Weak deal activity, syndicated lending drive drop in bankers' fees
ACM specializes in pooled Canadian commercial mortgage funds
Vericity includes insurance carrier Fidelity Life and direct-to-consumer agency eFinancial
Locked-in capital, robust fees and dry powder should help firms ride out market stress
Recession fears and inflation weigh on activity, a KPMG report says
The acquisition adds to CI's ultra-high-net-worth business
Deal volume ticked up, value surged on mega-deal strength
Much of the portfolio is focused on the technology and life science sectors
Toronto-based firm sold 20% stake in U.S. business in May
Regulatory, financial and economic headwinds all weigh on deal activity