Financial services

Blackstone REIT to acquire WPT Industrial REIT for $3.1bn

WPT Industrial Real Estate Investment Trust, a Toronto-based real estate investment platform that acquires, develops and operates distribution and logistics properties, has agreed to be acquired by Blackstone Real Estate Income Trust.

Brookfield Reinsurance to buy American National in $5.1bn deal

Brookfield Asset Management Reinsurance Partners has agreed to acquire American National Group, a Galveston, Texas-based provider of life, health and property and casualty insurance, as well as annuities.

F.L. Putnam buys Atrato Advisors

F.L. Putnam Investment Management Company has acquired Atrato Advisors LLC, an alternative investment research and advisory firm.

Apex buys Greenough Consulting Group

Apex Group Ltd has acquired Greenough Consulting Group, a provider of finance, accounting and human resources services to technology companies, venture capital and private equity funds.

Waterfall invests in Newcleus

Waterfall is investing in Newcleus LLC, a provider of employer-owned life insurance and annuity products.

Gen II buys Stone Pine

Gen II Fund Services has acquired Stone Pine Accounting Services LLC, a Denver-based provider of private equity fund administration, tax and investor services.

Great Hill invests in Labor First

Great Hill Partners has recapitalized Labor First, a provider of group retiree Medicare benefit management solutions.

Cresset acquires Asset Management Advisors

Cresset Asset Management has acquired Houston-based Asset Management Advisors Inc, a boutique family office.

Blackstone buys minority stake in GTCR

GTCR will have access to portfolio company services offered by Blackstone, including its ESG, sustainability, human capital management, cybersecurity and product development capabilities.

GTCR, Reverence Capital to rebrand Wells Fargo Asset Management as Allspring Global Investments

As part of the transition, veteran industry executive Joseph A. Sullivan will become CEO, in addition to his previously announced role as Executive Chairman.