Archives

Battery Ventures Strategically Invests In Safety Systems Company AdaCore

By Amit Chowdhry ● Mar 31, 2024

Battery Ventures announced a significant investment in AdaCore, a leader in providing software development tools for safety and security-critical systems. This strategic deal will accelerate AdaCore's expansion and position the company as a go-to source for software development tooling.

Solace Capital Partners Invests In Siprocal

By Amit Chowdhry ● Mar 31, 2024

Solace Capital Partners, a leading private equity firm focused on providing creative capital solutions for middle-market companies, announced an investment in Siprocal.

Hildred Capital: Multi-Asset Continuation Fund Closed With Commitments Of Over $750 Million

By Amit Chowdhry ● Mar 30, 2024

Hildred Capital - a healthcare-focused private equity firm that partners with middle-market companies - announced the closing of a multi-asset continuation fund led by Lexington Partners and a leading group of limited partners. Lexington is one of the world’s largest managers of secondary private equity and co-investment funds.

Overplay: User-Generated Games Platform Raises Funding From Mark Cuban

By Amit Chowdhry ● Mar 30, 2024

Wealth Enhancement Brings In $226 Million Piermont Wealth Management Team

By Amit Chowdhry ● Mar 30, 2024

Wealth Enhancement Group, a national independent wealth management firm with over $79 billion in client assets, announced the acquisition of Piermont Wealth Management, an independent RIA based in Boca Raton, Florida and Melville, New York. This team manages over $226 million in client assets and is led by the firm's Chief Executive Officer, Philip J. Capell.

WM Partners Reveals Investment Team Promotions

By Amit Chowdhry ● Mar 30, 2024

WM Partners, LP, a diverse-owned private equity firm certified by the National Association of Investment Companies, is focused on investing in lower-middle-market companies and driving value creation in the health and wellness sector. Today, it announced the promotions of several members of its investment team: Eli Minski to Principal, Jonathan Tarich to Senior Vice President, and Leon Lacs to Senior Associate.

Child Care Platform Company Wonderschool Buying EarlyDay

By Amit Chowdhry ● Mar 30, 2024

Child care platform companyWonderschool announced the acquisition of EarlyDay, a VC-backed early childhood career marketplace, to help early educators address the staffing challenges and reduce administrative burnout in child care.

Zafran: Risk And Mitigation Leader Raises Over $30 Million

By Amit Chowdhry ● Mar 29, 2024

Risk and mitigation leader company Zafran announced that it raised over $30 million in funding. Sequoia Capital and Cyberstarts led the funding, with Cerca Partners and Penny Jar participating.

Carlyle: Lindsay LoBue Named As Chief Operating Officer

By Amit Chowdhry ● Mar 29, 2024

Carlyle announced that Lindsay LoBue will become Carlyle’s Chief Operating Officer, effective July 1, 2024. And as COO, LoBue will oversee the firm's operational strategy, ensuring the highest level of efficiency and effectiveness across the business and prioritizing strategic growth and client service. Chris Finn, Carlyle’s current Chief Operating Officer, will stay in his role through June 30, 2024, and become a Senior Advisor to the firm.

Lightshift Energy: Utility-Scale Energy Storage Development Company Raises $100 Million

By Amit Chowdhry ● Mar 29, 2024

Lightshift Energy (formerly Delorean Power) announced a $100 million capital infusion from Greenbacker Capital Management.

Skyflow: Data And AI Privacy Company Secures $30 Million

By Amit Chowdhry ● Mar 29, 2024

Data privacy vault company Skyflow announced it has raised $30 million to extend its Series B funding. Khosla Ventures led the round, joined by prior investors Mouro Capital, Foundation Capital, and Canvas Ventures. This funding round follows revenue growth of more than 210% and quick adoption in the emerging market of sensitive data protection for large language models (LLMs).

Pelago: Substance Use Virtual Clinic Company Raises $58 Million

By Amit Chowdhry ● Mar 29, 2024

Pelago - a leading digital clinic partner to U.S. businesses and health plans for substance use management - announced $58 million in new funding on the strength of customer growth and validated ROI. This funding round brought the company’s total to $151 million.

Blueground: $45 Million Raised To Expand Flexible Rental Platform

By Amit Chowdhry ● Mar 29, 2024

Blueground - the largest global operator of furnished and flexible rentals for 30+ day stays - announced that it has secured $45 million in Series D funding. This funding round includes investments from new investor Susquehanna Private Equity Investments, LLLP (Susquehanna), and other notable investors, including WestCap. Blueground also raised a debt facility from Barclays with participation from Morgan Stanley, Deutsche Bank, and HSBC, which replaced its prior facilities with Silicon Valley Bank (SVB).

Oka: Carbon Insurance Company Secures $10 Million

By Amit Chowdhry ● Mar 29, 2024

Carbon Insurance Company Oka announced it has closed a $10 million funding round, which sets the foundation for the next growth phase. The company’s lead investors included Aquiline Capital Partners LP, firstminute capital, and Overview Capital. This round of funding also included the support of multiple angel investors with a vested interest in climate technology and carbon-market innovation.

Capital Bancorp Buying Integrated Financial In $66 Million Deal

By Amit Chowdhry ● Mar 29, 2024

Capital Bancorp and Integrated Financial Holdings announced that they have entered into a merger agreement under which Capital Bancorp will acquire Integrated Financial in a cash and stock transaction valued at $66 million, exclusive of the value of a dividend to be received by Integrated Financial shareholders at or immediately before closing.

