Asset Management

CVC Credit: Cordatus XXXI Closed At Over €440 Million

By Amit Chowdhry ● May 7, 2024

CVC Credit, CVC Capital Partners' €40 billion global credit management business, announced it has successfully closed Cordatus XXXI, its fourth new Collateralized Loan Obligation (CLO) of the year, worth over €440 million.

Investec Names Michael Miller As Head Of Private Credit Management In Direct Lending Expansion

By Amit Chowdhry ● May 7, 2024

Investec Bank plc announced the expansion of its Direct Lending platform by hiring Michael Miller to lead and grow its newly established Private Credit Management (PCM) team. Investec Direct Lending is a European private credit manager offering institutional investors, family offices, and UHNW Individuals exclusive access to higher growth lower mid-market borrowers. The creation of the PCM team also marks the next stage in the evolution of Investec’s proposition to private debt borrowers.

FusionIQ Launches FIQ Freedom, Enabling Breakaway Advisors To Transition To Independence

By Amit Chowdhry ● May 7, 2024

FusionIQ, a leader in delivering cloud-based wealth management solutions with an all-in-one digital platform for financial advisors and institutions, announced the launch of FIQ Freedom, the latest addition to its suite of innovative products on the FusionIQ One platform.

MAI Capital Management Brings In $312 Million Harbor Wealth Management Team

By Amit Chowdhry ● May 7, 2024

MAI Capital Management, a registered investment adviser (RIA) specializing in comprehensive investment and financial planning for high-net-worth individuals and families, announced the acquisition of Harbor Wealth Management. The terms of the transaction were not disclosed.

Brookfield Buying 51% Stake In Castlelake’s Fee-Related Earnings Business

By Amit Chowdhry ● May 6, 2024

Brookfield Asset Management and Castlelake L.P., an alternatives asset manager specializing in asset-based private credit, including aviation and specialty finance, announced that they have entered into an agreement in which Brookfield will buy a 51% stake in Castlelake’s fee-related earnings business. Brookfield will invest about $1.5 billion, including capital to be invested in Castlelake’s investment strategies by Brookfield Reinsurance. This partnership will enable Castlelake and Brookfield to collaborate and expand Castlelake’s differentiated asset-based investment business.

Colbeck Capital: Jared Talisman Joins As Managing Director And Head Of Originations

By Amit Chowdhry ● May 6, 2024

Colbeck Capital Management, a middle-market private credit manager focused on strategic lending, announced today that Jared Talisman has joined the firm as a Managing Director and Head of Originations. Talisman most recently served as a Managing Director at Principal Alternative Credit, where he led and managed the sourcing, structuring, and due diligence of non-sponsored private credit investments.

Securitize: Real World Asset Tokenization Company Raises $47 Million

By Amit Chowdhry ● May 6, 2024

Securitize, a leader in tokenizing real-world assets, announced the successful completion of a $47 million funding round led by BlackRock. This strategic investment also includes funding from Hamilton Lane, ParaFi Capital, and Tradeweb Markets. In connection with the financing, Joseph Chalom, BlackRock's Global Head of Strategic Ecosystem Partnerships, has been appointed to Securitize's Board of Directors.

Avantax Buys Integrated Tax & Wealth Strategies’ $760 Million Wealth Management Operations

By Amit Chowdhry ● May 5, 2024

Avantax, a leader in tax-focused financial planning and wealth management, announced it has acquired the wealth management business of Integrated Tax & Wealth Strategies. This independent wealth management firm is one of the largest businesses within the Avantax Community, with $760 million in total client assets as of December 31, 2023.

Golub Capital: $2 Billion Sixth Credit Opportunities Fund Closed

By Amit Chowdhry ● May 3, 2024

Golub Capital announced the final closing of its sixth credit opportunities fund, GEMS Fund 6, L.P. (Fund 6), with $2 billion of investable capital. Fund 6 is Golub Capital’s largest Credit Opportunities fund to date. The commitments were over the target fundraise and came from a diverse range of global institutional and private wealth investors across North America, Europe, the Middle East, and Asia.

LPL Brings In $860 Million Strategic Wealth Partners Team

By Amit Chowdhry ● May 3, 2024

LPL Financial announced that the advisors at Strategic Wealth Partners have joined LPL Financial’s broker-dealer, RIA and custodial platforms. This team reported serving about $860 million in advisory, brokerage and retirement plan assets and joins LPL from Lincoln Financial.