Archives

Thiozen: MIT Clean Hydrogen Spinout Raises $3.2 Million

By Amit Chowdhry ● Jul 3, 2024

Thiozen, the first company to produce clean hydrogen from "sour gas" waste streams, announced it has received $3.2 million in funding for a clean hydrogen project in Alberta, Canada. Administered by Emissions Reduction Alberta (ERA) and Alberta Innovates, this funding is part of a $57 million commitment by the Government of Alberta to support 28 projects that advance the hydrogen economy, reduce emissions, and create jobs in Alberta.

The Westly Group Raises Oversubscribed $100 Million Seed Fund

By Amit Chowdhry ● Jul 3, 2024

The Westly Group announced it successfully raised an oversubscribed $100 million seed fund to invest in entrepreneurs transforming the energy, mobility, building, and industrial sectors that make up more than 50% of the world’s GDP.

Astorg: Pan-European Private Equity Firm Brings In Two Senior Hires

By Amit Chowdhry ● Jul 3, 2024

Astorg, a leading pan-European private equity firm, continues strengthening its investment team with two senior hires: Chris Benson will join the firm in early July as a Partner for the Mid-Cap Fund, leading the Business Services sector across Europe and responsible for coverage in the UK, and Daniel Pang will join the Healthcare team as a Managing Director for the Flagship Fund.

Akin: Capital Markets Partner Bryan Flannery Joins Houston Office

By Amit Chowdhry ● Jul 3, 2024

Akin has announced that capital markets partner Bryan Flannery has joined the firm’s Houston office. And he joined the firm from Kirkland & Ellis, where he was a partner.

Ameriprise Brings In $100+ Million Financial Advisor Team

By Amit Chowdhry ● Jul 3, 2024

Financial advisor Michael Cruz has recently joined the branch channel of Ameriprise Financial from Wells Fargo Clearing Services with $100 million in assets in Temecula, California.

Hamilton Lane: Secondary Fund VI Closed At $5.6 Billion In Commitments

By Amit Chowdhry ● Jul 3, 2024

Leading private markets investment management firm Hamilton Lane announced the final closing of Hamilton Lane Secondary Fund VI with $5.6 billion in commitments, marking the largest fundraiser in the firm's history.

Stifel: Jeff Markham Named As Managing Director

By Amit Chowdhry ● Jul 3, 2024

Stifel Financial announced that veteran wealth management executive Jeff Markham has joined the firm’s Stifel, Nicolaus & Company broker-dealer subsidiary as Managing Director.

EpilepsyGTx: $10 Million Raised To Develop Therapies For Treating Focal Refractory Epilepsy

By Amit Chowdhry ● Jul 2, 2024

EpilepsyGTx, a biotechnology company focused on the research and development of gene therapies to treat focal refractory epilepsy, announced it has raised $10 million in seed funding. The funding was led by the UCL Technology Fund, with participation from Health Technology Holding.

Raymond James Absorbs $250 Million Central Florida-Based Veteran Advisor Team

By Amit Chowdhry ● Jul 2, 2024

Raymond James announced it welcomed financial advisor Anthony Losh, CFP, CRPCTM, CRPSTM, to the firm's employee advisor channel Raymond James & Associates (RJA) in Stuart, Florida. This was revealed by Tom Walrond, Eastern division director for RJA.

LPL Brings In $160 Million Virginia-Based Advisory Team

By Amit Chowdhry ● Jul 2, 2024

LPL Financial announced that financial advisor W. Scott Hengerer, CMFC, CRPC, has joined LPL Financial’s broker-dealer, RIA and custodial platforms to launch a new independent practice called James River Private Wealth. And he reported serving approximately $160 million in advisory, brokerage and retirement plan assets and joins LPL from Ameriprise.

NXT Capital: Strategic Partnership With Cresset Partners

By Amit Chowdhry ● Jul 2, 2024

NXT Capital, a subsidiary of ORIX USA, announced it has entered into a strategic investment partnership with Cresset Partners. Cresset is the private investment arm of Cresset Capital, a $50 billion wealth management and multi-family office platform. The bespoke program provides individuals and family offices on Cresset’s platform with access to direct private lower middle market investment opportunities.

TMRW Sports Raises Series A Funding At $500 Million Valuation

By Amit Chowdhry ● Jul 2, 2024

TMRW Sports, a company focused on building progressive approaches in sports, media, and entertainment, announced the closing of its Series A investment round. The funding round was co-led by Dynasty Equity, which recently closed a strategic minority investment in Liverpool FC, and Connect Ventures - which co-led the initial fundraising round for TMRW Sports and included participation from other leading institutional investors, sports team owners, business leaders, etc. TMRW Sports was founded by Tiger Woods, Rory McIlroy, and Mike McCarley.

AssetMark Buying $12 Billion In Assets From Morningstar Wealth

By Amit Chowdhry ● Jul 2, 2024

Wealth management platform AssetMark (a wholly owned subsidiary of AssetMark Financial Holdings and a Registered Investment Adviser) announced a strategic alliance with Morningstar Wealth (a division of independent investing insights firm Morningstar).

Baldwin Brothers Buys Assets Of KLR Investment Advisors

By Amit Chowdhry ● Jul 2, 2024

Baldwin Brothers, a fifty-year legacy wealth and investment management firm based in southeastern Massachusetts with just under $2.3 billion of assets under management, announced the acquisition of the assets of KLR Investment Advisors, an elite wealth management firm based out of Providence, Rhode Island.

IGM Technology: Strategic Growth Investment Raised From Lead Edge Capital

By Amit Chowdhry ● Jul 2, 2024

IGM Technology, a provider of financial software to state and local governments, announced a strategic growth investment from Lead Edge Capital. IGM has experienced significant revenue growth since the adoption of its leading disclosure management, budgeting, and reporting software solutions.