Archives

StepStone Group: Total Capital Reaches $913 Billion As Fee-Earning AUM Climbs 21%

By Amit Chowdhry ● Aug 7, 2026

StepStone Group’s private markets platform reached approximately $913 billion in total capital responsibility as of June 30, 2026, reflecting continued growth across assets under management, assets under advisement and its fee-generating capital base.

Arlo: Subscription Revenue Reaches 59.7% Of Sales As Paid Accounts Surge To 6.3 Million

By Amit Chowdhry ● Aug 7, 2026

Arlo Technologies’ subscription business continued to become a larger component of its overall financial model during the second quarter of 2026, with record subscriptions and services revenue reaching $93 million and representing 59.7% of total revenue.

Cytokinetics: MYQORZO Reaches 1,500 Patients As Global Expansion Accelerates

By Amit Chowdhry ● Aug 7, 2026

Cytokinetics reported continued commercial momentum for MYQORZO, with approximately 1,500 patients dispensed the cardiovascular medicine by the end of the second quarter as the company expanded the product into additional international markets.

Five9 Lands Approximately $100 Million Contract As Voice AI Agents Drive Contact Center Push

By Amit Chowdhry ● Aug 7, 2026

Five9 reported accelerating subscription growth and landed an approximately $100 million total contract value agreement with a new customer during the second quarter of 2026 as the cloud contact center company expands its AI product portfolio.

Corsair Targets $22 Billion Desktop AI PC Market As Stream Deck Marketplace Activity More Than Doubles

By Amit Chowdhry ● Aug 7, 2026

Corsair Gaming is expanding beyond its traditional gaming and creator hardware markets with an AI workstation initiative targeting what the company estimates to be an approximately $22 billion desktop AI PC opportunity.

Denali Therapeutics: Blood-Brain Barrier Platform Shows More Than 1,000x Greater Brain Exposure In Primates As AVLAYAH Launch Accelerates

By Amit Chowdhry ● Aug 7, 2026

Denali Therapeutics is advancing its TransportVehicle platform for delivering therapeutics across the blood-brain barrier as the company’s first commercial product, AVLAYAH, gains momentum and two TransportVehicle-enabled Alzheimer’s disease programs move through clinical development.

Rocket Companies: AI Voice Handles 1 Million Calls As Mortgage Servicing Portfolio Reaches $2 Trillion

By Amit Chowdhry ● Aug 7, 2026

Rocket Companies reported major gains from its AI-powered homeownership platform during the second quarter of 2026, with its AI Voice system handling more than 1 million inbound servicing calls within three months of launch as the company’s mortgage servicing portfolio reached $2 trillion in unpaid principal balance across 9.1 million loans.

CareTrust REIT Invests $291 Million In UK Care Homes And U.S. Senior Housing As 2026 Investments Reach $1.5 Billion

By Amit Chowdhry ● Aug 7, 2026

CareTrust REIT has completed two recent transactions totaling approximately $291 million, expanding its portfolio across the United States and United Kingdom. The investments include two senior housing communities in Utah and a 16-property care home portfolio across England and Scotland.

UOB: ASEAN Wealth Income Surges 30% As High-Net-Worth AUM Reaches S$204 Billion

By Amit Chowdhry ● Aug 7, 2026

UOB reported accelerating wealth management momentum across Southeast Asia during the first half of 2026, with wealth income across its ASEAN-4 markets increasing 30% year-over-year and high-net-worth assets under management reaching S$204 billion.

Wheaton Precious Metals Deploys $4.5 Billion Into New Streams As Antamina Silver Interest Doubles

By Amit Chowdhry ● Aug 7, 2026

Wheaton Precious Metals deployed $4.5 billion into mineral stream interests during the second quarter of 2026, including a $4.3 billion investment tied to Antamina, as the company reported record financial performance and expanded its exposure to future precious-metals production.

