Core Insights - Securitize, Inc. is set to become a publicly listed company through a business combination with Cantor Equity Partners II, Inc., targeting a $19 trillion total addressable market (TAM) for the tokenization of real-world assets [1][2] Company Overview - The transaction values Securitize at a $1.25 billion pre-money equity value, with existing equity holders like ARK Invest and BlackRock contributing 100% of their interests into the combined entity, which will be named Securitize Corp. and trade on Nasdaq under the ticker "SECZ" [2] - Founded in November 2017, Securitize has developed a regulated platform for the issuance, trading, and servicing of tokenized securities [4] Tokenization Capabilities - Securitize has tokenized over $4 billion in assets through partnerships with major asset managers such as Apollo and KKR, and is recognized as a vertically integrated tokenization provider with SEC-registered entities [5][7] - The firm has achieved significant milestones, including the tokenization of KKR's Health Care Strategic Growth Fund II in 2022 and BlackRock's BUIDL in 2024, marking these as notable firsts in the industry [6] Market Positioning - Securitize is positioned to capitalize on a $19 trillion opportunity in tokenization across various asset classes, including equities and fixed income [7] - The company supports fifteen major blockchains and integrates with leading DeFi protocols, enhancing secondary market liquidity for tokenized assets [7]

Core Insights - Hamilton Lane has launched a suite of twenty private market closed-end fund performance indices on Bloomberg, enhancing benchmarking capabilities for private equity, credit, and real assets fund performance [1][2] - The firm manages approximately $986 billion in assets, with $141 billion in discretionary assets and $845.3 billion in non-discretionary assets as of June 30, 2025 [1][5] Group 1: Indices and Data Availability - The indices provide investors with a transparent and standardized view of private market performance, enabling better analysis and investment decisions [2] - Historical data dating back to 2000 is available, allowing for detailed performance benchmarking of individual funds or portfolios [4] - The indices cover major private market asset classes globally, including private equity, private credit, and private real assets [4] Group 2: Collaboration and Integration - The partnership with Bloomberg enhances the depth of performance data available to clients, supporting portfolio structuring and peer comparison [2] - The indices are linked to Financial Instrument Global Identifiers (FIGIs), facilitating easier integration into portfolio and risk management systems [4] - Bloomberg's private markets solutions are strengthened by the addition of Hamilton Lane's indices, reinforcing their commitment to addressing client needs in both public and private markets [2]

Market Adoption - BlackRock, Apollo, Hamilton Lane, Nomura, Brevan Howard 等公司，共计 15 万亿美元资产管理规模 (AUM) 选择 SEI 作为 RWA (Real World Asset) 结算平台 [1] - DTCC 每年处理 2 quadrillion 美元交易额，SEI 获得其中 0.01% 的份额，交易额将达到 2000 亿美元 [1] Financial Implication - SEI 当前市值为 18 亿美元 [1] Competitive Advantage - 首个锁定跨机构结算的区块链平台将赢得整个市场 [1]

Institutional Adoption of Sei Network - BlackRock, managing $125 trillion in assets, pioneers tokenization of money market funds and crypto ETFs, settling on Sei [1] - Apollo, a $650 billion alternative asset manager, is bringing private credit onchain via Sei [1] - Hamilton Lane, with $857 billion AUM, pioneers tokenized private credit funds on Sei [1] - Nomura, a $640 billion Japanese financial giant, expands digital asset presence through Laser Digital's tokenized carry fund on Sei [2] Key Players in Tokenization and Stablecoins - Securitize, the $4 billion tokenization platform behind BlackRock's BUIDL fund, enables compliant issuance of RWAs on Sei [2] - Circle/USDC, the $37 billion issuer of the world's leading regulated stablecoin with over $75 billion in circulation, enables seamless institutional capital flows onchain via Sei [3] - Ondo Finance, a $16 billion pioneer in tokenized Treasuries and stocks, opens access to U S assets globally on Sei [3] - KAIO, a tokenization infrastructure provider, enables institutional fund issuance and distribution on Sei [3] Strategic Positioning - These institutions are shaping the next era of global finance and choose to settle on Sei [3]

• BlackRock — The world’s largest asset manager with $12.5T AUM, and a pioneer of the tokenization of money market funds and crypto exposure through ETFs.• Apollo — A $650B alternative asset manager and one of the most prominent names bringing private credit onchain.• Hamilton Lane — A global private markets leader with $857B AUM, pioneering tokenized private credit funds.• Brevan Howard — A $26B hedge fund recognized for its macro strategies and early institutional forays into digital assets.• Nomura / Las ...

