Archives

Kingswood U.S. Onboards $1 Billion Advisory Firm Eudaimonia And 17 Advisors

By Amit Chowdhry ● Sep 29, 2024

Kingswood U.S., part of a network of independent wealth management firms that oversees more than $15 billion in client assets globally, announced the acquisition of Nashville, Tennessee-based Eudaimonia Partners and Eudaimonia Advisors. It also entered a strategic alliance with Eudaimonia Asset Management, a turnkey asset management-based RIA. The three RIAs under the Eudaimonia Group collectively represent more than $1 billion in total client assets.

HarbourVest Partners Names TJ Halbertsma As Managing Director

By Amit Chowdhry ● Sep 29, 2024

Global private markets investment specialist HarbourVest Partners announced the appointment of Tjalling (TJ) Halbertsma as managing director and Head of EMEA Investor Relations.

C2N Raising Up To $7.025 Million From The ADDF Diagnostics Accelerator

By Amit Chowdhry ● Sep 29, 2024

C2N Diagnostics, an international leader with its Precivity blood tests to help diagnose Alzheimer’s disease, aims to create a fully automated, standardized, high-resolution liquid chromatography-mass spectrometry (LC-MS) platform to enable the local deployment of the precise innovation at the core of its clinical and research biomarkers in clinical labs around the world. C2N has received an investment of up to $7.025 million from the Alzheimer’s Drug Discovery Foundation’s (ADDF) Diagnostics Accelerator initiative - which is focused on efforts to develop biomarkers and novel diagnostic technologies that aid in the early detection and diagnosis of Alzheimer’s and clinical trial design.

Heritage Holding: Inaugural Fund Closed With $220 Million In Committed Capital

By Amit Chowdhry ● Sep 29, 2024

Heritage Holding—a Boston-based private equity firm focused on advancing its successful record of partnering with small business owners and founders—announced the successful closing of its first institutionally backed Fund I, which had a total committed capital of $220 million. The funding was completed in four months and was oversubscribed with commitments from leading institutional investors, high-net-worth individuals, and existing investors.

Pictet: Over $200 Million Raised For Thematic Private Equity Technology Fund II

By Amit Chowdhry ● Sep 29, 2024

Pictet Alternative Advisors (PAA) announced the final closing of the second vintage of its technology-focused thematic private equity fund at over $200 million.

BlackRock And Santander: Partnership Expanded For Private Asset Financing

By Amit Chowdhry ● Sep 29, 2024

BlackRock and Santander announced the signing of a memorandum of understanding (MoU) under which BlackRock's funds and accounts will invest up to $1 billion per year in select project finance, energy finance, and infrastructure debt investment opportunities with Santander through structured transaction formats.

Carson Wealth Expands Presence In Montana Through Partnership With True North Financial

By Amit Chowdhry ● Sep 29, 2024

Carson Wealth has announced the expansion of its Montana presence through a strategic partnership with Billings-based True North Financial (now known as Carson Wealth | True North Financial). This collaboration establishes Carson's second Billings location. This six-person team, led by managing partner and wealth advisor Ty Vogele, and wealth advisors David Guenthner, CEPA and Ryan Wittman, AIF, manages $400+ million in assets.

Gries Financial Partners Names Carina Diamond As Chief Growth Officer

By Amit Chowdhry ● Sep 29, 2024

Gries Financial Partners, a registered investment advisor (RIA) with about $1.7 billion in assets under management (AUM) and advisement (AUA) specializing in delivering differentiated, customized wealth management solutions for high-net-worth individuals and institutional investors, announced it hired Carina Diamond as Chief Growth Officer.

Citi And Apollo Form $25 Billion Private Credit / Direct Lending Program

By Amit Chowdhry ● Sep 29, 2024

Citigroup and Apollo announced that they have entered into an exclusive agreement to form a landmark $25 billion private credit / direct lending program initially in North America, with the potential to expand to additional geographies. This program will include participation from Mubadala Investment Company, Apollo’s strategic partner, and Apollo’s subsidiary, Athene, who will have the opportunity to join commitments appropriate for their respective mandates.