Barrick: Gold Production Beats Guidance As Free Cash Flow Surges 195% To $1.21 Billion

By Amit Chowdhry ● Aug 7, 2026

Barrick Mining Corporation reported stronger-than-planned gold production and sharply higher cash generation for the first quarter of 2026, with attributable free cash flow jumping 195% year-over-year to $1.21 billion.

OCBC: Wealth Management Income Reaches Record S$3.29 Billion And 41% Of Total Revenue

By Amit Chowdhry ● Aug 7, 2026

OCBC reported record earnings for the first half of 2026 as strong growth in wealth management, trading, fees and insurance more than offset pressure from lower interest rates. Group net profit increased 13% year-over-year to a record S$4.19 billion, while total income rose 11% to S$8 billion.

Runway Growth Capital Appoints Michael Rovner As Co-CEO And Co-CIO

By Amit Chowdhry ● Aug 7, 2026

Runway Growth Capital has appointed Michael Rovner as Co-Chief Executive Officer and Co-Chief Investment Officer, adding a veteran growth lending and private credit investor to its leadership team.

Paul Weiss Adds Life Sciences Transactions Partner Ian Edvalson In San Francisco

By Amit Chowdhry ● Aug 7, 2026

Paul, Weiss, Rifkind, Wharton & Garrison has added Ian Edvalson as a partner in its Corporate Department in San Francisco, strengthening the firm’s life sciences transactions and intellectual property capabilities. Edvalson focuses on transactions involving public and private biopharmaceutical, medical technology and other life sciences companies.

RBC Clearing & Custody Appoints Larry Agin As Business Development Manager

By Amit Chowdhry ● Aug 7, 2026

RBC Clearing & Custody has appointed Larry Agin as Business Development Manager as the company expands its business development organization supporting independent broker-dealers and registered investment advisors.

Allworth Financial Acquires $1.1 Billion Firm Sachetta And Arthur Stein Financial

By Amit Chowdhry ● Aug 7, 2026

Allworth Financial has acquired Sachetta, a Massachusetts-based wealth and tax advisory firm with approximately $1.1 billion in assets under management. And Allworth also announced the acquisition of Arthur Stein Financial, a Bethesda, Maryland-based registered investment advisor specializing in comprehensive financial planning for federal employees and retirees.

Meta Launches Muse Spark 1.2 And Muse Code Coding Agent With 1 Million-Token Context Window

By Amit Chowdhry ● Aug 7, 2026

Meta has released Muse Spark 1.2 and an early beta of Muse Code, its first purpose-built coding agent designed for long-running, multi-agent software development workflows.

Raymond James Onboards $1.1 Billion Team The Carlson Group

By Amit Chowdhry ● Aug 7, 2026

Raymond James has added a four-advisor team that previously managed approximately $1.1 billion in client assets at Baird. Financial advisors Kurt Carlson, Kenneth Breaden, Cassidy Carlson and Brian Koble have joined Raymond James & Associates, the company’s employee advisor channel. The group will operate as The Carlson Group of Raymond James in Cranberry Township, Pennsylvania.

Fiduciary Trust International Appoints Suhaib Bingaradi As Relationship Manager In New York

By Amit Chowdhry ● Aug 7, 2026

Fiduciary Trust International has appointed Suhaib Bingaradi as a Relationship Manager at its New York headquarters as the Franklin Templeton subsidiary continues expanding its presence in the region.

Kestra Appoints Kristan Garner As Head Of Client Service And John Milligan As Head Of Operations

By Amit Chowdhry ● Aug 7, 2026

Kestra Financial has appointed Kristan Garner as Head of Client Service and John Milligan as Head of Operations as the wealth management platform continues expanding its operational and client experience capabilities. The appointments support both Kestra Financial and its breakaway-advisor channel, Kestra Private Wealth Services. Garner will oversee advisor service, technology solutions and account services.

Greenstone Biosciences Receives NIH Grant To Develop Cardiac Fibrosis Treatments For Duchenne Muscular Dystrophy

By Amit Chowdhry ● Aug 7, 2026

Greenstone Biosciences has received a Catalyze R61 award from the National Heart, Lung, and Blood Institute to support the discovery of new drug candidates targeting myocardial fibrosis and dilated cardiomyopathy in Duchenne muscular dystrophy. The National Heart, Lung, and Blood Institute is part of the National Institutes of Health.

