Core Insights - SEI has been selected by H.I.G. Capital to provide fund administration and depositary services for private equity and infrastructure assets [1][2] - H.I.G. Capital manages $70 billion in capital and has a diverse portfolio including over 400 companies globally [2] - The partnership aims to enhance operational efficiency, automate workflows, and improve data transparency [3][4] Company Overview - SEI is a leading global provider of financial technology and asset management services, managing approximately $1.7 trillion in assets as of June 30, 2025 [8] - SEI ranks sixth among 164 fund administrators in Luxembourg based on alternative assets under administration [6] - The company partners with 45 of the top 100 asset managers worldwide, showcasing its significant market presence [6] Strategic Partnership Details - The integration of H.I.G.'s infrastructure with SEI's platform is designed to alleviate conversion pressures and enhance data visibility [5] - SEI's research indicates that 58% of private market asset managers prefer a single fund administrator to reduce data replication [5] - The partnership is expected to support H.I.G.'s strategic business goals and improve service delivery to limited partners [3][4]

Core Insights - Principal Financial Group has announced a strategic partnership with Barings to enhance its general account portfolio through an allocation of up to $1 billion in bespoke private investment grade portfolio finance investments [1] Group 1 - The investments will be structured as a separately managed account and a co-investment structure [1] - Principal Asset Management will manage the co-investment structure [1]

[Music] Welcome back to Squawkbox this morning. New this morning, the Intercontinental Exchange and Poly Market announcing a huge new deal. It's a strategic partnership.The financial services giant investing $2 billion in Poly Market. It's uh maybe old money meets new money. Joining us right now exclusive interview is Poly Market founder and CEO Shane Coughlin.Uh and ICE founder and CEO Jeffres. Great to see both of you uh this morning. Uh it's a fascinating deal and really as I said it's sort of old money, ...

Core Insights - Brookfield has acquired a majority stake in Angel Oak, enhancing its $332 billion credit platform with residential mortgage credit capabilities [1][5] - The partnership aims to accelerate Angel Oak's growth and expand client access to residential mortgage credit [2][3] - Angel Oak has over $22 billion in assets under management and has originated more than $32 billion in residential mortgage loans since its founding in 2008 [2][6] Company Overview - Brookfield Asset Management is a leading global alternative asset manager with over $1 trillion in assets under management across various sectors [4] - Brookfield's Credit business manages approximately $332 billion globally, focusing on diverse private credit investment strategies [5] - Angel Oak Capital Advisors specializes in mortgage credit and manages approximately $22 billion in assets [6] Operational Details - Angel Oak will continue to operate independently, retaining its current leadership [3] - Angel Oak Mortgage Solutions is a top nonbank wholesale lender of non-QM loans, operating in 46 states and the District of Columbia [7] - The integrated model of Angel Oak combines its mortgage origination and asset management businesses, supported by deep market expertise [2]

Core Insights - Affluence Corporation's subsidiary, Mingothings International (MTi), has formed a strategic partnership with Aerodyne Group, a leader in drone-based enterprise solutions and AI-powered data analytics [1] - Aerodyne Group is recognized for its advanced drone technology and AI innovations, positioning itself as a global pioneer in enhancing efficiency, safety, and sustainability across various industries [1] Company Summary - The partnership aims to leverage Aerodyne Group's expertise in drone technology and data analytics to improve operational capabilities for Mingothings International [1] - This collaboration is expected to drive innovation and create new opportunities within the drone and AI sectors [1] Industry Summary - The drone technology and AI analytics market is rapidly evolving, with companies like Aerodyne Group leading the way in providing solutions that address efficiency and sustainability challenges [1] - The strategic alliance reflects a growing trend in the industry towards integrating advanced technologies to enhance service delivery across multiple sectors [1]

