Category Archives: Deals

Netcraft Appoints Cybersecurity Industry Veteran Darren Lee to Board of Directors

Seasoned enterprise security leader brings decades of experience building and scaling category-defining cybersecurity businesses

SALT LAKE CITY and LONDON, Aug. 25, 2026Netcraft, the global leader in brand protection and threat disruption, today announced that cybersecurity industry veteran Darren Lee has joined its board of directors. The appointment comes as Netcraft accelerates its growth, as a leader in Next-Generation Brand and Digital Risk Protection, taking down nearly one-third of the world’s phishing sites. Lee brings decades of experience building, scaling, and expanding enterprise technology and cybersecurity businesses, including more than 14 years scaling Proofpoint, where he helped transform the company into one of the world’s preeminent cybersecurity brands.

Netcraft is trusted by CISOs and security teams at many of the world’s most valuable companies, largest banks, and government organizations to detect and disrupt external threats at scale. Processing more threat data than any other provider, the company has blocked more than 230 million multichannel threats to date. As attackers increasingly use AI to accelerate phishing, brand impersonation, and fraud, Netcraft has expanded beyond industry-leading takedowns into preemptive disruption, dismantling criminal infrastructure before it can be weaponized. Lee’s addition brings deep product and go-to-market experience as the company continues to accelerate its global expansion.

Lee joined Proofpoint following acquisition of NextPage, an information governance company where he served as CEO. At the time of the acquisition, Proofpoint was a private company generating less than $100 million in annual recurring revenue (ARR). During Lee’s tenure, Proofpoint went public via U.S. IPO, scaling to more than $2 billion in ARR and more than 4,000 employees around the world. Lee played a significant role in that growth, holding a series of senior leadership positions spanning some of Proofpoint’s most important businesses and strategic initiatives.

In joining the board of directors, Lee will bring his experience scaling cybersecurity products, portfolios, and go-to-market strategies to Netcraft as the company continues to accelerate its growth as a leader in Next-Generation Brand and Digital Risk Protection and expand its suite of solutions.

Darren Lee, board member, Netcraft, said: “Netcraft has built something uniquely difficult to replicate: decades of actionable, proprietary threat intelligence combined with direct connections and longstanding relationships with internet infrastructure providers, and the ability to effectively disrupt criminal infrastructure. The opportunity for security leaders now is to build on that foundation, leveraging innovative tools and capabilities to identify more proactive ways to protect their brands and customers. I look forward to working with the Netcraft team as they continue to strengthen their market-leading position and expand their solutions that help security leaders take decisive action to stop cybercrime.”

Ryan Woodley, CEO, Netcraft, said: “Darren has a rare perspective in cybersecurity, as he has built companies as an entrepreneur and then helped scale one of the industry’s most successful security businesses through multiple stages of growth. He understands what it takes to expand a product portfolio, build enduring customer value, and establish a cybersecurity company as a category leader. That experience will be incredibly valuable as Netcraft enters its next phase of growth.”

About Netcraft
Netcraft is a global leader in online brand protection and digital risk management, trusted by CISOs and security teams at many of the world’s most valuable companies, largest banks, government organizations, and emerging enterprises. Leveraging AI, machine learning, and automation to process more threat data than any other provider, Netcraft takes down nearly one-third of the world’s phishing sites and has blocked 230+ million multi-channel threats to date. Backed by a deep network across the internet infrastructure ecosystem, Netcraft delivers unmatched visibility, speed, and accuracy at scale to disrupt criminal behavior and secure online trust for consumers around the globe. Learn more at www.netcraft.com.

Media Contact:
Corey Eldridge
Force4 Technology Communications, LLC
[email protected]

SOURCE Netcraft

Noble Appoints Matt Noland Director, Capital Markets

ATLANTA, Aug. 25, 2026Noble Investment Group (“Noble”) today announced that Matt Noland has joined the firm as Director, Capital Markets, where he will focus on strategic asset realizations and debt origination and management across Noble’s portfolio.

