---
title: "AGM Alts & Wealth Weekly News Roundup | 5.15.26"
url: https://stacklist.com/card/80e21cf1-47b2-4a30-89ad-2d1d9ee32e64
source_url: "https://altgoesmainstream.substack.com/p/agm-alts-and-wealth-weekly-news-roundup-8bf"
stack: https://stacklist.com/c/finance/stack/4e9a6b47-d2ca-4b21-8344-f70c4f000e5e
summary: "AGM Alts & Wealth Weekly News Roundup for May 15, 2026 covers key developments in private markets and wealth management, including RIA acquisitions, AI-powered advisor tools, and evergreen fund strategies. The roundup highlights partnerships and product launches from firms like Corient, Vestmark, Schwab, Franklin Templeton, iCapital, and CAIS advancing private markets access and infrastructure."
tags: "private-markets, wealth-management, alternative-investments, evergreen-funds, ria, fintech, ai-tools"
key_entities: "Michael (person), Adam Malamed (person), Jon Beatty (person), AGM (organization), Sanctuary Wealth (organization), Corient (organization), Capital Advisors (organization), Vestmark (organization), Schwab (organization), Altruist (organization), Franklin Templeton (organization), Corastone (organization), Coatue (organization), CAIS (organization), iCapital (organization), Ultimus Fund Solutions (organization), LYNK Markets (organization), Distributed Ledger Technology (technology), AI-powered portfolio monitoring (technology), semi-liquid funds (concept), private markets access (concept), New York City (location), RIA Field Trip (event)"
classification: "notes"
content_hash: "sha256:eb3a203ace2f5c764d3612782cbaa1102153727c4a7ada92e32d69859992f9fe"
acp_version: "0.2"
token_counts_approximate: 3288
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status: "final"
---

# AGM Alts & Wealth Weekly News Roundup | 5.15.26

AGM Alts & Wealth Weekly News Roundup | 5.15.26 The news of the week in private markets and wealth management Michael May 15, 2026 12 Share 👋 Hi, I’m Michael. Welcome to AGM, the meeting place for private markets . Every Friday, I share headlines and news on the continuing evolution and innovation in private markets. If you also want deep and nuanced industry analysis, subscribe below so you don’t miss the long read and newsletter — the AGM Alts Weekly — delivered to your inbox every Sunday. Subscribe If you have relevant news or an article or research report to share, please email me at michael@theagmcollective.com. AGM has launched the AGM Community and AGM Events ! We’ve also built out the AGM Community RIA Advisory Board , an experienced, thoughtful, and intellectually curious group of private wealth management and private markets executives and operators, to help shape the direction of AGM Community. Learn more about AGM Community The inaugural RIA Field Trip is all set for May 19–20 in New York City. We have an exceptional group of RIAs and GPs joining for a highly curated, uniquely structured, exciting 2-day program. If you’re an RIA or a GP and you’re interested in joining the wait list for the next Field Trips on October 6-7 or November 17-18 in NYC, please reach out or click on the link above for more information. AGM News Roundup 🏦 Wealth Management Opinion: We asked for private markets access, now we have to get it right | Sanctuary Wealth’s Adam Malamed for Citywire | Sanctuary Wealth CEO Adam Malamed shares why the onus is on advisors to approach private markets with care and why illiquidity in private credit funds is a feature rather than a bug. Corient buys $7.8bn Oklahoma RIA Capital Advisors | Faye Kilburn | Citywire | One of the largest independent RIAs in Oklahoma has been bought by Corient. $7.8B Capital Advisors was acquired by one of the industry’s largest RIAs, Corient. Vestmark debuts AI-powered portfolio monitoring tool | Alec Rich | Citywire | Vestmark rolled out its first AI tool for advisors, the Vestmark Pulse, which scans portfolio positions, market news, SEC filings, and client CRM data for changes or potential opportunities and provides suggestions to advisors based on those insights. Jon Beatty: Schwab building advisor AI assistant to provide 'actionable intelligence' | Sam Bojarski | Citywire | Schwab is building out an AI assistant for advisors, according to MD and Head of Advisor Services Jon Beatty. Schwab aims to help convert “everyday interactions into actionable intelligence for advisors” as part of its overall AI plans. Altruist to launch 1099 advisor affiliation model | Alec Rich | Citywire | Altruist plans to roll out a new 1099 advisor affiliation model, Altruist Advisors, later this year, targeting breakaway brokers. 🌲 Evergreen Funds FAs Should Treat ‘Semi-Liquid’ as Illiquid: Industry Execs | Mela Seyoum | Financial Advisor IQ | Some wealth management CIOs view funds’ limitations of redemptions as a “feature, not a bug.” Franklin Templeton launches private markets models | Tania Mitra | Citywire | Franklin Templeton is rolling out multi-asset private markets models in collaboration with digital infrastructure platform Corastone. Coatue’s CTEK Joins CAIS, Bringing Public-Private Innovation Strategies to Independent Advisors | Business Wire | Coatue and CAIS announced that Coatue’s CTEK is now available on the CAIS platform. 