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Brookfield Asset Management Expands Direct Lending Fund with PosiGen

 
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PosiGen announces expansion of direct lending fund managed by Brookfield.

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NEW ORLEANS — PosiGen has announced that a direct lending infrastructure fund managed by Brookfield Asset Management has expanded its reach to support the growth of renewable energy company PosiGen. This strategic partnership will provide PosiGen with the necessary capital to expand its operations and reach more customers in the clean energy sector.

JPMorgan Chase will revamp its $1.6 trillion asset management unit to compete against the likes of Blackrock and Pimco, a person with direct knowledge of the company's plans revealed. The move is part of JPMorgan's efforts to strengthen its position in the highly competitive asset management industry and attract more investors looking for innovative and sustainable investment opportunities.

Jupiter Asset Management has added a new member to its fund sales team to help grow its US offshore and Latin America distribution. With the increasing demand for investment products in these regions, Jupiter is expanding its team to better serve clients and capture new opportunities in the market.

Wellington Management Closes Inaugural Climate Innovation Fund in Boston, marking a significant milestone for the company. The fund aims to invest in companies driving innovation in climate change solutions, aligning with Wellington's commitment to sustainable investing and addressing environmental challenges.

The Small Business Administration has finalized its rule to increase access and diversify its existing funding program for small businesses. This initiative aims to support the growth and expansion of small businesses across the country by providing more opportunities for financing and capital investment.

Three years of leaking assets in $1 trillion Goldman Sachs Asset Management pushed Lloyd Blankfein to treat the unit like a deal leading to significant changes in the company's asset management strategy. The move reflects Goldman Sachs' commitment to addressing challenges in its asset management division and improving overall performance.

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Harvest is one of the first Chinese asset managers to make sizable layoffs in Hong Kong in recent years, signaling a shift in the Asian financial industry. The move reflects the challenges faced by asset management firms in the region and the need for strategic restructuring to adapt to changing market conditions.

Goldman Sachs CEO David Solomon sheds light on the company's decision to ditch its mass affluent wealth business after four years of operation. The move reflects Goldman Sachs' focus on optimizing its wealth management offerings and aligning with its long-term growth strategy.

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posigenbrookfield asset managementjpmorgan chaseasset managementfund saleswellington managementsmall businessgoldman sachswealth management
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