Asset Management

New Mountain Capital: Mexico City Office Established

By Amit Chowdhry ● Sep 19, 2025

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 ● Sep 18, 2025

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.

GCG Advisory Partners: Strategic Investment Raised From BharCap Partners

By Amit Chowdhry ● Sep 15, 2025

GCG Advisory Partners, the parent company of GCG Wealth Management, has marked a significant milestone in its 31-year history by completing a recapitalization and securing a strategic investment from BharCap Partners, a private investment firm based in Greenwich, Connecticut that specializes in the financial services sector. This transaction represents a significant step forward for GCG, providing both the resources and the strategic partnership needed to fuel its next stage of expansion.

ICG: €3.15 Billion Raised For Second European Infrastructure Fund

By Amit Chowdhry ● Sep 15, 2025

ICG, a global alternative asset manager, has announced the final close of its second European Infrastructure Fund, securing €3.15 billion (about $3.7 billion) in commitments. This is more than double the size of its predecessor, ICG Infrastructure Equity I, which closed in 2022 with €1.5 billion.

LinePoint Partners Onboards Family Office Veteran Dan Cole As CFO & Head of Advanced Wealth Planning

By Amit Chowdhry ● Sep 15, 2025

LinePoint Partners & Co., a family office firm that provides an exclusive affiliation model for ultra-high-net-worth breakaway advisors and single-family office leaders, has named Dan Cole as its new Chief Financial Officer and Head of Advanced Wealth Planning.

EQT Launches Nexus ELTIF Private Equity To Broaden Access To Private Markets

By Amit Chowdhry ● Sep 15, 2025

EQT has announced the Nexus ELTIF Private Equity fund, a new investment vehicle designed to open up private market opportunities to a broader range of investors under the European Union’s updated ELTIF 2.0 framework. ELTIF, short for European Long-Term Investment Fund, is a regulated structure created to channel capital into long-term, often illiquid asset classes such as private equity, infrastructure, and real estate.

Stephens: Jason Thomas Named As Chief Tax And Wealth Planning Strategist

By Amit Chowdhry ● Sep 15, 2025

Stephens, an independent financial services firm headquartered in Little Rock, Arkansas, has named Jason Thomas, CPA, JD, as Managing Director and Chief Tax and Wealth Planning Strategist within its Private Wealth Management division.

SEIA To Buy $1.6 Billion Firm Select Money Management

By Amit Chowdhry ● Sep 15, 2025

Signature Estate & Investment Advisors (SEIA), a nationally recognized wealth management firm, has agreed to acquire Select Money Management (SMM), an advisory business based in Aliso Viejo, California, with approximately $1.6 billion in assets under management.

Wealth Enhancement Buying $150 Million Firm Dempsey Investment

By Amit Chowdhry ● Sep 11, 2025

Wealth Enhancement Group, a national independent wealth management firm, has announced the acquisition of Dempsey Investment Management, LLC, a South Burlington, Vermont-based registered investment adviser overseeing more than $150 million in client assets. The move strengthens Wealth Enhancement’s footprint in the Northeast and aligns with its strategy of partnering with firms that prioritize personalized, client-first financial planning.

Sagard And Baird Sign Strategic Partnership To Expand Access To Alternative Investments

By Amit Chowdhry ● Sep 11, 2025

Sagard, a global alternative asset manager, and Baird, a privately held international financial services firm, have announced a new strategic partnership aimed at expanding their reach and capabilities within the U.S. wealth management market. This collaboration marks a key step in Sagard’s broader strategy to build a middle-market-focused asset management platform with global scale, while also enhancing Baird’s ability to offer unique investment solutions to its clients.

United Capital Acquires $1.1 Billion Advisory Firm The Paul Group

By Amit Chowdhry ● Sep 10, 2025

United Capital Financial Advisors has acquired The Paul Group, a boutique advisory firm serving ultra-high-net-worth clients with $1.1 billion in assets under management. The deal, which closed on August 22, 2025, brings a seasoned four-person team with over 30 years of experience and established client relationships in both Los Angeles and New York.