🛠️ Private Markets Infrastructure Ultimus and iCapital Collaborate to Deploy DLT Platform | Ultimus Fund Solutions | Ultimus and iCapital announced a strategic partnership that will introduce distributed ledger technology (DLT) to streamline data transmission and reconciliation processes. The integration of technologies merges iCapital’s DLT platforms with Ultimus’ API-rich infrastructure, creating a more efficient, secure, and transparent processing environment for alternative investment data. iCapital® and LYNK Markets Launch Inaugural Private ETN Offering with Pantheon to Expand Eligible Access to Private Markets | iCapital | iCapital and LYNK Markets announced the launch of a Private Exchange-Traded Note (ETN) in collaboration with Pantheon. This launch marks the first Private ETN introduced with Pantheon as the first manager on the platform. 💸 Private Equity Intertek Inclined to Recommend EQT’s Final £9.2 Billion Offer | Dinesh Nair and Swetha Gopinath | Bloomberg | Fourth time a charm for EQT? Intertek is leaning toward recommending a takeover offer from EQT. EQT’s bid is reportedly £60-a-share in cash, which valued the company at around £9.2B, and investors would also receive a dividend of up to £1.077. Buyout Titans See Middle East Appeal for Deals, Hiring Undimmed | Dinesh Nair and Joumanna Bercetche | Bloomberg | Buyout firms General Atlantic and KKR continue to see fundraising and investment opportunities in the Middle East despite the Iran war. QIA and General Atlantic Expand Strategic Partnership | General Atlantic | QIA and General Atlantic are expanding their partnership to co-invest into private markets, with QIA committing $500M to GA’s global growth equity investment strategies. The collaboration will include knowledge sharing, talent development, and support for portfolio companies entering Middle Eastern markets. Blackstone Lays Groundwork for Third Long-Term Buyout Fund | Preeti Singh | Bloomberg | Blackstone is preparing to raise capital for a third iteration of its private equity fund that has a longer hold period than traditional private equity funds. This new fund will aim to invest $800M-1B in 8-10 companies, with the fund having a 20-year fund life. Welsh Carson targets $5bn for latest flagship | Hannah Zhang | PEI | Welsh Carson | Welsh Carson is targeting $5B for its 15th flagship mid-market buyout vehicle. Brookfield agrees to buy World Freight Company in $1.2 billion deal with EQT and PAI | Kane Wu | Reuters | Brookfield Asset management has reached a deal to acquire World Freight Company from EQT and PAI Partners for $1.2B. WFC serves more than ⁠300 airlines on 3,500 trade lanes and over 16,000 freight ​forwarders across more than 80 countries and key international trade routes. Bain, LY Said to Offer to Buy Kakaku, Rivaling EQT Takeover Bid | Taro Fuse, Takako Taniguchi and Hideki Suzuki | Bloomberg | Bain Capital and LY Corp have submitted a joint offer to acquire Kakaku.com. The offer launches a bidding war with EQT. 💳 Private Credit Private credit isn’t the problem - concentration is | HarbourVest’s John Toomey for the Financial Times | HarbourVest CEO John Toomey discusses the nuances of private credit and some of the hot button issues looming large in the category. Toomey noted, “private credit is not inherently dangerous. Concentration is.” Private credit is not ‘a cancer,’ says Wall Street’s top prosecutor | Kaye Wiggins, Antoine Gara, James Fontanella-Khan, Martin Arnold | Financial Times | Jay Clayton has dismissed fears about private credit, arguing that private credit has helped to fuel US economic strength. PE-Owned Insurers Boosting Private Credit Holdings, Study Finds | Emily Graffeo | Bloomberg | Life insurance companies owned by private equity firms have recalibrated their investment portfolios, investing in higher-yielding alternative credit strategies. Researchers at the Federal Reserve Bank of Chicago found that PE-owned insurers’ investments in private placements for asset-backed securities and financial borrowers increased to 8% of assets from 2% from 2017 to 2024. German Regulator to Push Insurers to Fix Private Credit Failings | Nicholas Comfort | Bloomberg | Germany’s top financial regulator has emphasized the need to protect retail investors in private credit. 