Prior to joining Noble, Mr. Noland was with Peachtree Group, where he was responsible for portfolio management and the execution of hospitality investment transactions, including the acquisition and disposition of hotel assets.

Earlier in his career, Mr. Noland was a member of the Debt Capital Markets team at JLL, where he supported the placement of nearly $1.0 billion of debt and equity capital for acquisitions, refinancings, and ground-up developments. He also held roles in credit and investment banking at Truist Securities and SunTrust Robinson Humphrey. Mr. Noland earned a B.S. from Clemson University and is currently completing his M.B.A. at Emory University’s Goizueta Business School.

“Matt has raised debt, managed assets, and executed dispositions – the full arc of a hold period,” said Adi Bhoopathy, Managing Principal and Head of Capital Markets at Noble. “That combination strengthens how we structure capital at entry, manage risk through the cycle, and realize value at exit.”

“Noble has built one of the most respected platforms in the sector, with real operating capability behind every asset,” said Mr. Noland. “I look forward to helping shape capital strategy for a portfolio of this scale, alongside a team that has invested through multiple cycles.”

About Noble
Founded in 1993, Noble is an alternative asset manager focused exclusively on the travel and hospitality sector. With more than $5 billion in assets under management and over three decades of experience investing through market cycles, Noble invests on behalf of leading institutional investors, including public pension plans, endowments, foundations, insurance companies, and wealth managers.

The firm’s vertically integrated platform brings together investment, asset management, design and development, and operating capabilities to identify opportunities, manage risk, and drive performance across the upscale select-service, upscale extended-stay, and branded long-term accommodations segments. Noble’s scale, sector specialization, proprietary data, and operating experience inform investment decisions across the platform and underpin the firm’s ability to identify inflection points early and act on them. Noble is recognized among PERE’s Top 200 Global Investment Managers.

Learn more at www.nobleinvestment.com.

SOURCE Noble Investment Group

Nuveen Announces Closing of the Fourth Vintage of CPACE Lending Fund Series, Bringing Total Commitments to Over $3 Billion Since Inception in 2023

Continued Investor Demand Led by Insurers Underscores Growing Appeal
for Scaled Exposure to the C-PACE Asset Class

NEW YORK, Aug. 25, 2026 — Nuveen, one of the largest asset managers globally with over $1.4 trillion AUM1, and Nuveen Green Capital (“NGC”), a Nuveen affiliate and a leading provider of sustainable commercial real estate financing solutions with over $6 billion in AUM, today announced a first close exceeding $1 billion in new capital commitments for Nuveen CPACE Lending Fund IV. This brings total commitments to the Fund Series to $3 Billion since the series’ inception in 2023.

Founded in 2015, Nuveen Green Capital is a pioneer in Commercial Property Assessed Clean Energy (C-PACE) financing. C-PACE is a public-private financing program administered at the state level that provides building owners and developers with low-cost, long-term private capital for these upgrades.

Nuveen CPACE Lending Fund IV builds on the momentum of Nuveen Green Capital’s 73% year-over-year growth, driven by proprietary originations volume from vertically integrated originations and investment management. Consistent with prior vintages, Fund IV provides investors with predictable deployment into attractive investment-grade assets that offer the potential for long-dated, steady returns while financing capital improvements that make commercial buildings more energy efficient, water efficient, and climate resilient.

“Investors have committed to this strategy across four vintages because the fundamentals remain steady throughout variable market cycles. NGC’s vertically integrated platform continues to deliver a scaled, proprietary flow of C-PACE assets originated with established sponsors, combining compelling economics with measurable impact,” said Alexandra Cooley, CEO and CIO of Nuveen Green Capital. “The momentum behind this raise has been bolstered by our track record of strong origination volume, deployment, and consistent performance. Since 2015, NGC has originated more than $6 billion in C-PACE financings across securitizations. Fund IV strengthens our leadership position with increasing balance sheet capacity that institutional borrowers value.”