Investcorp Buys UK-Based Stowe Family Law

By Amit Chowdhry ● Sep 29, 2024

Leading global alternative investment firm Investcorp announced its acquisition of Stowe Family Law, which is the largest specialist family law firm in the United Kingdom, from investment firm Livingbridge. The terms of the transaction were not disclosed.

ATIS Raises Growth Investment From Thompson Street Capital

By Amit Chowdhry ● Sep 29, 2024

Thompson Street Capital Partners (TSCP), a leading private equity firm based in St. Louis, announced a growth investment in ATIS, a premier provider of elevator and escalator safety inspections, consulting, and managed services. The terms of the deal were not disclosed.

CenterSquare Names Robert Glenn III As Managing Director Of Capital Markets

By Amit Chowdhry ● Sep 29, 2024

Leading global real assets manager CenterSquare Investment Management announced hiring Robert (BJ) Glenn III as a Managing Director in the firm’s Capital Markets group. Within this role, BJ will lead business development and fundraising efforts for CenterSquare’s public and private real estate investment strategies across the Southeastern United States and other global regions. BJ brings significant industry connections and meaningful real-asset product experience.

Masdar To Buy Saeta From Brookfield For $1.4 Billion

By Amit Chowdhry ● Sep 29, 2024

Abu Dhabi Future Energy Company PJSC - Masdar announced the proposed acquisition of Saeta Yield from Brookfield Renewable for an implied enterprise value of c. US$1.4 billion (€1.2 billion). The closing of the deal is subject to customary approvals and is expected to happen around the end of this year.

NewEdge Advisors Onboards $318 Million BFS Advisory Group

By Amit Chowdhry ● Sep 29, 2024

NewEdge Advisors - a leading New Orleans-based RIA supporting independent financial advisors nationwide - announced that Dallas-based BFS Advisory Group joined the firm from Osaic, where the team was overseeing approximately $318 million in client assets.

Miura Partners: Over €800 Million Closed For Fourth Flagship Fund

By Amit Chowdhry ● Sep 29, 2024

Miura Partners announced it closed over €800 million in 2024 across fourth flagship fund, debut impact fund and healthcare continuation fund. And Miura Fund IV closes at its hard cap of €475 million. Plus, a further €135 million have been raised for Miura Impact Fund, the firm’s first vehicle fully dedicated to Impact, and €200 million for Dent&Co, the continuation fund in the dental healthcare space.

KKR: Ascendant Fund Closed At $4.6 Billion

By Amit Chowdhry ● Sep 29, 2024

Leading global investment firm KKR announced the final closing of KKR Ascendant Fund SCSP, a $4.6 billion fund dedicated to investing in middle market businesses in North America. Launched in 2022 (as part of KKR’s Americas Private Equity platform), Ascendant is the first KKR vehicle solely focused on opportunities in the middle market.

Salesforce To Buy Data Management Provider Zoomin

By Amit Chowdhry ● Sep 29, 2024

Salesforce announced it has signed a definitive agreement to acquire Zoomin, a leading data management provider for unstructured data. And Salesforce Data Cloud, with Zoomin’s capabilities, will accelerate the unlocking of unstructured data for powering AI agents, making them more personalized and context-aware in every customer interaction.

HP Advances Workforce Experience Platform With Vyopta Acquisition

By Amit Chowdhry ● Sep 29, 2024

HP announced it acquired Vyopta, an Austin-based provider of collaboration management solutions. Vyopta offers analytics and monitoring for large and unified communications and collaboration (UC) networks. It brings extensive expertise and infrastructure to turbocharge the development of HP’s Workforce Experience Platform and provide customers with more insights and capabilities.

Homrich Berg: Minority Investment From TPG Growth

By Amit Chowdhry ● Sep 29, 2024

Homrich Berg (HB) announced a new chapter in its 35-year history, with a strategic minority investment from TPG Growth, the middle market and growth equity platform of TPG - which is a leading global alternative asset management firm. The terms of the deal were undisclosed.

