Asset Management

Osaic Onboards $460 Million Firm Virtus Wealth Solutions

By Amit Chowdhry ● Today at 9:31 PM

Osaic, one of the largest providers of wealth management solutions in the United States, has announced that Virtus Wealth Solutions has joined its Supported Independence channel. Virtus Wealth, based in Morgantown, West Virginia, manages 460 million dollars in client assets and made the transition from Commonwealth Financial Network as part of its strategy to position the firm for long-term growth.

MAI Capital Buys Summit Financial Advisors For Expanding Wealth Management Services

By Amit Chowdhry ● Today at 9:29 PM

MAI Capital Management, a registered investment advisor dedicated to helping clients simplify, protect, and grow their wealth, has announced the acquisition of Summit Financial Advisors, a boutique advisory firm based in San Mateo, California. While the financial terms of the deal were not disclosed, the acquisition represents a significant step in MAI’s strategy to expand its presence and capabilities in key markets.

State Street: Brian Porter Elected To Board of Directors

By Amit Chowdhry ● Today at 6:27 PM

State Street has announced that Brian Porter has been elected to its Board of Directors. Porter brings more than four decades of experience in banking and institutional client services, with expertise spanning international banking, risk management, corporate banking, and capital markets.

Macquarie Asset Management Closes $3 Billion Green Energy Transition Fund

By Amit Chowdhry ● Today at 6:23 PM

Macquarie Asset Management has announced the final close of its Macquarie Green Energy Transition Solutions fund, known as MGETS, with over $3 billion in total commitments from the fund and related co-investments. This is Macquarie’s first dedicated energy transition fund aimed at opportunities that go beyond traditional renewable energy projects.

Northern Trust Asset Management: Anwiti Bahuguna Named As Global Co-Chief Investment Officer

By Amit Chowdhry ● Today at 6:12 PM

Northern Trust Asset Management, a major global investment firm managing $1.3 trillion in assets, has appointed Anwiti Bahuguna, Ph.D., as its new global co-chief investment officer. She will work alongside Christian Roth, CFA, who currently holds the same title. Bahuguna steps into the role following the promotion of Michael Hunstad, Ph.D., who was recently named president of the firm.

Boothbay Fund Management: SS&C Selected For Fund Administration

By Amit Chowdhry ● Today at 6:09 PM

Boothbay Fund Management, a global investment firm known for using a wide range of strategies, has selected SS&C GlobeOp to serve as its fund administrator. This decision is part of Boothbay’s plan to expand and improve how it manages its operations. The firm currently oversees more than $2.5 billion in assets, spread across over 140 separately managed accounts. By partnering with SS&C, Boothbay aims to strengthen its infrastructure and better manage the complexity that comes with working across multiple investment strategies.

Summit Park: Charlie Griffin Joins As Principal

By Amit Chowdhry ● Today at 6:06 PM

Summit Park has announced that Charlie Griffin has joined the firm as a Principal. In this role, Griffin will be responsible for identifying new investment opportunities, analyzing potential deals, and assisting in structuring those investments. He will also contribute to the firm’s broader strategic efforts and work closely with portfolio companies to support their growth and performance.

New Mountain Capital: Mexico City Office Established

By Amit Chowdhry ● Today at 5:37 PM

New Mountain Capital, an investment firm based in New York, is preparing to open a new office in Mexico City. This move is part of the firm’s broader strategy to strengthen its relationships with clients and attract more investors from across Latin America. By establishing a physical presence in Mexico, New Mountain aims to improve its connection with the region and provide more direct support to its partners and stakeholders.

PGIM And Partners Sign Strategic Partnership For Delivering Multi-Asset Investment Solutions

By Amit Chowdhry ● Yesterday at 5:14 PM

PGIM, the $1.44 trillion global investment management business of Prudential Financial, and Partners Group, one of the largest private markets investment firms in the world, have entered into a strategic partnership to create and deliver a range of multi-asset portfolio solutions for both individual and institutional investors.

Arch: $52 Million Series B Raised For Simplifying Private Market Investing

By Amit Chowdhry ● Sep 17, 2025

Arch has secured $52 million in a Series B round led by Oak HC/FT, with participation from Menlo Ventures, Craft Ventures, Quiet Capital, and other investors. This funding will support Arch’s plans to grow its team, enhance its technology, and deepen its focus on institutional investors, large private wealth groups, and established family offices that manage significant alternative assets.

Piper Sandler: Acquisition Of G Squared Capital Completed

By Amit Chowdhry ● Sep 17, 2025

Piper Sandler has finalized the acquisition of G Squared Capital Partners, a Washington, D.C.-based boutique investment bank focused on government services and defense technology. The deal integrates G Squared’s specialty coverage into Piper Sandler’s existing technology investment banking platform, expanding its capabilities in federal markets.