Nuveen’s 2026 EQuilibrium survey of global institutional investors shows that North American insurers continue to prioritize private fixed income, with 46% planning to increase their private fixed income allocations over the next two years — and among those, 53% identify private asset-backed securities like C-PACE as a key target asset class.2

“The continued growth in commitments from across four funds tells us that insurers aren’t just testing this asset class – they’re building meaningful, repeatable allocations to it,” said Joseph Pursley, Nuveen Head of Insurance, Americas. “Life insurers in particular continue to prioritize longer duration, investment grade, asset-backed securities with attractive risk-adjusted returns, and NGC’s C-PACE strategy consistently delivers on that mandate while advancing climate resiliency at scale. The demand we’re seeing for Fund IV – including new insurance LPs – reinforces that this is becoming a durable, core allocation for insurance portfolios rather than a one-off commitment.”

Growth of the asset class is supported by continued expansion of the C-PACE program, which is now active in 39 states plus the District of Columbia. As more states adopt C-PACE legislation and refine their programs, NGC’s addressable market continues to widen, further supporting the origination pipeline behind Fund IV. This is reflected in the diversity of transactions closed across the platform in 2025 – from $5 million transactions to those exceeding hundreds of millions, such as The Geneva, a landmark office-to-residential conversion in Washington, D.C., the largest C-PACE financing in history.3

Media Contact

Andrew Chironna, [email protected], 212-913-1015

About Nuveen

Nuveen is a global investment leader, managing $1.4T in public and private assets for clients around the world, as of June 30, 2026. With broad expertise across income and alternatives, we invest in the growth of businesses, real estate, infrastructure, and natural capital, providing clients with the reliability, access, and foresight unique to our 125+ year heritage. Our prevailing perspective on the future drives our ambition to innovate and adapt our business to the changing needs of investors — all to pursue lasting performance for our clients, our communities, and our global economy. For more information, please visit www.nuveen.com.

This vehicle is only available to accredited investors

Important information on risk

Past performance is no guarantee of future results. All investments carry a certain degree of risk, including the possible loss of principal, and there is no assurance that an investment will provide positive performance over any period of time. Certain products and services may not be available to all entities or persons. There is no guarantee that investment objectives will be achieved.

Investors should be aware that alternative investments are speculative, subject to substantial risks including the risks associated with limited liquidity, the potential use of leverage, potential short sales and concentrated investments and may involve complex tax structures and investment strategies. Alternative investments may be illiquid, there may be no liquid secondary market or ready purchasers for such securities, they may not be required to provide periodic pricing or valuation information to investors, there may be delays in distributing tax information to investors, they are not subject to the same regulatory requirements as other types of pooled investment vehicles, and they may be subject to high fees and expenses, which will reduce profits.

C-PACE assets are subject to various risks, including but not limited to: risks of insufficient cash flow of the subject property due to impaired operations or value; risks of a decline in the real estate market or financial conditions of a major tenant; risks of delinquencies and defaults; failure of the subject properties to complete agreed upon construction, repairs or improvements or achieve projected energy savings; limited operating history of certain subject properties; risk of assessments underlying certain C-PACE assets failing to comply with applicable state or local laws; risks of disputes with subject property owners and mortgage lenders; environmental contamination risks affecting the subject property; lack of industry-wide prepayment information available for commercial C-PACE assessments; and changes in laws and policies impacting C-PACE programs.

Responsible investing incorporates Environmental Social Governance (ESG) factors that may affect exposure to issuers, sectors, industries, limiting the type and number of investment opportunities available, which could result in excluding investments that perform well.

Nuveen considers ESG integration to be the consideration of financially material environmental, social and governance (ESG) factors within the investment decision making process. Financial materiality and applicability of ESG factors varies by asset class and investment strategy. ESG factors may be among many factors considered in evaluating an investment decision, and unless otherwise stated in the relevant offering memorandum or prospectus, do not alter the investment guidelines, strategy or objectives. Select investment strategies do not integrate such ESG factors in the investment decision making process.

The data and claims included in the material have not been verified by an independent third party.

