Archives

Ameriprise Onboards $250+ Million FA Team

By Amit Chowdhry ● Nov 10, 2024

Financial advisors Kelly France, CFP, AWMA, and Dan Lotts recently joined the Ameriprise Financial practice River Prairie Wealth Partners. This team is based in Altoona, Wisconsin and is led by Ameriprise Private Wealth Advisor Adam Mohr, CRPC, APMA.

Adams Street Partners: 2024 Global Fund Program Closed With $1.1 Billion In Commitments

By Amit Chowdhry ● Nov 10, 2024

Adams Street Partners, a leading private markets investment firm with $60+ billion in assets under management, announced it has held the final closing of the Adams Street 2024 Global Fund Program with $1.1 billion in committed capital.

Why Accenture Is Buying Allitix

By Amit Chowdhry ● Nov 10, 2024

Accenture announced it acquired Allitix, a consulting and technology company specializing in Anaplan solutions with capabilities across financial planning and analysis, sales performance management, and supply chain.

UBS Hires Michigan-Based Advisor Denise Meulebrouck

By Amit Chowdhry ● Nov 10, 2024

UBS Wealth Management announced that Denise Meulebrouck has joined the firm as a Financial Advisor based in Birmingham, Michigan. She brings over 27 years of wealth management experience and will join the 12-person advisor team, BLS Meulebrouck Wealth Management Group at UBS.

Focus Financial Partners To Onboard Homan Wealth Advisors

By Amit Chowdhry ● Nov 10, 2024

Focus Financial Partners - a leading partnership of wealth management, business management, and related financial services firms - announced that it has entered into a definitive agreement under which Homan Wealth Advisors of Omaha, Nebraska will join Buckingham Strategic Wealth (a trade name of The Colony Group). This deal is expected to close in the fourth quarter of 2024, subject to customary closing conditions.

Janney Brings In Firms Together Representing Over $700 Million In Assets

By Amit Chowdhry ● Nov 10, 2024

Janney Montgomery Scott - a leading full-service wealth management and investment banking firm - announced the addition of Markley Beckley Wealth Advisors and HD Wealth Partners.

Sequoia Financial Group Acquires Family Asset Management

By Amit Chowdhry ● Nov 10, 2024

Akron, Ohio-based Sequoia Financial Group — a wealth management firm with $21.5 billion in assets under management as of September 30, 2024 — and Family Asset Management (FAM), a Charleston, South Carolina-based investment advisory firm, announced that Sequoia Financial acquired FAM. The terms of the deal were undisclosed.

Diversify Advisor Network Onboards $215 Million Asset Teams

By Amit Chowdhry ● Nov 10, 2024

Diversify Advisor Network has announced the addition of two advisor teams during October: Michael McHugh and Griffin Wealth Partners.

Cyndeo Wealth Partners Onboards $200 Million FA Shawn Jiles

By Amit Chowdhry ● Nov 10, 2024

Cyndeo Wealth Partners announced that Shawn Jiles, CPFA, C(k)P, CRPS, CRPC has joined the firm as a Central Florida-based advisor managing about $200 million in assets.

Burling Reveals Wealth Management Firm With $750+ Million In AUM

By Amit Chowdhry ● Nov 10, 2024

Veteran wealth advisor Mark Resnik and investment manager Steven Resnik announced the launch of Burling Wealth Partners, which has over $750 million in assets under management. Based in Chicago, Burling is an innovative, independent wealth management firm dedicated to serving as a trusted partner for high-net-worth individuals and families.

Emidat: €4 Million Raised From General Catalyst To Help Reduce Emissions

By Amit Chowdhry ● Nov 10, 2024

Emidat, a leading provider of environmental data solutions for the construction industry, announced a €4 million seed funding round led by General Catalyst. This funding round will enable Emidat to support the construction industry in reducing the world's environmental footprint, starting with a revolution in labeling every building material.

