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Crux Wealth Advisors announced their official launch as a hybrid Registered Investment Adviser and full-service wealth management firm. After two years of due diligence and preparation, this now fully autonomous firm launched with its first tranche of $1 billion in client assets under management (AUM) in a planned multi-phase transition strategy to minimize client and business disruption while also allowing for equally as efficient transitions in the coming months.

Borealis Biosciences, a next-generation RNA medicines company, has emerged from stealth with $150 million in combined Series A financing from founding investor Versant Ventures and Novartis, and committed strategic research collaboration funding from Novartis.

FireHydrant, a reliability platform across the entire incident response lifecycle, announced today that it has closed on a transaction to buy Blameless. This acquisition accelerates FireHydrant’s growth into the enterprise segment for incident management.

Equita Financial Network, a privately held entity that offers a proven business platform for women-led, independently owned, and operated fee-only financial planning firms, announced three new member firms have joined its signature platform, bringing the number of signature firms to ten. Mountain Wealth Planning, led by Amy Hamasaki, CFP; Equila Financial, led by Ann J. Shubert, CFP; and Your Story Financial, led by Shehara Wooten, CFP, have all been added to the Equita community in recent months.

Miami-based investment firm Tigertail Capital Partners (TCP) announced an official launch. TCP is focused on investing in founder-owned businesses across highly fragmented industries with limited tech-enablement to date. It is being led by Alex Gatof, Andrew Och, and Zach Katz, who collectively have 25+ years of experience in private and public market investing, as well as software and data engineering.

Human Longevity Inc. (HLI), a longevity-focused technology company, announced today the completion of an oversubscribed $39.8M Series B round led by TVM Capital Healthcare with participation from new and existing investors, including Panacea Venture and Emerging Technology Partners. This funding round will invest in HLI's artificial intelligence health risk and recommendation platform, new longevity-focused technologies and services, and new expansion sites globally.

Independent private markets asset manager HarbourVest Partners announced the final closing of its eleventh dedicated private equity secondaries fund, Dover Street XI. This fund was oversubscribed and closed at its hard cap of $15.1 billion, including the General Partner’s commitment. Plus, the firm held a final close for Secondary Overflow Fund V at $3.4 billion for secondary co-investment opportunities.

CruxOCM, a leader in co-pilot technology for control room operators, announced the closing of a $17 million Series A funding round. The funding round was led by M12 (Microsoft's Venture Fund), with participation from new investors, including ONEOK, Raven Indigenous Capital Partners and EIC Rose Rock Fund and with continued support from existing investors Angular Ventures, Bullpen Capital, Root Ventures, Industry Ventures, Cendana Capital, Pipeline Capital Partners, and Golden Ventures.

Consensus, an AI-based search engine for scientific research, announced that it raised $11.5 million in new Series A funding. This funding round was led by Union Square Ventures, whose previous Series A investments include Twitter, Coinbase, and MongoDB. USV is joined by other investors, including Nat Friedman and Daniel Gross, and previous Seed investors Draper Associates, Kevin Carter, Path Ventures, and Alumni Ventures.

Secure content communications leader Kiteworks announced a $456 million growth equity investment from Insight Partners and Sixth Street Growth. This funding (a partial liquidity event) will strengthen Kiteworks’ market position in secure data transfer and collaboration as the only security platform authorized by FedRAMP to provide unified support for file sharing, managed file transfer, and email data communications to meet a broad range of global compliance requirements.

Alaska Airlines announced an investment in JetZero, a company developing a new blended-wing body (BWB) aircraft that will provide up to 50% less fuel burn and lower emissions. This investment reflects Alaska's commitment to advancing new technology that will benefit the future of aviation, including those that enable the airlines' path to net zero carbon emissions. Alaska invested as part of JetZero's Series A last year and it is the first airline to do so.

GoldenTree Asset Management - a global asset management firm with about $55 billion in assets under management (AUM) - has announced the hiring of Avineet Punhani as Principal. And he will be based in the firm’s New York office and will report to Grady Frank, Partner and Head of Private Credit Origination.

Paul, Weiss, Rifkind, Wharton & Garrison announced that investment funds lawyer David Pritchett will join the firm as a partner in the Corporate Department within the Investment Funds Group, resident in London.

LPL Financial announced that the founders, financial advisors and staff with Harbor Lights Financial Group returned to LPL Financial’s broker-dealer, RIA and custodial platforms. They reported serving approximately $535 million in advisory, brokerage, and retirement plan assets and joined LPL from Wells Fargo FiNet.

Experimentation platform company Eppo announced that it has raised $28 million in a Series B investment round. The round was led by Innovation Endeavors, with Icon VC participating as a participating investor. It also received additional support from existing investors Menlo Ventures and Amplify Partners.

Alternative asset manager Abacus Life announced a definitive agreement to acquire FCF Advisors, a New York-based asset manager and index provider specializing in free cash flow-focused investment strategies. The acquisition of FCF - which has approximately $600 million in assets under management - is aligned with Abacus’ ongoing expansion of ABL Wealth and its suite of products.