Nuveen Green Capital is an indirect subsidiary of Nuveen LLC and Teachers Insurance and Annuity Association of America (TIAA) and a member of the TIAA group of companies.

1 As of June 30, 2026
2 Nuveen 2026 Global Institutional Investor Survey, EQuilibrium Insurance Edition.
3 Commercial Observer, Nuveen Green Capital Originates Record C-PACE Financing With $465M D.C. Deal (January 6, 2026)

SOURCE Nuveen

Haisco enters into Exclusive License Agreement with new US venture founded by Population Health Partners and ARCH Venture Partners

BEIJING, Aug. 25, 2026 — On August 25, Haisco Pharmaceutical Group Co., Ltd. (“Haisco”) (Ticker Code: 002653) announced that it has entered into an exclusive licensing agreement with Sentivera, a new US venture founded by Population Health Partners (“PHP”) and ARCH Venture Partners (“ARCH”), to grant Sentivera the rights to develop, manufacture, and commercialize its independently developed one pre-clinical innovative drug globally, excluding Greater China.

The total deal value reaches over USD 1.5 billion, including an upfront payment and equity consideration in the new venture totaling USD 75.89 million, up to USD 1.46 billion in development, regulatory, and commercial milestone payments, and mid-single digits to low double digit tiered royalties on post‑launch net sales.

As a core immunology asset of Haisco, this asset inhibits the development and progression of type 2 inflammatory diseases. This asset received China IND approval this month. Preclinical studies have demonstrated that this asset exhibits strong anti-inflammatory activity with a favorable safety profile.

This collaboration brings together multiple internationally renowned life sciences investors, underscoring strong market confidence in the project, representing a significant milestone in the internationalization of innovative drugs originating from China, and an opportunity to improve healthspan globally with a scalable potential solution for a broad range of inflammatory conditions.

Haisco stated that this collaboration is highly aligned with its international strategy and is expected to generate sustainable cash flow and long‑term investment returns. Unlike the traditional “license‑out” collaboration model, this transaction adopts a Newco partnership structure. This enables deeper strategic alignment and shared growth with Sentivera and its investors, marking an upgrade in Haisco’s global expansion strategy. Haisco remains highly confident in the future global market performance of this asset.

Haisco will continue to focus on areas of unmet clinical needs, strengthen independent innovation and global collaboration, and strive to bring China‑developed original medicines to patients around the world.

About Population Health Partners

Population Health Partners, L.P. (“PHP”) is a life sciences investment and company-building firm focused on solving the health and economic challenges posed by prevalent diseases and extending human healthspan. PHP combines disciplined capital with deep scientific, clinical-development and operating expertise to identify high-impact therapeutic opportunities, form and build companies around them, and advance medicines efficiently through development—with the goal of delivering population-scale health impact and attractive risk-adjusted returns.

About ARCH Venture Partners

ARCH Venture Partners is a founder and early-stage investor in groundbreaking biotech and technology platform companies. The firm is a recognized leader in creating world-leading organizations, while combining science-driven innovation with exceptional management teams. For four decades, ARCH has pioneered disruptive innovation while building life changing solutions that revolutionize healthcare and frontier technology. 

About Haisco

As a benchmark enterprise in China’s innovative drug sector, Haisco builds on a core strategy of “innovation‑driven growth and global expansion”. Haisco has established a diversified R&D pipeline encompassing small‑molecule innovative drugs, biologics, and high‑end generics. Haisco is actively advancing more than 70 R&D programs across key therapeutic areas including immunology, respiratory, oncology, metabolic disorders, central nervous system diseases and pain management; notably, over 10 of these programs are now in pivotal clinical stages. The company has maintained a sustained commitment to R&D, with investment averaging more than 15% of revenue in each of the last three years. It has established three major R&D centers in Chengdu, Shanghai and Silicon Valley, and built a research team led by top experts from China and abroad, forming a dual‑engine innovation system combining in‑house R&D and external collaboration.