Core Insights - Wabash has formed a strategic partnership with Global Tank to enhance its tank trailer segment and expand its dealer network across the United States [1][6] - The partnership allows Wabash to extend its tank offerings into new states, increasing customer access and service capabilities [2][4] - Global Tank will integrate Wabash's tank trailer portfolio into its offerings, enhancing service for tank fleets and supporting regional market growth [4][5] Company Overview - Wabash is a leader in supply chain solutions, focusing on transportation, logistics, and infrastructure markets, with a diverse product range including tank trailers [7] - Global Tank specializes in full-service solutions for liquid and dry bulk tank trailer rental, sales, transport, and storage [8] Partnership Details - The partnership will initially expand Wabash's tank trailer offerings into states such as Kansas, Missouri, and Colorado, among others [2][3] - Global Tank will add experienced sales and leasing representatives to Wabash's dealer network, enhancing local customer support [3][6] - The collaboration aims to improve customer experience through expanded product access and regional service support [6]

Core Insights - AXIL Brands, Inc. is launching its full Reviv3 Procare® product line in Chatters, Canada's largest professional haircare retailer, which has over 115 salons across seven provinces [1][2][3] - The partnership with Chatters is aimed at expanding AXIL's beauty division presence in North America and enhancing professional distribution channels for Reviv3 products [2][4] Company Overview - AXIL Brands, Inc. is an emerging global consumer products company that offers premium hearing enhancement and protection products under the AXIL® brand and hair and skin care solutions under the Reviv3 Procare® brand [4] - The company focuses on innovation, quality, and sustainability, delivering clinically tested, plant-based products to consumers in the United States, Canada, the European Union, and Asia [4] Partnership Details - The rollout of Reviv3 Procare® products in Chatters salons will begin in October 2025, with the full product line expected to be available by year-end [2] - The phased launch will include in-salon promotions and stylist training to highlight Reviv3's unique formulations, aiming to drive brand visibility and customer engagement [2]

Geopolitical Relations - China and South Korea's top diplomats pledged to deepen their strategic partnership [1] Diplomatic Engagement - The meeting was the first since Seoul's leadership change earlier this year [1]

Core Thesis - Celsius Holdings, Inc. is positioned for accelerated growth following a transformative strategic deal with PepsiCo, enhancing its market presence in the energy drink sector [2][4] Strategic Partnership - The agreement with PepsiCo allows Celsius to leverage Pepsi's logistics network for Alani Nu distribution, addressing gaps in convenience store coverage, which is crucial for energy drink sales [2] - Celsius secures a "category captain" role for energy drinks, gaining control over planograms, SKU prioritization, and promotion strategy, optimizing marketing across its brands [2] Acquisition of Rockstar Energy - Celsius acquired U.S. and Canadian rights to Rockstar Energy from Pepsi for $585 million, a significant discount due to Pepsi's mismanagement of the brand [3] - The refocus of Rockstar towards party, festival, and extreme sports segments aims to reclaim market share from competitors like Monster and Red Bull [3] Growth Potential - The deal enhances Celsius's scale, marketing power, and negotiating leverage with Pepsi, creating opportunities for operational improvements and brand revitalization [4] - Robust organic growth in Alani Nu and successful integration of acquisitions position Celsius for expanded market penetration and a strengthened competitive profile [4] Market Reaction - The stock has reacted positively to these developments, indicating investor confidence in Celsius's long-term value creation potential [4] - The stock has appreciated approximately 56% since a previous bullish thesis, reflecting strong brand equity and resilience amid distribution disruptions [5]

Core Viewpoint - Webus International Limited clarifies its previous announcement regarding a partnership with Air China, emphasizing that the cooperation is limited to a specific agreement for discounted chauffeur services at Hangzhou Xiaoshan International Airport for Air China passengers [1][2][3] Summary by Sections Agreement Details - On August 19, 2025, Webus's subsidiary, Zhejiang Youba Technology Co., Ltd., signed a Preferential Cooperation Agreement with Air China's Hangzhou Branch Office, focusing solely on discounted Wetour-brand chauffeur and transfer services for passengers with valid Air China ticket numbers starting with 999 [2] Clarification of Terms - The term "strategic partnership" used in the prior release was not meant to imply any broader cooperation beyond the specific arrangement detailed in the agreement [3]