Advanced engineering simulation BeyondMath announced it has secured $8.5 million in seed funding led by UP.Partners, with significant participation from Insight Partners and InMotion Ventures (the investment arm of JLR). This funding supports BeyondMath's goal to reshape engineering practices globally with its AI-driven multiphysics simulation platform, accelerating engineering iterations by a factor of 1,000 compared to current solutions.

Summit Trail Advisors, a leading boutique wealth management firm with $18 billion in assets under management, announced that Paul D. Hoskin, CFP, has joined the firm as Partner and Advisor in Newport Beach, California.

Global active asset manager Janus Henderson Group announced that it has entered into a definitive agreement to acquire a majority stake in Victory Park Capital Advisors (VPC), a global private credit manager with a nearly two-decade-long track record of providing customized private credit solutions to both established and emerging businesses. And VPC complements Janus Henderson’s securitized credit franchise and expertise in public asset-backed securitized markets and further expands the company’s capabilities into the private markets for its clients.

Create Health Ventures, a VC firm exclusively focused on early-stage digital health startups with founders from the healthcare industry, announced the closing of its first fund of $21 million and its goal of investing in innovations that improve access to care for everyone, enhance the patient experience and facilitate better patient health outcomes. And the firm invests in business-to-business (B2B) solutions that payers and pharmaceutical companies can utilize to meet business goals ranging from enhanced patient engagement and a more effective care journey to recruitment and retention in clinical trials as the need for participants accelerates. 

Journey Strategic Wealth, a national RIA for independent advisors, announced the addition of the MDL Wealth advisory team, including founder Michael LaBarbera, advisor Ted Albrecht, and service advisors Carol Liddy and Sheila Meneses, bringing Journey's total AUM to $3.7 billion.

Summit Financial, ​​a leading architect of advisor success and client satisfaction for over four decades - in collaboration with Merchant Investment Management - announced that it has acquired an equity stake in the wealth management arm of Meeder Investment Management. 

Q5 Wealth Management, a financial advisory team managing $1.5 billion in client assets in Beaumont and Houston, Texas, recently joined the independent channel of Ameriprise Financial from UBS Financial Services. And financial advisors Omar Bitar, Jeremy Saba, Mike Persia, Ed Persia, and Brad Klein conducted an extensive search for a new broker-dealer and chose Ameriprise for the firm’s robust resources to elevate their high-net-worth clients’ experience and significantly scale their practice. These advisors were specifically energized by Ameriprise’s innovative and fully integrated digital capabilities that will consistently make it more efficient in exceeding clients’ expectations.

Raymond James announced a couple of major hires. This includes a $290 million advisor team and a $150 million financial advisor.

LPL Financial announced that financial advisor Alberto Francis has joined LPL Financial’s high-net-worth-focused employee affiliation model, LPL Private Wealth Management, to launch Rockview Private Wealth. And he reported having served approximately $725 million in advisory, brokerage and retirement plan assets and joins LPL from Bank of America Private Bank.

Enterprise Products Partners and Piñon Midstream (a portfolio company of Black Bay Energy Capital) announced today that Enterprise’s affiliate has entered into a definitive agreement to acquire Piñon Midstream in a debt-free transaction for $950 million in cash consideration. Piñon Midstream offers natural gas gathering and treating services in the core of the prolific eastern flank of the Delaware Basin in New Mexico and Texas. 

Efficient Capital Labs (ECL), a leading revenue-based financing provider that provides non-dilutive capital to B2B SaaS companies operating in the South Asia-U.S. corridor, announced an $11 million Series A fundraising co-led by QED Investors and 645 Ventures. This funding round included participation from existing investors Riverside and Generalist, as well as new investors FJ Labs and Eudemian Ventures.

Commonwealth Financial Network, a national firm dedicated to providing financial advisors with holistic, integrated business solutions, announced that Krueger Financial Services of Tempe, Arizona, has joined its network of independent financial advisors. Formerly affiliated with Osaic, the team reported serving over $630 million in client assets. The advisors include Kim Krueger, CFP, Eric Krueger, CFP, and Tim Hill, CFP, on the staff of nine.

Admiral, a Visitor Relationship Management (VRM) company, announced the closing of $19 million in growth equity and debt funding, led by Harbert Growth Partners, the growth equity team of Harbert Management Corporation (HMC), joined by Bridge Bank and others. This latest funding round, combined with previous equity and debt, brings Admiral's total capital raised to $28 million, with Admiral funding partners including Birchmere Ventures, Gulfshore Capital, Florida Opportunity Fund, and media publisher Capitol Broadcasting. 

XII Medical, a clinical-stage medical technology company developing innovative therapies for obstructive sleep apnea, announced the closing of a $45 million Series B equity financing. This financing was led by Omega Funds and joined by new investor Intuitive Ventures. Existing investors also joined, including founding investor Cleveland Clinic, Ajax Health, Longview Ventures (an affiliate of Broadview Ventures), Aperture Venture Partners, JobsOhio Growth Capital Fund, and an undisclosed strategic investor. The funds will be utilized to further product and clinical development. XII Medical developed a patient-centric neuromodulation therapy designed to enhance the quality of life for the millions of people suffering from obstructive sleep apnea.