🏠 Real Estate Blackstone REIT Raises $1.75 Billion in IPO to Buy Data Centers | Subrat Patnaik | Bloomberg | Blackstone Digital Infrastructure Trust raised $1.75B in a US IPO and will target newly built data centers valued at between $250M and $1.5B and leased to investment-grade hyperscalers. The listing is the largest ever IPO of a REIT set up in a blind pool format. Blackstone Real Estate Debt Strategies Launches Homebuilder Lending Platform | Claire Keyte | Bloomberg | Blackstone announced that Blackstone Real Estate Debt Strategies (BREDS) has launched a lending platform that will provide much needed capital and flexiblity to homebuilders. They expect to enable the construction of over 50,000 for-sale homes across the US annually. This commitment comes at a time when the U.S. is facing a critical housing shortage. Fewer homes are being built today than in 1960, despite the U.S. population nearly doubling. Aramco Targets Raising Over $10 Billion From Property Portfolio | Dinesh Nair, Zainab Fattah and Laura Gardner Cuesta | Bloomberg | Saudi Aramco is considering plans to raise at least $10B through a sale and leaseback transaction, allowing it to unlock capital while retaining use of its real estate holdings 🥈 Secondaries Hamilton Lane defends secondaries: 'You'd think we never sold an asset' | Selin Bucak | Citywire | Trust in valuations in private markets comes over time, according to Hamilton Lane Co-CEO Juan Delgado-Moreira, and in the end “cash is still king.” Speaking in London on Wednesday, Delgado-Moreira said the way to create trust is by selling assets even though headlines make it seem like “we’ve never sold an asset…never delivered cash.” HarbourVest: Software secondaries getting harder to close | Alex Lynn | PEI | HarbourVest Partners Managing Director Jeff Keay notes that software secondaries are becoming harder to close. 🛠️ Infrastructure BMO to Sell Truck, Trailer Financing Businesses to Stonepeak | Christine Dobby | Bloomberg | Bank of Montreal agreed to sell its business that finances trucks, trailers and equipment to Stonepeak, offloading a portfolio that totals about C$14.5B. Microsoft Spent Over $100 Billion on OpenAI Partnership | Rachel Metz, Brody Ford and Madlin Mekelburg | Bloomberg | Microsoft has spent more than $100B on its partnership with OpenAI, including original investments and costs of building infrastructure. Microsoft’s stake in OpenAI was valued at about $135B as of October 2025, with OpenAI’s valuation skyrocketing to $852B as of the end of March 2026. OpenAI to Buy Consulting Firm for JV With Private Equity | Seth Fiegerman | Bloomberg | OpenAI will acquire a consulting company to help drive adoption of its AI software within its PE-backed JV. The new entity, called OpenAI Deployment Company, will be staffed with roughly 150 employees focused on deploying AI software, including those from consulting and engineering company Tomoro. 🥩 GP Stakes MassMutual and Barings Announce Closing of MS&AD Insurance Group Holdings’ 18% Stake in Barings | Business Wire | MassMutual and its global alternative asset management subsidiary Barings announced that MS&AD Insurance Group Holdings completed the acquisition of an 18% stake in Barings through its subsidiary, Mitsui Sumitomo Insurance. William Blair looks to capture GP and LP stakes in sports with Inner Circle | Rafael Canton | PE Hub | William Blair is looking into an expansion into GP stakes through its recent acquisition of Inner Circle Sports. O3 Partners broadens strategic focus | Shoaib Shahid | SecondaryLink | Dutch investment manager O3 Partners is broadening its strategic focus and expanding into GP stakes investing. 🔬 Private Markets Research The State of Private Markets 2026 | MSCI | MSCI examines five forces reshaping private markets in 2026: from stress in private credit and an ongoing liquidity drought changing how GPs return cash to investors, to the tie between AI and private capital, the rise of evergreen funds and what a total-portfolio lens reveals that asset-class-specific analysis misses. Some testimonials about AGM include: “Alt Goes Mainstream is category of one.” Global Head of Marketing & Communications, $X00B AUM alternative asset manager. “When it comes to the intersection of alternative investments and wealth management, Michael just gets it.” CIO, $18B AUM RIA. “This is our primary resource for learning and reading about alts.” Head of Marketing, $250B AUM alternative asset manager. “If you want timely and informative insights on everything private markets, Michael Sidgmore and Alt Goes Mainstream weekly update and podcast are fantastic resources.” CIO, $47B AUM RIA. “The only email I never delete when clearing my inbox.” Senior distribution professional, $330B+ AUM asset manager. Join over 16,100 Substack subscribers & followers who are thought leaders and executives from top private markets and wealth management firms like Blackstone, Apollo, Ares, KKR, EQT, Carlyle, Blue Owl, CVC, TPG, Brookfield, Goldman Sachs, J.P. Morgan, BlackRock, Fidelity, iCapital, Franklin Templeton, Nuveen, Hg, Permira, Vista, Stonepeak, Hightower, Focus Financial, Cerity Partners, Dynasty Financial Partners, and more. Subscribe Thank you for reading Alt Goes Mainstream by The AGM Collective. If you enjoyed this post, share it with anyone you know who is interested in private markets. Share 12 Share