L Catterton Buying Majority Stake In [solidcore]

By Amit Chowdhry ● Sep 29, 2024

Consumer-focused investment firm L Catterton has signed a definitive agreement to acquire a majority stake in [solidcore] from VMG Partners, Kohlberg & Company, and Peterson Partners. And [solidcore] is a national network of fitness studios providing targeted strength training on custom-built reformers. This investment solidifies [solidcore] as the nation’s authority in its category and will continue to position the business for growth in the future.

Apogee To Buy UW Interco For $240 Million

By Amit Chowdhry ● Sep 29, 2024

Apogee Enterprises announced that it has entered into a definitive agreement to acquire UW Interco from Heartwood Partners for $240 million in cash, subject to customary closing conditions. The deal is expected to close during the company’s fiscal 2025 third quarter.

VALD: Growth Equity Investment Raised From FTV Capital

By Amit Chowdhry ● Sep 29, 2024

VALD - a global health technology company and the system of choice for musculoskeletal (MSK) health professionals - announced a significant growth equity investment from FTV Capital, a sector-focused growth equity firm. This investment will enable VALD to grow its global team into new markets, launch new product offerings and capabilities, and continue to utilize AI to create unique applications for the company’s industry-leading, proprietary dataset of tens of millions of MSK health records.

TRG Merges Capabilities With Inversion6

By Amit Chowdhry ● Sep 29, 2024

TRG, a privately owned global managed services provider, announced that it has merged capabilities with its TruWest Holdings sister company, Inversion6, and added cybersecurity to its comprehensive endpoint management capabilities list.

Blue Wolf Capital Partners Creates New CDMO Platform

By Amit Chowdhry ● Sep 29, 2024

Blue Wolf Capital Partners, a middle market private equity firm specializing in the industrial and healthcare sectors, announced it has finalized the acquisition of seven European pharmaceutical manufacturing facilities from Recipharm, a leading contract development and manufacturing organization (CDMO).

Apollo’s ATLAS SP And BNP Paribas Reveal $5 Billion Collaboration

By Amit Chowdhry ● Sep 28, 2024

Apollo, ATLAS SP Partners (the warehouse finance and securitized products business, which is majority-owned by Apollo funds), and BNP Paribas (the European Union’s leading global bank) announced a strategic financing and capital markets collaboration.

Brookfield: $2.4 Billion For Catalytic Transition Fund Raised

By Amit Chowdhry ● Sep 28, 2024

Brookfield Asset Management announced an initial closing of $2.4 billion for the Catalytic Transition Fund, marking a significant milestone towards raising to $5 billion for deployment towards clean energy and transition assets in emerging markets.

Monolith Materials: Funding Raised From Investor Consortium

By Amit Chowdhry ● Sep 28, 2024

Monolith Materials, a leader in clean hydrogen and carbon black, announced a closed funding round from existing investors, including Azimuth V Energy Evolution Fund and Azimuth Capital Management's Development Company Platform, Cornell Capital, Decarbonization Partners, TPG Rise Climate, and Warburg Pincus.

Franklin BSP Realty Trust: $1.024 Billion CRE CLO Closed

By Amit Chowdhry ● Sep 28, 2024

Franklin BSP Realty Trust announced the closing of BSPRT 2024-FL11 (FL11), a $1.024 billion managed Commercial Real Estate Collateralized Loan Obligation. FL11 has a 36-month reinvestment period and includes a $100 million all-multifamily 180-day ramp-up acquisition period.

Professional Services Firm TRC Buys Garanzuay Consulting

By Amit Chowdhry ● Sep 28, 2024

TRC Companies, a global professional services firm providing integrated strategy, consulting, engineering and applied technologies in support of the energy transition, announced it has acquired Garanzuay Consulting, an advisory and implementation consulting firm with a focus on the systems and service providers used by transmission system operators, utilities, energy market operators and their participants.

Visa To Buy AI-Based Payments Protection Company Featurespace

By Amit Chowdhry ● Sep 28, 2024

Visa announced it signed a definitive agreement to acquire Featurespace, a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payment fraud and financial crime risks. The acquisition of Featurespace will complement and strengthen Visa’s portfolio of fraud detection and risk-scoring solutions, which are used by clients around the world to grow and protect their businesses.