As early as 2015, Haisco initiated its global strategy and has since actively expanded into overseas markets through multiple models, including license‑out transactions, co‑development partnerships, and overseas mergers and acquisitions. The company has previously out‑licensed several innovative drugs to international partners across Europe, the United States, and Southeast Asia. The collaboration with Sentivera deepens global engagement by integrating international capital and clinical resources, accelerating the translation of innovation programs worldwide and laying a solid foundation for more original drugs to enter global markets.

SOURCE Haisco Pharmaceutical Group

Foothill Ventures Named to TIME’s America’s Top Venture Capital Firms List for Second Consecutive Year

Los Altos, California-based firm recognized in TIME and Statista’s 2026 ranking, following its inclusion in the award’s inaugural 2025 list

LOS ALTOS, Calif., Aug. 25, 2026Foothill Ventures, a Los Altos, California-based venture capital firm focused on early-stage technology investments, today announced it has been named to TIME‘s America’s Top Venture Capital Firms list for 2026. This marks the second consecutive year Foothill Ventures has earned the distinction, following its inclusion in the list’s inaugural 2025 edition.

The annual ranking, produced by TIME in partnership with Statista, evaluates the nation’s leading venture capital firms using a weighted methodology that accounts for fundraising, investment activity, performance, and leadership.

Founded in 2017, Foothill Ventures backs technical founders building breakthrough companies, working alongside them from seed stage onward. Its current investment focus spans agentic AI, physical AI, and compute infrastructure, with more than 160 portfolio companies across three funds to date.

“This recognition reflects the extraordinary founders we’re lucky to back, the conviction our limited partners bring to every fund, and the relentless work our team puts in behind every deal,” said Jinlin Wang, Managing Partner of Foothill Ventures. “We’re grateful to TIME and Statista, and even more energized to keep backing the founders building the next generation of technology companies.”

About Foothill Ventures

Foothill Ventures is a Los Altos, California-based venture capital firm founded in 2017 that invests in early-stage, technical founders. For more information, visit https://www.foothill.ventures.

SOURCE Foothill Ventures

MobileX Secures Strategic Investment from CONX to Fuel Next Phase of Growth

IRVINE, Calif. and LITTLETON, Colo., Aug. 24, 2026MobileX, the most customizable wireless service designed to save consumers money, today announced a strategic investment from CONX Corporation (OTC: CNXX) (“CONX”). This investment gives CONX a controlling interest in MobileX and injects new capital to accelerate the company’s next phase of growth. As part of the agreement, EchoStar Founder, CEO, and Chairman, as well as CONX Chairman Charlie Ergen and CONX CEO Jason Kiser will join the MobileX Board of Directors.

The investment will help MobileX expand its AI-powered technology platform, grow distribution, and continue its fight against the one-size-fits-all pricing that has defined the wireless industry for decades.

MobileX was built on a simple idea: customers should pay only for what they actually use. Using artificial intelligence to predict data needs and recommend personalized plans, MobileX has become one of the fastest-growing challengers to the traditional carrier model, offering fully customizable plans starting at $3.88 a month*.

“The opportunity ahead is about more than just wireless costs; it’s about redefining how connectivity is delivered and what consumers should expect,” said Peter Adderton, Founder and CEO of MobileX. “CONX shares this vision, and their investment gives us the capital and resources to build on our progress and compete at a much greater scale.”

The investment will allow MobileX to:

  • Accelerate customer acquisition and expand its independent dealer and retail footprint;
  • Continue investing in its proprietary AI platform that powers personalized plan recommendations; and
  • Explore new opportunities in global connectivity and AI-enabled wireless services.

MobileX customers can build their own plan, choose an Unlimited option, or let MobileX’s AI recommend a plan based on actual usage, all on one of the fastest 5G networks in America. New customers can get started through the MobileX iOS/Android apps, mymobilex.com, Amazon, Walmart.com, as well as at more than 3,700 Walmart stores and 5,000 independent dealer locations nationwide.

Financial terms of the transaction were not disclosed. For more information on MobileX and Terms and Conditions of Service, including its fair use policy, visit mymobilex.com.

* Prices do not include applicable taxes and government surcharges.

