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GTCR Selling AssuredPartners For $13.45 Billion To Arthur J. Gallagher

By Amit Chowdhry ● Dec 16, 2024

Leading private equity firm GTCR announced that it had signed a definitive agreement to sell AssuredPartners, a leading independent insurance broker, to Arthur J. Gallagher & Co., a global insurance brokerage, risk management, and consulting services firm, for $13.45 billion in an all-cash transaction. This deal is the largest sale of a U.S. insurance broker to a strategic acquiror in the history of the industry.

Ameriprise: Brian Mora Named As SVP Of Experienced Advisor Recruiting

By Amit Chowdhry ● Dec 16, 2024

Ameriprise Financial announced that Brian Mora was named Senior Vice President of Experienced Advisor Recruiting. And Mora has over 20 years with Ameriprise, most recently as regional vice president in the central region of the firm’s branch channel.

MAI Capital Management Onboards $350 Million Carmichael Hill & Associates Team

By Amit Chowdhry ● Dec 16, 2024

MAI Capital Management - a registered investment adviser specializing in comprehensive investment and financial planning for high-net-worth individuals and families - announced the acquisition of Carmichael Hill & Associates. The terms of the transaction were not disclosed.

Patient Square Capital Buying Patterson Companies In $4.1 Billion Deal

By Amit Chowdhry ● Dec 16, 2024

Patterson Companies - a leading dental and animal health distributor - announced that it has entered into a definitive agreement to be acquired by Patient Square Capital.

Modern Wealth Management Adding $500 Million AUM With Several Acquisitions

By Amit Chowdhry ● Dec 16, 2024

Modern Wealth Management, a registered investment advisory (RIA) firm created to meet the evolving needs of today’s financial professionals and their clients, announced the acquisition of the Lenexa, Kansas-based Fiser Group. Additionally, Modern Wealth revealed plans to finalize the acquisitions of Saginaw, Michigan-based Gardey Financial Advisors and Chapel Hill, North Carolina-based LFM Wealth Management by year-end.

LPL Brings In $540 Million Prestige Wealth Group Team

By Amit Chowdhry ● Dec 16, 2024

LPL Financial announced that Prestige Wealth Group (PWG) advisors, led by managing partners Rich Galgano, CFP, and Matt Geraci, CFP, have joined LPL Financial’s broker-dealer, RIA, and custodial platforms. They reported serving about $540 million in advisory, brokerage, and retirement plan assets and joined LPL from Osaic.

Hightower Invests In $800 Million Wealth Management Firm Dechtman

By Amit Chowdhry ● Dec 16, 2024

Hightower announced that the firm has made a strategic investment in Dechtman Wealth Management, a financial planning and wealth management practice with $800 million in assets in the Denver area.

Sidley Reveals 38 Newly-Elected Partners And 27 Newly-Promoted Counsel

By Amit Chowdhry ● Dec 16, 2024

Sidley - a global law firm with 2,300 lawyers, annual revenue of $3.2 billion, and experience that spans 158 years - announced the names of its 38 newly-elected partners and 27 newly-promoted counsel listed below by office and area of practice. These attorneys will become partners and counsel at Sidley effective January 1, 2025.

Computershare Buying ingage IR Limited

By Amit Chowdhry ● Dec 16, 2024

Computershare announced that it has agreed to acquire ingage IR Limited. ingage offers investor relations and engagement software to help listed companies worldwide build and manage their investor relations function.

Blackstone Signs $2.6 Billion Tokyo Real Estate Deal

By Amit Chowdhry ● Dec 16, 2024

Blackstone announced that its Real Estate funds entered into definitive agreements to buy Tokyo Garden Terrace Kioicho, an acclaimed 2.4 million-square-foot mixed-use asset, from affiliates of Seibu Holdings. At $2.6 billion (around JPY 400 billion), this marks the largest real estate investment by a foreign investor in Japan and the firm’s largest investment to date across businesses in the market.

Mariner Acquires Atlas Financial And Newport Advisory, Adding $878 Million More In AUM

By Amit Chowdhry ● Dec 16, 2024

Leading national financial services firm Mariner announced it has acquired Sarasota, Florida-based Atlas Financial and Newport Beach, California-based Newport Advisory in a pair of deals that will bring the firm a combined total of about $878 million in assets under management.

