Innovation

Goldman Sachs Acquires Stake In Private Credit Firm Kennedy Lewis

By Amit Chowdhry ● Apr 5, 2024

Kennedy Lewis Investment Management (a leading opportunistic credit manager) announced that Petershill at Goldman Sachs Asset Management had made a passive minority investment in the firm.

EP Wealth Advisors Acquires $1.2 Billion Wacker Wealth Partners

By Amit Chowdhry ● Apr 5, 2024

EP Wealth Advisors, a leading independent registered investment adviser (RIA) with an expanding national presence and client base, announced it had acquired Wacker Wealth Partners. This partnership with the San Luis Obispo, California-based firm expands EP’s presence in California to the state’s Central Coast and adds nearly $1.2 billion in assets under management.

Kovitz Brings In $4.5 Billion Strategic Wealth Partners

By Amit Chowdhry ● Apr 5, 2024

Focus Financial Partners, a leading partnership of fiduciary wealth management firms, announced that it has entered into a definitive agreement under which its partner firm Strategic Wealth Partners Group (SWP), based in Deerfield, Illinois, will formally join Focus “hub” firm Kovitz Investment Group Partners. Subject to customary closing conditions, this deal is expected to close in the second quarter of this year.

actnano: Surface Protection Technology Company Raises $40 Million

By Amit Chowdhry ● Apr 5, 2024

actnano, a leader in surface protection technologies for automotive, consumer, and industrial electronics, announced the closing of a $40 million investment by Anthelion Capital.

Adenia: Fifth Flagship Fund Closed At $470 Million

By Amit Chowdhry ● Apr 5, 2024

Adenia Partners, a leading PE firm focused on growth opportunities in Africa, has closed its fifth fund, Adenia Capital V - known as AC(V) - at its $470 million hard cap. This fund was significantly oversubscribed and attracted commitments from new and existing investors globally.

Hildred Capital: Closes Multi-Asset Continuation Fund With Over $750 Million In Commitments

By Amit Chowdhry ● Apr 5, 2024

Hildred Capital - a healthcare-focused private equity firm specializing in partnering with middle-market companies - announced the closing of a multi-asset continuation fund led by Lexington Partners.

Neurosterix: $63 Million Raised For Developing Allosteric Modulator Therapeutics For Underserved Neurological Disorders

By Amit Chowdhry ● Apr 5, 2024

Neurosterix, a biopharmaceutical company dedicated to developing allosteric modulator therapeutics for underserved neurological disorders, announced it has launched with a $63 million Series A financing led by Perceptive Xontogeny Venture Fund II, with participation from Perceptive Life Sciences Fund and Acorn Bioventures.

Read AI: $21 Million Raised To Make Meetings More Efficient

By Amit Chowdhry ● Apr 5, 2024

Read AI - a leader in gen AI meeting summaries - announced a $21 million Series A funding round led by Goodwater Capital with existing investor Madrona Venture Group. Goodwater partner Coddy Johnson will join the Board of Directors alongside Madrona’s Matt McIlwain and David Shim (Read AI’s Co-Founder and CEO). The additional funding will accelerate Read AI’s goal of building the future of work, where every interaction is improved with AI.

The Pasha Group: Funding Raised From Morgan Stanley Infrastructure Partners

By Amit Chowdhry ● Apr 5, 2024

Morgan Stanley Investment Management (MSIM), through investment funds managed by Morgan Stanley Infrastructure Partners (MSIP) announced it has provided an unsecured term loan to The Pasha Group, a family-owned and third-generation maritime transportation company, to support continued infrastructure investment in the Hawaii trade.

Alsym Energy: $78 Million Raised To Develop Next-Gen Non-Flammable Rechargeable Batteries

By Amit Chowdhry ● Apr 5, 2024

Alsym Energy, a developer of next-generation non-flammable rechargeable batteries for stationary storage, marine, and mobility applications, announced a $78 million funding round jointly led by Tata Limited (a wholly-owned subsidiary of Tata Sons) and General Catalyst. Thrive Capital and Thomvest joined the round along with existing investor Drads Capital. Alsym will use the funding to expand its team and prototyping and pilot lines, which will help address the increasing demand for customer samples.

TPG To Buy Collision Repair Multi-Site Operator Classic Collision

By Amit Chowdhry ● Apr 5, 2024

Global alternative asset management firm TPG has agreed to acquire Classic Collision, a leading national collision repair multi-site operator. TPG Capital (the U.S. and European private equity platform of TPG) will buy the business from New Mountain Capital. Classic Collision’s management team will remain invested in the company. The terms of the transaction were undisclosed.