Kestra Private Wealth Services: $185 Million FA Tim Semke Joins

By Amit Chowdhry ● Sep 10, 2025

Kestra Private Wealth Services (Kestra PWS), a subsidiary of Kestra Financial, has announced that Tim Semke, CFP, has joined its network of independent financial professionals through a new partnership with Kindred Wealth Partners. Based in Pennsylvania, Kindred is affiliated with Kestra PWS and known for its client-first approach to wealth management.

Allocate: $30.5 Million Secured For Expanding AI-Based Platform For Private Market Investing

By Amit Chowdhry ● Sep 10, 2025

Allocate, a technology company focused on simplifying private market investing, has announced the close of a $30.5 million Series B funding round. This brings the company’s total capital raised to $64 million and supports its mission to modernize how wealth advisors and family offices access and manage private investments. The round was led by Portage Ventures, with participation from Andreessen Horowitz, M13, and Fika Ventures.

Goldman Sachs Asset Management: $40 Billion OCIO Mandate From Shell Pension Funds Secured

By Amit Chowdhry ● Sep 9, 2025

Goldman Sachs Asset Management has been selected by multiple pension entities and a captive insurance company affiliated with Shell Plc and its subsidiaries to manage a $40 billion mandate covering international pension plan assets across Europe, along with advisory services for North American pension plans. This appointment marks one of the largest multi-national Outsourced Chief Investment Officer (OCIO) mandates in Goldman Sachs’ history and follows a competitive selection process overseen by consultancy firm Isio.

New England Private Wealth Advisors Onboarding $1.6 Billion Firm DHK

By Amit Chowdhry ● Sep 9, 2025

New England Private Wealth Advisors (NEPWA), a Boston-based registered investment advisor serving high-net-worth families and institutions, has announced the acquisition of DHK Financial Advisors, a well-established RIA headquartered in Portsmouth, New Hampshire. As of June 30, 2025, DHK managed $1.6 billion in assets, and the combined firm will now oversee nearly $5 billion in total assets under management.

Savant Wealth Onboarding $1.2 Billion Firm PrairieView Partners

By Amit Chowdhry ● Sep 8, 2025

Savant Wealth Management, a nationally recognized fee-only registered investment adviser, has announced the acquisition of PrairieView Partners, a respected RIA based in St. Paul, Minnesota. With more than $1.2 billion in assets under management, PrairieView brings a strong legacy of comprehensive wealth planning services to Savant’s growing national platform.

Cerity And Graypoint Merging To Expand Wealth And Institutional Advisory Services

By Amit Chowdhry ● Sep 8, 2025

Independent wealth management firm Cerity Partners announced its intention to merge with Graypoint, a well-established financial advisory firm based in Albany, New York. This strategic merger marks a significant expansion of Cerity Partners’ footprint in the Capital Region. It reflects the firm’s ongoing commitment to deepening its presence in key markets across the country. Once the transaction is finalized, Graypoint will operate under the Cerity Partners brand, and its President and CEO, Daniel Nolan, will assume a new leadership role as Partner and Vice Chairman of Cerity Partners.

Rithm Capital To Buy $17 Billion AUM Crestline

By Amit Chowdhry ● Sep 8, 2025

Rithm Capital, a global alternative asset manager known for its expansive reach across credit, real estate, and structured finance, has announced a definitive agreement to acquire Crestline Management, L.P., a respected alternative investment firm with approximately $17 billion in assets under management.

Modern Wealth Expanding National Reach With Acquisition Of $1.1 Billion Firm PSF/Galloway

By Amit Chowdhry ● Sep 7, 2025

Modern Wealth Management has announced the acquisition of Public Safety Financial/Galloway (PSF/Galloway), a Mesa, Arizona-based RIA managing $1.1 billion in assets. This deal not only expands Modern Wealth’s footprint into the Southwest but also marks the formal launch of Public Safety Financial, a new division dedicated to serving the unique financial needs of police officers, firefighters, government employees, military veterans, and their families.