Concurrent Brings In 6 New Advisors, Reaching $9.7 Billion In AUM

By Amit Chowdhry ● Dec 16, 2024

Concurrent Investment Advisors, a leading multi-custodial hybrid registered investment adviser (RIA), announced it reached $9.7 billion in assets under management with the addition of six new advisors and additional support staff.

UVM Research Reveals Breakthrough Mechanism In Brain Blood Flow Regulation

By Amit Chowdhry ● Dec 16, 2024

A team of UVM scientists headed by Mark Nelson, Ph.D., from the Larner College of Medicine at the University of Vermont, has uncovered a novel mechanism that reshapes understanding how blood flow is regulated in the brain. This study, published in The Proceedings of the National Academy of Sciences (PNAS) - a high-impact, peer-reviewed journal of the National Academy of Sciences (NAS) - introduces Electro-Calcium (E-Ca) Coupling. This process integrates electrical and calcium signaling in brain capillaries to deliver precise blood flow to active neurons.

Cofactr: Supply Chain Management Platform Raises $17 Million (Series A)

By Amit Chowdhry ● Dec 15, 2024

Cofactr - a supply chain and logistics management platform that streamlines production processes and policies for critical hardware manufacturers - announced the closing of its $17.2 million Series A funding round. Bain Capital led the funding, and they were joined by existing seed investors Y Combinator, Floating Point Ventures, Broom, and DNX. The new investment brings Cofactr’s total funding to $28.8 million.

Turn Therapeutics: $75 Million Investment Commitment Secured From GEM Global

By Amit Chowdhry ● Dec 15, 2024

Turn Therapeutics - an innovator in advanced wound and dermatology solutions - announced a significant investment commitment from GEM Global Yield, a $3.4 billion private equity and alternative investment group.

ANYbotics: AI-Based Robotic Inspection Solutions Company Raises $60 Million

By Amit Chowdhry ● Dec 15, 2024

ANYbotics, a leader in AI-based robotic inspection solutions, has raised an additional $60 million, bringing its total funding to over $130 million. This new funding is led by Qualcomm Ventures and Supernova Invest, with participation from TDK Ventures and other new investors. Backed by existing investors from Silicon Valley and Europe, including Walden Catalyst, NGP Capital, Bessemer Venture Partners, Swisscanto, and Swisscom Ventures, this funding will accelerate the company's global scaling and recent expansion in the U.S. to meet the growing demand for its industrial inspection robots and enhance the company’s ability to deliver exceptional services and seamless integrations worldwide.

Legion Technologies: Workforce Management Company Raises $50 Million

By Amit Chowdhry ● Dec 15, 2024

Legion Technologies, an innovator in workforce management (WFM), announced it has raised $50 million in financing from Silicon Valley Bank (SVB), a division of First Citizens Bank. The funding, which brings Legion’s total funding to $195 million, follows a $50 million growth round led by Riverwood Capital earlier this year.

Vapi: $20 Million (Series A) Raised To Advance Developer Platform For Deploying Voice AI Agents

By Amit Chowdhry ● Dec 15, 2024

Vapi, a leading developer platform for deploying Voice AI agents, announced that it raised $20 million in Series A funding. The round was led by Bessemer Venture Partners and included participation from Abstract Ventures, AI Grant, Y Combinator, Saga Ventures, and Michael Ovitz. The funding will enable the company to expand its engineering team, scale its infrastructure, and reach new enterprise customers.

On Me: Digital Gift Platform Raises $1.7 Million (Seed) And Partners With Mastercard

By Amit Chowdhry ● Dec 15, 2024

Personalized digital gifting platform On Me announced a 5-year industry partnership with Mastercard and $1.7 million in pre-seed funding from Lerer Hippeau and Focal.VC as it emerges from stealth.

Summit Financial Onboards $550 Million Midway Wealth Partners Team

By Amit Chowdhry ● Dec 15, 2024

Summit Financial, an investment advisory firm with over 40 years of experience providing market-leading, multi-family office services that empower financial advisors to accelerate growth, announced that Midway Wealth Partners has joined its network. Summit’s partnership model, Summit Growth Partners (SGP), has strategically invested in Midway, bringing its total strategic investments to 17 for the year.

New York Life Investments Buying Stake In $4.5 Billion European PE Firm Andera Partners

By Amit Chowdhry ● Dec 15, 2024

New York Life Investments, Candriam and Andera Partners announced plans to enter into a strategic partnership where New York Life Investments, a diversified, global asset management firm with $750 billion in assets under management (AUM), will acquire – through its global affiliate network – a 40% minority equity interest in Andera.