About MobileX
Headquartered in Orange County, California, MobileX is the world’s most customizable mobile carrier, delivering the ultimate in choice and cost control. MobileX is a unique service that uses artificial intelligence to predict how much data customers need, delivering a dramatic reduction in cost while ensuring reliable speed and service. MobileX was founded by Peter Adderton, who also founded both Boost Mobile and Digital Turbine. For more information, please visit mymobilex.com.

About CONX
CONX is a diversified operating entity seeking opportunities to power the next generation of innovators in communications and connectivity. CONX’s mission is to partner with emerging companies with quality management and strong and differentiated business models with the ability to scale quickly.

Press contact:
Illume PR for MobileX
[email protected]

SOURCE Mobile X Global, Inc.

Re:InvestorHub Launches the First AI-Powered Operating System Built for Real Estate Investors

Re:InvestorHub is now generally available, unifying deal analysis, pipeline management, rehab oversight, and AI coaching in one platform for real estate investors — with a free trial and limited-time Founding Member pricing at launch.

IRVINE, Calif., Aug. 24, 2026 — Re:InvestorHub announced general availability of its platform, the first AI-powered operating system for real estate investors — now open nationwide, uniting deal analysis, pipeline tracking, project management, and AI coaching.

Investors have long juggled disconnected tools — one app to score deals, another for pipeline tracking, a spreadsheet for rehabs. Re:InvestorHub replaces that stack with one workspace built for how investors operate, whether they focus on fix-and-flip, BRRRR, wholesaling, short-term rentals, or multifamily.

“There weren’t many tools geared toward small-to-mid-sized investors — which is why we started Re:InvestorHub.ai,” said Rick, Founder. “We built the platform we wished we had: every deal, every rehab, every dollar of return in one place, with AI that understands real estate.”

WHAT RE:INVESTORHUB DELIVERS
At the center is AI Deal Scoring, which evaluates deals across strategies and surfaces the numbers that matter before capital is committed. Around it, Re:InvestorHub covers the full deal lifecycle:

  • Deal Pipeline & Tracking — manage every opportunity from lead to close.
  • Rehab Project Management — keep renovations on schedule and budget.
  • Construction Change Order Tracking — control scope creep and overruns.
  • Document Storage & Deal Vault — keep contracts and paperwork organized.
  • Portfolio Dashboard — see the whole portfolio at a glance.
  • Three AI Coaches (Annie, Lenny, and Sid) — guidance trained on real investor experience, not generic advice.

What sets its AI apart is what it was trained on: nearly a decade of hands-on investing and the hard lessons of millions built and lost — so guidance reflects how deals actually play out.

BUILT FOR EVERY INVESTOR STRATEGY
Re:InvestorHub serves the full range of investors — house flippers, BRRRR investors, wholesalers, multifamily owners, and STR operators — with a workspace tuned to each strategy, not one-size-fits-all.

FREE TRIAL AND FOUNDING MEMBER PRICING
Re:InvestorHub is offering a free trial of the full platform, plus a limited-time Founding Member promotion locking in special pricing for early adopters. Details at https://reinvestorhub.ai

ABOUT Re:InvestorHub

Re:InvestorHub is the first AI-powered operating system built for real estate investors. Built by investors, for investors, it replaces the fragmented tool stack with one system for how deals actually get done. Learn more at reinvestorhub.ai.

Media Contact:
Rick Sanchez, Founder
[email protected]

Photo(s):
https://www.prlog.org/13164322

Press release distributed by PRLog

SOURCE Re:InvestorHub

AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE

AllianceBernstein National Municipal Income Fund, Inc.