FREYR Battery Signs $340 Million Deal With Trina Solar

By Amit Chowdhry ● Nov 10, 2024

Trina Solar announced that it has entered into a transaction agreement with FREYR Battery. The deal includes a 5GW module manufacturing plant in Wilmer, Texas, and is expected to be completed by the end of the year.

Wealth Enhancement Group Buys $536 Million RIA M&R Capital Management

By Amit Chowdhry ● Nov 10, 2024

Wealth Enhancement Group - a national independent wealth management firm with over $96.6 billion in client assets - announced the acquisition of M&R Capital Management, an independent RIA in Summit, New Jersey. The team of three financial advisors and three support staff oversees over $536 million in client assets and is led by John Maloney, Chairman and Chief Executive Officer.

Molson Coors Beverage Company Acquires Majority Stake In ZOA Energy

By Amit Chowdhry ● Nov 10, 2024

Molson Coors Beverage Company announced it is taking a majority ownership stake in ZOA, the better-for-you energy brand co-founded by Dwayne “The Rock” Johnson, Dany Garcia, Dave Rienzi, and John Shulman. Buying a majority stake enables Molson Coors to lead the entirety of ZOA’s marketing, retail, and direct-to-consumer sales and development. The company believes this positions ZOA for a step change in growth.

LPL Onboards $165 Million GWC Financial Team

By Amit Chowdhry ● Nov 10, 2024

LPL Financial announced today that financial advisor Michael Bernier, CFP, AIF, has joined LPL’s employee advisor channel Linsco by LPL Financial to launch GWC Financial Advisors. And he reported serving approximately $165 million in advisory, brokerage and retirement plan assets and joins LPL from Canter Wealth. He will operate from the Linsco office in San Diego.

Bison Brings In $450 Million Advisor James McTiernan

By Amit Chowdhry ● Nov 10, 2024

Bison Senior Managing Director and Partner is continuing a streak by onboarding James McTiernan, formerly a Principal at BNY Mellon Wealth Management, where he spent over 25 years. And throughout his career, Jim has used his understanding of the needs of his clients, such as high-net-worth individuals, retirees, and small business owners, to implement client-specific strategies and successfully construct investment portfolios to meet their needs. Before he departed from BNY, he managed over $450 million (AUM).

Latham: Danielle Brown Named As Finance Partner In London

By Amit Chowdhry ● Nov 10, 2024

Latham & Watkins announced that Danielle Brown has joined the firm’s London office as a partner in the Banking Practice. And Brown advises leading financial institutions, private credit funds, and other capital providers on various complex domestic and cross-border transactions, with a particular focus on leveraged and acquisition financings.

White & Case: Sapna Palla Named As Partner In New York

By Amit Chowdhry ● Nov 10, 2024

Global law firm White & Case announced it has expanded its Intellectual Property Practice and Global Life Sciences and Healthcare Group by adding Sapna Palla as a partner in New York.

Evoke Advisors Buys Crescent Bay To Create Comprehensive RIA Family Office Firm

By Amit Chowdhry ● Nov 9, 2024

Evoke Advisors - a $25.3 billion registered investment advisory firm - announced the strategic acquisition of the business of Crescent Bay Advisors (CBA), a multi-family office. This acquisition will enhance Evoke's current service offerings and allow the firm to offer a full range of family office services to their clients, which include ultra-high net-worth families and individuals. This combined firm is headquartered in Los Angeles with additional office locations in Orange County, California, and West Palm Beach, Florida.

Katten: Maximilien Pucci-Sisti Maisonrouge Joins As Partner In Private Credit Practice

By Amit Chowdhry ● Nov 9, 2024

Katten announced that Maximilien Pucci-Sisti Maisonrouge joined its Private Credit practice as a partner in New York. In this role, he will apply his proven ability to navigate complex transactions, assisting the group's work with many of the most active investors in the market.

Ursa Space Systems: $10 Million Venture Loan Facility Closed With Horizon Technology

By Amit Chowdhry ● Nov 9, 2024

Horizon Technology Finance Corporation (an affiliate of Monroe Capital and a leading specialty finance company that offers capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries) announced it has provided a $10 million venture loan facility to Ursa Space Systems.

