share class on Ethereum
A September SEC order lets the fund carry conventional, exchange-listed and tokenized share classes inside one registered closed-end fund, with Securitize as infrastructure provider.
Sterling doubles the OP unit lockup, leaving retail's one-year minimum in place
The nontraded REIT's acquisition currency now takes twice as long to redeem, while the retail share class keeps its one-year clock.
VineBrook borrows $25 million from adviser affiliate to fund discounted tender
The loan clears a financing condition on a tender offer priced 37% below June 30 NAV and gives the affiliated lender a minimum-NAV covenant.