Core Viewpoint - The alternative asset management sector, including firms like KKR, Apollo, and Blackstone, has faced significant stock declines recently, but there are indications that better days are ahead due to strong inflows and positive earnings reports [1][5]. Group 1: Market Performance - KKR and Apollo stocks have decreased by 18% in the last 90 days and are also lower for the year [1]. - Blackstone reported strong earnings, with $35 billion in inflows into private credit for the quarter, although the stock saw a slight decline due to investor expectations for more growth in its real estate business [5]. Group 2: Investment Trends - The alternative investment management firms are experiencing significant inflows quarter after quarter, indicating continued investor interest and confidence in their performance [3]. - The broader credit quality across these managers remains strong, despite concerns about specific sectors like subprime auto lending [6][7]. Group 3: Economic Context - The subprime auto sector has faced challenges for several years, but the overall credit spectrum and broader economy are still performing well, as evidenced by recent bank earnings [7][8].

Well, it's been a rough year for investors in so-called alternative asset management managers. Those are private equity investment firms like KKR, Apollo, Blackstone, Hamilton Lane, and others. In fact, KKR and Apollo, those stocks down 18% in just the past 90 days.Both are lower for the year as well. But your market navigator says the better days are ahead. Let's find out why.Jed Ellerbrook is fun portfolio manager at Argent Capital Management. It's not a group, Jed, that we talk about a whole lot. Hamilto ...

RT Jeff ($/acc) (@jeffdfeng)BlackRock CASH. Brevan Howard MACRO.Hamilton Lane SCOPE. Apollo ACRED.Now, Laser Digital CARRY.Institutional RWAs are converging on Sei. ...

Laser Digital's tokenized LCF Fund is live on Sei.Laser Digital, a subsidiary of Nomura (Japan's largest investment bank), joins institutional RWA offerings from BlackRock, Brevan Howard and Hamilton Lane on Sei via @KAIO_xyz.RWAs Move Faster on Sei. ($/acc) https://t.co/qGICpvzxU7 ...

Core Insights - Hamilton Lane is focusing on opening private capital to retail investors and emphasizes the importance of fund manager experience over thematic investing in the current market environment [1][21][22] Business Model - Hamilton Lane provides solutions for investors wanting access to private markets, with most revenue derived from assets under management where they have full discretion [2][6] - The company has transitioned from a consulting firm to a fund manager, with over 90% of revenue now coming from managing assets [4][6] - The business model includes investing in other funds, co-investing alongside general partners (GPs), and buying secondary interests to provide liquidity [8][9][12] Market Trends - The current investment environment is challenging, with liquidity being hard to come by and private returns lagging behind public returns [21][25] - There is a shift away from thematic specialization towards identifying strong fund managers due to the competitive landscape and high purchase prices [22][23] - The private credit market is attracting significant capital, but there is a divergence in performance among credit managers, making manager selection critical [28][31] Secondary Market Activity - The secondary market is experiencing growth due to maturing asset classes, lack of liquidity, and varying levels of LP stability across the industry [37][40] - Pricing in the secondary market is inconsistent, with distressed opportunities available at low prices and high-quality assets commanding premium prices [41] Public Company Dynamics - Hamilton Lane operates as a public company while investing in private assets, managing its business with a long-term strategic vision rather than focusing on quarterly results [42][46] - The company has seen its stock price increase significantly since going public, reflecting a long-term growth strategy [52] Retail Investor Access - There is a strong belief in democratizing access to private markets for retail investors, who have historically been disadvantaged [54][56] - Hamilton Lane is enhancing financial literacy and providing better access to data through tools like Cobalt, a leading data provider for private market information [63] - The company is developing evergreen funds that offer more liquidity and efficiency for individual investors compared to traditional drawdown funds [65][70] Future Outlook - The retail investor base is expected to grow significantly, as they currently have minimal exposure to private markets [68] - Evergreen funds are anticipated to become the dominant product structure in the future, with a bifurcation in the market where larger managers focus on evergreen products while smaller managers may continue with drawdown funds [71][72]