Commonwealth Financial Brings In $300 Million FA Douglas Perry

By Amit Chowdhry ● Dec 15, 2024

Commonwealth Financial Group - a MassMutual firm serving New England - announced it has welcomed Douglas Perry and his accomplished team to its growing network. Formerly with BMO Investments in Portland, Oregon, Perry reported having served over $300 million in client assets, earning a reputation for his comprehensive and client-centric wealth management strategies. The team includes Caroline Perry, Vice President of Operations, and Megan Waters, Client Services Director. Together, they will operate under the newly established Stafford Wealth Advisors.

Redesign Health: $175 Million Raised To Empower Founders To Launch Healthcare Companies

By Amit Chowdhry ● Dec 15, 2024

Redesign Health, a venture builder enabling founders to launch and scale transformative healthcare companies, announced it closed a $175 million investment for a new fund to advance healthcare company creation. Investment in the fund includes participation from Declaration Partners, Euclidean Capital, and True North Advisors.

Archer Raises $430 Million And Signs Strategic Partnership With Anduril

By Amit Chowdhry ● Dec 14, 2024

Archer and Anduril announced an exclusive partnership to jointly create a hybrid VTOL aircraft for critical defense applications targeting a potential program of record from the DOD. For supporting this initiative and other general corporate purposes, Archer raised $430 million in additional equity capital, with participation from Stellantis, United Airlines, and new institutional investors, including Wellington Management and Abu Dhabi investment holding company 2PointZero, a subsidiary of UAE’s largest listed entity IHC.

University of Portland Reveals $20 Million Gift From Anonymous Donor Family

By Amit Chowdhry ● Dec 14, 2024

The University of Portland (UP) announced a $20 million gift—one of the most significant single gifts in school history—from a multi-generational family whose ties to the University span over 65 years.

Mainframe: $5.5 Million (Seed) Raised For Generative Productivity Software

By Amit Chowdhry ● Dec 14, 2024

Mainframe, a company designing intelligent and beautiful generative productivity software, has announced an oversubscribed $5.5 million seed funding round. The funding round was co-led by Peter Boyce II of Stellation and Lachy Groom, with participation from Alana Goyal, Akshay Kothari (co-founder of Notion), Weekend Fund, and others. This funding brings the company’s total to $6.75 million and highlights investor confidence in Mainframe’s vision to build tools that elevate human productivity and reimagine how humans and computers interact.

Pleno: Clinical And Multi-Omics Diagnostics Company Raises $25 Million (Series B)

By Amit Chowdhry ● Dec 14, 2024

Pleno, a clinical and multi-omics diagnostics company revolutionizing biological target detection, announced the appointment of Dr. Vik Vaz, M.D., as its new chief executive officer and to serve on its Board of Directors, effective immediately.Dr. Vaz will lead Pleno’s next growth phase as the company prepares to scale its commercial operations with the help of its new $25 million Series B funding. The key investors, Deerfield Management, Foresite Capital, and Medical Excellence Capital, remain committed to supporting the next phase of the company’s growth strategy.

Pin: AI-Based Recruitment Platform Company Raises $3 Million (Seed)

By Amit Chowdhry ● Dec 14, 2024

Pin, an AI-based recruitment tool that automates tedious hiring tasks and reduces time-to-hire by nearly 70% announced a $3 million seed round led by Expa Ventures, a leading early-stage venture firm and incubator. And Pin now serves over 600 customers.

Nanoramic: Advanced Battery Technology Company Raises $44 Million

By Amit Chowdhry ● Dec 14, 2024

Nanoramic - a pioneer in advanced battery technology - announced $44 million in financing. The funding round was co-led by General Motors Ventures (GM Ventures) and Catalus Capital, with participation from Samsung Venture Investment Corporation, Top Material, and existing investors, including Fortistar Capital and WindSail Capital Group. This investment will significantly support Nanoramic's efforts to commercialize its groundbreaking Neocarbonix technology across various industries and applications.

Jiko: $29 Million (Series C) Raised To Provide Seamless Access To U.S. Treasury Bills

By Amit Chowdhry ● Dec 14, 2024

Jiko, a technology platform and bank that provides seamless access to U.S. Treasury bills, announced the completion of a $29 million Series C funding round led by existing investors Upfront Ventures, with the participation from Airbus Ventures, Red River West, Radicle Impact, and other undisclosed investors. This latest funding round strengthens the company’s operating capital as it continues establishing itself as a major player in the institutional and enterprise market.