Corient Acquires $3.5 Billion Firm Breed’s Hill Capital, Expanding Services For Ultra-High-Net-Worth Families

By Amit Chowdhry ● Sep 7, 2025

Wealth management firm Corient announced the acquisition of Breed’s Hill Capital, a Boston-based multi-family office known for its high-touch advisory services and deep expertise in serving ultra-high-net-worth families. With about $3.5 billion in assets under management, Breed’s Hill Capital brings a seasoned team and a legacy of personalized financial planning to Corient’s expanding national platform.

Cerity Partners To Merge With Graypoint For Expanding Wealth And Advisory Services

By Amit Chowdhry ● Sep 5, 2025

Cerity Partners, one of the nation’s leading independent wealth management firms, has announced its intention to merge with Graypoint, a respected financial advisory firm based in Albany, New York. This strategic move marks a significant expansion of Cerity Partners’ footprint in the Capital Region, reflecting the firm’s ongoing commitment to deepening its presence in key markets across the country.

Citi And BlackRock Sign $80 Billion Strategic Partnership To Transform Global Wealth Management

By Amit Chowdhry ● Sep 5, 2025

Citi Wealth has announced a major strategic partnership with BlackRock that will reshape how investment services are delivered to its global client base. The collaboration, which centers around the launch of Citi Portfolio Solutions powered by BlackRock, represents a significant evolution in Citi’s wealth management offering. It brings together Citi’s deep expertise in financial planning and advisory services with BlackRock’s global leadership in investment management and technology.

Hightower Advisors: Randy Bullard Appointed To Lead Investment Management

By Amit Chowdhry ● Sep 4, 2025

Hightower Advisors has announced the appointment of Randy Bullard as Head of Investment Management. This newly created role reflects Hightower’s commitment to enhancing its investment capabilities and delivering more scalable solutions to its growing network of advisors and clients. Bullard, a seasoned executive with deep experience in wealth management, most recently served as Global Head of Wealth at State Street, where he played a pivotal role in shaping investment platforms for some of the world’s largest financial institutions.

Goldman Sachs Investing Up To $1 Billion In T. Rowe Price

By Amit Chowdhry ● Sep 4, 2025

Goldman Sachs and T. Rowe Price have announced a new partnership aimed at combining their strengths to offer a broader range of investment solutions. This collaboration is designed to cater specifically to the evolving needs of individuals planning for retirement and those managing wealth.

Steward Partners: $230 Million FA Casper Terpinski Joins Dallas Team

By Amit Chowdhry ● Sep 3, 2025

Steward Partners, an employee-owned independent financial services firm known for its comprehensive approach to wealth management, has announced the addition of Casper Terpinski to its Dallas-based Park Cities Group team. Casper brings with him a wealth of experience and a client-centered approach that aligns well with the firm’s values. He has added approximately $230 million in client assets, a testament to his successful career and the trust he has built with his clients.

LPL Financial: $715 Million Firm Concentric Wealth Onboarded

By Amit Chowdhry ● Sep 3, 2025

LPL Financial has recently announced a notable development for Concentric Wealth Management. The advisors from Concentric, a firm based in Cincinnati, Ohio, have decided to join LPL Financial’s broker-dealer and Registered Investment Advisor (RIA) platform. This move signifies a significant step forward for the team, which has been serving its clients for many years through a strong and trusted partnership.

Merchant Partnering With $2.5 Billion Firm Validus Capital

By Amit Chowdhry ● Sep 3, 2025

Merchant, a globally active company that specializes in providing growth capital along with strategic resources to independent financial services firms, has announced a new partnership with Validus Capital. Based in Los Angeles, Validus is a registered investment adviser managing approximately $2.5 billion in client assets. Established in 2022 by John Krambeer, Validus has quickly set itself apart as a modern, multi-family office platform built to serve the unique needs of ultra-high-net-worth families.

Raymond James: Johan Grahn Named As The New Head Of ETFs

By Amit Chowdhry ● Sep 3, 2025

Raymond James Investment Management, a global asset management firm with a substantial portfolio of $114.7 billion in assets under management, has appointed Johan Grahn as the new Head of ETFs. This appointment underscores the firm's commitment to expanding and enhancing its ETF product lineup.