Top 10 Fixed-Income Holdings


Portfolio %

1) San Francisco Intl Airport Series 2026-2 5.50%, 05/01/55


3.71 %

2) Melissa Independent School District Series 2024-2 4.25%, 02/01/53


2.11 %

3) Commonwealth of Massachusetts Series 2025-2 5.00%, 01/01/54


2.00 %

4) New York Transportation Development Corp. Series 2024 Zero Coupon, 12/31/54


1.96 %

5) Oklahoma Turnpike Authority Series 2023 4.50%, 01/01/53


1.93 %

6) Dallas Independent School District Series 2024-2 4.00%, 02/15/54


1.87 %

7) State of Hawaii Airports System Revenue Series 2025-2 5.50%, 07/01/54


1.85 %

8) Worthington City School District Series 2025-2 5.50%, 12/01/54


1.85 %

9) Metropolitan Washington Airports Authority Aviation Revenue Series 2025-2 5.50%, 10/01/55


1.85 %

10) City of Atlanta GA Department of Aviation Series 2025-2 5.50%, 07/01/55


1.84 %




Sector/Industry Breakdown


Portfolio %

Revenue



Airport


14.72 %

Health Care – Not-for-Profit


10.30 %

Toll Roads/Transit


5.87 %

Industrial Development – Airline


5.19 %

Revenue – Miscellaneous


4.63 %

Prepay Energy


4.36 %

Primary/Secondary Ed. – Public


4.25 %

Higher Education – Private


3.15 %

Student Housing


2.39 %

Port


2.18 %

Industrial Development – Industry


2.00 %

Senior Living


1.86 %

Higher Education – Public


1.78 %

Water & Sewer


1.50 %

Electric Utility


0.57 %

Tobacco Securitization


0.30 %

Primary/Secondary Ed. – Private


0.17 %

SUBTOTAL


65.22 %

Tax Supported



Local G.O.


9.79 %

State G.O.


6.76 %

Special Tax


3.44 %

Local Lease


1.58 %

Assessment District


0.54 %

State Lease


0.28 %

SUBTOTAL


22.39 %

Guaranteed


9.89 %

Asset-Backed



Housing – Multi-Family


1.80 %

SUBTOTAL


1.80 %

Commercial Mortgage-Backed Securities



Non-Agency Fixed Rate CMBS


0.51 %

SUBTOTAL


0.51 %

Cash & Cash Equivalents



Funds and Investment Trusts


0.17 %

SUBTOTAL


0.17 %

Prerefunded/ETM


0.02 %

Total


100.00 %




State Breakdown


Portfolio %

Texas


12.57 %

California


12.04 %

Florida


8.45 %

New York


8.30 %

Illinois


7.49 %

Massachusetts


6.22 %

Wisconsin


5.80 %

Ohio


4.19 %

Georgia


3.68 %

Hawaii


3.67 %

New Hampshire


3.43 %

District of Columbia


2.57 %

Pennsylvania


2.49 %

Oklahoma


2.32 %

Arizona


1.96 %

Colorado


1.96 %

Louisiana


1.39 %

Minnesota


1.30 %

Michigan


1.26 %

Alabama


0.98 %

Nebraska


0.91 %

Connecticut


0.90 %

Utah


0.76 %

Virginia


0.76 %

South Carolina


0.69 %

Washington


0.68 %

Maryland


0.54 %

Tennessee


0.52 %

Indiana


0.51 %

New Jersey


0.36 %

Arkansas


0.35 %

North Dakota


0.35 %

Oregon


0.24 %

South Dakota


0.13 %

North Carolina


0.05 %

Other


0.18 %

Total Investments


100.00 %




Credit Quality Breakdown


Portfolio %

AAA


10.45 %

AA


39.31 %

A


18.07 %

BBB


16.72 %

BB


7.94 %

B


0.53 %

Not Rated


6.79 %

Pre-refunded Bonds


0.02 %

Short Term Investments


0.17 %

Total


100.00 %




Bonds by Maturity


Portfolio %

Less than 1 Year


0.32 %

1 to 5 Years


0.13 %

5 to 10 Years


2.57 %

10 to 20 Years


14.32 %

20 to 30 Years


64.16 %

More than 30 Years


18.50 %

Other


0.00 %

Total Net Assets


100.00 %




Portfolio Statistics:



AMT Percent:


21.99 %

Average Coupon:


5.90 %

Percentage of Leverage:



