NASHVILLE, Tenn. (WSMV) – We’re experiencing our hottest weather since summer 2025.

The hottest weather of the year is having a major impact on Middle Tennesseans. Temperatures have soared well above average during the afternoon and remained unusually high at night for several days. That’s caused thousands across Middle Tennessee and southern Kentucky to temporarily change the way they go about everyday life. The heat has been so significant that temperatures have actually been in record territory.

For example, this past Sunday, Nashville nearly tied the highest minimum temperature ever for the date — 80° set in 1936. Nashville’s low on Sunday was 79.

As for high temperatures, while it was easily the hottest day of the year on Tuesday, Nashville missed that day’s record by nine degrees.

We’ll be closer on Wednesday, missing it by just six degrees.

There’s an even closer approach in line for Thursday. Our forecast for Nashville is 98°. The record high temperature is 101.

Cooler weather will eventually take over. By early next week, we expect highs to return to more seasonable levels — the low 90s.

For life-saving weather alerts, customized messages on conditions and forecasts, and videos detailing upcoming weather events, download the WSMV 4 First Alert Weather app for iPhone or Android. Have weather pictures or videos? Share them here.

Phoenix Merchant Partners, an independent alternative asset manager, and Texas Capital Alternative Asset Management (TCAAM), a wholly owned subsidiary of Texas Capital Bancshares, formed a strategic relationship to provide customized capital solutions and direct lending to the core middle market across a diverse range of industries.

The relationship integrates the corporate and investment banking coverage network of Texas Capital with the structuring, underwriting and multi-cycle portfolio management expertise of Phoenix. Capitalizing on this powerful combination, Phoenix will launch its first vehicle, Spurstone Credit, in Q3/26. Structured as a perpetual-life, non-traded closed-end credit fund, Spurstone will be headquartered in Dallas, Texas.

Spurstone has already attracted interest from a group of anchor institutional investors. The vehicle’s investment mandate will focus primarily on delivering senior secured financing solutions to core middle-market businesses with annual revenues between $100 million and $1 billion that are currently underserved in private credit.

“As the only full-service financial services firm headquartered in Texas, we continuously look for ways to serve the needs of companies and their owners, both in Texas and in our industries of focus across the country. Working with Phoenix expands and accelerates our ability to offer proprietary private credit financing solutions to deserving clients. The Phoenix team shares our disciplined approach to asset structuring, capital preservation and portfolio management, as well as our passion for providing exceptional client service and delivering comprehensive solutions,” Daniel Hoverman, head of corporate and investment banking at Texas Capital and president of TCAAM, said.

The vehicle’s strategy is designed to address a critical structural liquidity gap for non-sponsored, family-owned and founder-led mid-market enterprises requiring flexible, non-dilutive senior capital to fund organic growth, strategic acquisitions and balance sheet optimizations.

“Proprietary origination remains the single biggest differentiator in the private credit landscape,” Art Mbanefo, founder and CEO of Phoenix, said. “Working with TCAAM unlocks unparalleled access to high-quality, founder-owned businesses across Texas and other economic centers like California, New York and Illinois. Together, we are bridging the liquidity gap for exceptional middle-market companies.”

Spurstone will be advised by a newly formed, Phoenix-sponsored registered investment adviser, Ryestone Advisors, which is currently applying for registration with the U.S. Securities and Exchange Commission. TCAAM will be a minority economic investor in Spurstone’s investment adviser.