PuppyGraph: Query Engine Company Raises $5 Million (Seed)

By Amit Chowdhry ● Nov 9, 2024

Algorized: Advanced People-Sensing Platform Company Secures $4.3 Million (Seed)

By Amit Chowdhry ● Nov 9, 2024

Algorized, an AI-based platform pioneering advanced people-sensing and positioning software, announced it has raised $4.3 million in seed funding to drive innovation in people sensing and support safer and seamless human-machine interaction. This funding round was led by Amazon Industrial Innovation Fund, with participation from Acrobator Ventures, Berkeley SkyDeck Fund, CoreNest Capital, Shucker Ventures and other strategic investors.

UnifyApps: Unified Enterprise AI Agent Platform Raises $20 Million (Series A)

By Amit Chowdhry ● Nov 8, 2024

UnifyApps, a Unified Enterprise AI Agent platform, announced today the closing of a $20 million Series A funding round led by ICONIQ Growth. Existing investors, including Elevation Capital, participated in this latest round, which brings the company’s total funding to $31 million.

Accelerate Infrastructure Opportunities: $780 Million Raised To Accelerate Real Estate Investments

By Amit Chowdhry ● Nov 8, 2024

Accelerate Infrastructure Opportunities announced a $780 million capital raise comprised of a $630 million equity commitment from funds and co-investors managed by CBRE Investment Management (CBRE IM) and a $150 million inaugural asset-backed securitization.

GMI Cloud: AI-Based GPU Company Raises $82 Million (Series A)

By Amit Chowdhry ● Nov 8, 2024

GMI Cloud, a leading AI-native GPU cloud provider, announced that it has raised $15 million in equity funding and $67 in debt financing in a Series A round led by Headline Asia, bringing the company's total capital to over $93 million. The funding round includes strategic investments from Banpu Next, a leading smart energy solutions provider in the Asia-Pacific region, and Wistron (a global leading technology service provider).

Petfolk: Veterinary Care Company Raises $36 Million (Series C)

By Amit Chowdhry ● Nov 8, 2024

Petfolk, a leading provider of veterinary and urgent care through a network of connected care clinics, announced it has received a $36 million Series C investment led by Deerfield Management. And existing investors Movendo Capital, White Star Capital, Cutting Horse VC, Idea Farm Ventures, and Parkview International participated in the round.

Infinite Machine: Personal Electric Vehicle Company Raises $9.3 Million (Seed)

By Amit Chowdhry ● Nov 8, 2024

Infinite Machine, a New York-based company building the next generation of non-car vehicles, announced the closing of its seed funding round. The $9.3 million round was led by Andreessen Horowitz through its American Dynamism fund, with additional participation from Adjacent Capital, Necessary Ventures, Otherwise Fund, the founders of Reformation, Replit, and HuggingFace and Formula 1 World Champion Nico Rosberg (Founder of Rosberg Ventures). This funding will accelerate production and the market launch of Infinite Machine's debut product P1 — which is an electric scooter designed to be the ultimate vehicle for urban environments.

Vuori: Performance Lifestyle Brand Raises $825 Million At $5.5 Billion Valuation

By Amit Chowdhry ● Nov 8, 2024

Southern California-based performance lifestyle brand Vuori announced today an $825 million investment led by General Atlantic and Stripes, two leading global growth investors, along with a cohort of additional investors. The funding (structured as a secondary tender offer) raised the brand’s valuation to $5.5 billion and marks yet another significant moment in the private apparel company’s journey to becoming a category leader.

EpiBone: Regenerative Medicine Company Raises Funding

By Amit Chowdhry ● Nov 8, 2024

EpiBone - a leading regenerative medicine company focused on skeletal repair - announced the closing of a convertible note funding round led by Kendall Capital Partners, with participation from LifeSpan Vision Ventures, EMV Capital, and others. This funding will propel EpiBone's ongoing pipeline development, furthering its mission to revolutionize skeletal reconstruction on a global scale.