Bank Borrowing:


0.00 %

Investment Operations:


0.09 %

Auction Preferred Shares (APS):


0.00 %

Tender Option Bonds:


23.40 %

VMTP Shares:


0.00 %

VRDP Shares:


17.66 %

Total Fund Leverage:


41.15%*

Average Maturity:


   14.04 Years

Effective Duration:


   12.36 Years

Total Net Assets:


$339.07 Million**

Common Stock Net Asset Value:


$11.80

Total Number of Holdings:


189

Portfolio Turnover:


56.00 %




* The total percentage of leverage constitutes 23.40% through the use of tender option bonds, 17.66%



 in issued and outstanding VRDPs and 0.09% in investment operations, which may include the use of 

certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, 

reverse repurchase agreements and when-issued securities.




** The Fund also had outstanding $100,000,000 of VRDPs at liquidation value, which is not included



in Total Net Assets because it is treated as a liability for financial reporting purposes.




The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The

Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.

AI-Driven Portfolio Management Platform Standard Metrics Raises $20M to Supercharge Private Markets Innovation

SAN FRANCISCO, Aug. 24, 2026 — Standard Metrics, the AI-driven portfolio management platform for venture capital and private equity, today announced it has raised $20M in Series B funding led by 8VC with participation from Salesforce Ventures, Spark Capital, January Capital, First Trust Capital Partners, Socii Capital, Kindergarten Ventures, Calm Ventures, Gaingels, and more.

Standard Metrics launched in 2020 with a goal of fixing broken investor relations in the private markets. The company launched with a reporting network focused on automating and improving collaboration between investors and their portfolio companies. The product has evolved into a single source of truth for portfolio performance and investment data, providing rich benchmarks and investment insights. Automated data ingestion and AI-driven analysis and reporting tools help VC/PE firms streamline portfolio reviews, valuations, LP reporting, diligence, and more.

Today, AI tailwinds are unlocking unprecedented growth for private companies. Investors, who are operating in an increasingly competitive environment, are demanding next-generation tools that give them greater speed and intelligence. To meet that demand, Standard Metrics has launched AI document parsing, an on-platform AI Analyst, MCP interoperability, and AI-native services to assist with data operations and portfolio analytics.

Standard Metrics has grown its business by approximately 20X since its Series A, and its platform supports more than 10,000 portfolio companies and 150 firms who manage over $400 billion in assets. Thirty percent of the current Forbes Midas List are customers of Standard Metrics.

“Our mission at Standard Metrics is to accelerate innovation in the private markets,” said John Melas-Kyriazi, co-founder and CEO of Standard Metrics. “This Series B round is a vote of confidence from investors who believe, as we do, that the firms who embrace AI now will be the ones defining the next era of the private markets.”

“We are delighted to deepen our partnership with Standard Metrics, a company that we co-founded in 2020,” said Alex Moore, board member at Standard Metrics and Partner at 8VC. “The community of forward-thinking investors and portfolio companies adopting Standard Metrics is impressive, and we see tremendous opportunity ahead for AI to transform the private markets.”

Standard Metrics will use this new capital to deepen its AI capabilities, expand its team, and bring its platform to more private market investors and portfolio companies.

About Standard Metrics

Standard Metrics is an AI-driven portfolio management solution trusted by leading VC/PE firms and their portfolio companies. Investors like General Catalyst, Bessemer Venture Partners, and Accel use Standard Metrics to streamline partner meetings, portfolio reviews, LP reporting, valuations processes, and performance benchmarking. For more information visit https://standardmetrics.io/.

About 8VC

8VC is a leading technology investment firm, investing in visionary teams and backing industry-transforming companies. The partners have a proven track record as founders, engineers, and operators of successful companies including Palantir, Addepar, Resilience, and OpenGov. 8VC manages over $9 billion in committed capital, investing primarily in defense, financial services, logistics, life sciences, and healthcare. 8VC’s Build program creates transformative new companies addressing critical gaps in each of the above sectors.

SOURCE Standard Metrics