UBS Wealth Management Forms $1.3 Billion Hartford-Based Stone Harbor Group

By Amit Chowdhry ● Mar 29, 2024

UBS Wealth Management USA announced the formation of Stone Harbor Group, a new team of Financial Advisors in its Hartford, Connecticut office. The nine-person team includes Financial Advisors Richard Cyphers, Gerald Dubey, Douglas Domian, Scott Mintz, David Sacharko, and Sean Siana, and Client Service Associates Aranzazu Suarez, Jake Heyde, and Christian Foxen.

Avantax Brings In $250 Million Texas-Based Financial Advisor Team

By Amit Chowdhry ● Mar 29, 2024

Avantax—a leader in tax-focused financial planning and wealth management—announced it has welcomed Heidi and Nicholas Irwin. The married advisors transferred to Avantax after many years of affiliation with Edward Jones, where the couple reported having managed over $250 million in total client assets as of March 20, 2024. The couple is joining current Avantax affiliate Alliance Wealth Strategies LLC.

Abrigo Buying Investment Accounting And Management Solutions Company TPG Software

By Amit Chowdhry ● Mar 29, 2024

Abrigo (a leading provider of compliance, credit risk, and lending solutions for financial institutions) announced it has acquired TPG Software, an industry leader in investment accounting and management solutions. This acquisition marks the latest in a series of strategic investments by Abrigo to help financial institutions streamline risk and accounting management processes while ensuring internal and regulatory compliance.

Rexford Industrial Buying Blackstone Industrial Assets In Combined $1 Billion Investment

By Amit Chowdhry ● Mar 29, 2024

Rexford Industrial Realty - a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, and Blackstone, announced Rexford Industrial acquired approximately 3 million square feet of industrial properties under separate transactions with Blackstone Real Estate, including the Blackstone Property Partners strategy and Blackstone Real Estate Partners and Blackstone Real Estate Income Trust, for an aggregate purchase price of $1 billion.

Benjamin Capital Partners: Cash-Rewards Platform Company Raises $5.5 Million

By Amit Chowdhry ● Mar 29, 2024

Benjamin Capital Partners announced the closing of a $5.5 million seed round from Play Ventures and F4 Fund. Other prominent investors in the round include Anton Gauffin, an inventor, investor, and serial entrepreneur; payment veteran Shane Happach; and Reworks founder Ilkka Teppo.

Pemberton Asset Management: Final Closing Of Strategic Credit Fund III Completed, Reaching Total Of €4.9 Billion

By Amit Chowdhry ● Mar 29, 2024

Leading private credit manager Pemberton Asset Management announced the final closing of its Strategic Credit Fund III, one of Europe’s largest opportunistic direct lending funds, at €2.3 billion. This brings the total assets under management (AUM) across the strategy's three vintages to €4.9 billion.

Emerald Bay Risk Solutions: Strategic Investment Raised From Bain Capital Insurance

By Amit Chowdhry ● Mar 29, 2024

Collaborative underwriting carrier Emerald Bay Risk Solutions announced this week that it has launched with a significant strategic investment from Bain Capital Insurance. And Emerald Bay is a program specialist that seeks to align interests across the whole risk value chain through integrated solutions and disciplined underwriting enhanced by a proprietary data-driven technology platform.

Manifest Technologies: Precision Neuroscience And Computational Neuroimaging Company Launches

By Amit Chowdhry ● Mar 29, 2024

Manifest Technologies, a developer of an AI-powered computational neuroimaging platform for CNS disease, unveiled the company after completing the initial funding and partnership with a top-five global pharmaceutical company. Supported by over $50 million of NIH-funded research at Yale, the scientific founders pioneered the NAIO technology, utilizing computational neuroscience and AI for enabling a true precision medicine approach to mental illness and neurodegenerative diseases like Alzheimer’s and Parkinson’s.

Ocorian Names Frank Hattann As Chief Commercial Officer

By Amit Chowdhry ● Mar 29, 2024

Ocorian, a specialist global provider of fund administration, capital markets, corporate, and fiduciary services, announced it has appointed Frank Hattann as Chief Commercial Officer. The company is expanding and looking to unlock new value for its clients.

Kestra Brings In $600 Million Borger Financial Services Team

By Amit Chowdhry ● Mar 29, 2024

Kestra Financial - an Austin, Texas-based industry-leading wealth management platform - announced the addition of Borger Financial Services (BFS) to its community of advisors. BFS’s financial professionals bring over $600 million in client assets under management to the platform.

Percheron Capital: Fund II Closed At $1.55 Billion Hard Cap

By Amit Chowdhry ● Mar 29, 2024

UBS Selling $8 Billion Of Credit Suite Assets To Apollo

By Amit Chowdhry ● Mar 29, 2024

UBS and Apollo announced that they have entered into an agreement under which ATLAS SP has concluded its Transition Services Agreement with UBS, and UBS will close out its Investment Management Agreement with Atlas. As part of this deal, Apollo will purchase $8 billion of senior secured financing facilities from UBS.

Enhance Health: Helping Hundreds Of Thousands Of Americans Find Health Insurance Coverage Every Year

By Amit Chowdhry ● Mar 29, 2024

Cloverleaf: Automated Coaching Technology Company Raises $7.3 Million

By Amit Chowdhry ● Mar 29, 2024

Cloverleaf, a leading automated coaching technology designed to bring out the best in workers and teams, has secured a $7.3 million Series A extension funding round. Advantage Capital led the round, including Conductive Ventures, Origin Ventures, ScOp Venture Capital, JobsOhio, Cintrifuse Capital, and 1809 Capital.

HerdDogg: Livestock Management Company Raises Funding In Round Led By Serra And Wonder Fund North Dakota

By Amit Chowdhry ● Mar 29, 2024

HerdDogg, a leader in data-driven livestock management, announced the closing of its Series A-4 Preferred Equity financing. This significant investment will accelerate commercialization and fuel innovative hardware and data solutions for the beef and dairy industries.