Prime Capital Financial Secures $600 Million Carlyle Investment At More Than $1.8 Billion Enterprise Value

By Amit Chowdhry ● Aug 7, 2026

Prime Capital Financial has entered a strategic partnership with Carlyle through an approximately $600 million hybrid capital solution that includes a minority ownership investment in the independent wealth management firm.

Yukon Partners Provides Mezzanine Financing For Second Nature Brands’ Acquisition Of Tillamook Country Smoker

By Amit Chowdhry ● Aug 6, 2026

Yukon Partners has made a mezzanine investment in CapVest-backed Second Nature Brands to support its acquisition of Tillamook Country Smoker. Financial terms of Yukon’s investment and the acquisition were not disclosed.

X-Caliber Rural Capital Provides $25 Million USDA Loan For Plantible Foods’ Texas Expansion

By Amit Chowdhry ● Aug 6, 2026

X-Caliber Rural Capital has closed a $25 million USDA OneRD Business & Industry Guaranteed Loan for Plantible Foods. The financing represents the maximum amount available through the program and will support the expansion of Plantible’s commercial production facility in Eldorado, Texas.

Eldridge Provides $278 Million Loan To Refinance Blackstone And Portman’s Ten Twenty Spring

By Amit Chowdhry ● Aug 6, 2026

Eldridge Capital Management has provided a $278 million loan to refinance Ten Twenty Spring, a Class A office building in Atlanta owned by Portman and funds affiliated with Blackstone Real Estate.

Lumilens Emerges From Stealth With Over $900 Million Raised At $5.51 Billion Valuation

By Amit Chowdhry ● Aug 6, 2026

Lumilens has emerged from stealth with more than $900 million in total funding as it develops optical connectivity systems for large-scale AI data centers. The company announced more than $700 million in new financing co-led by Atreides Management, Bain Capital Ventures, Meritech, Seligman Ventures and Spark Capital. The round values Lumilens at $5.51 billion.

Sequoia Financial Acquires All Star Financial With $796 Million In AUM And $566 Million In Retirement Assets

By Amit Chowdhry ● Aug 6, 2026

Sequoia Financial Group has acquired All Star Financial, an independent wealth management firm based in the Minneapolis-St. Paul area. All Star Financial had approximately $796 million in assets under management and an additional $566 million in retirement plan assets under advisement as of June 30, 2026. Financial terms were not disclosed.

Archives

StepStone Group: Total Capital Reaches $913 Billion As Fee-Earning AUM Climbs 21%

Arlo: Subscription Revenue Reaches 59.7% Of Sales As Paid Accounts Surge To 6.3 Million

Cytokinetics: MYQORZO Reaches 1,500 Patients As Global Expansion Accelerates

Five9 Lands Approximately $100 Million Contract As Voice AI Agents Drive Contact Center Push

Corsair Targets $22 Billion Desktop AI PC Market As Stream Deck Marketplace Activity More Than Doubles

Denali Therapeutics: Blood-Brain Barrier Platform Shows More Than 1,000x Greater Brain Exposure In Primates As AVLAYAH Launch Accelerates

Rocket Companies: AI Voice Handles 1 Million Calls As Mortgage Servicing Portfolio Reaches $2 Trillion

CareTrust REIT Invests $291 Million In UK Care Homes And U.S. Senior Housing As 2026 Investments Reach $1.5 Billion

UOB: ASEAN Wealth Income Surges 30% As High-Net-Worth AUM Reaches S$204 Billion

Wheaton Precious Metals Deploys $4.5 Billion Into New Streams As Antamina Silver Interest Doubles

Barrick: Gold Production Beats Guidance As Free Cash Flow Surges 195% To $1.21 Billion

OCBC: Wealth Management Income Reaches Record S$3.29 Billion And 41% Of Total Revenue

Runway Growth Capital Appoints Michael Rovner As Co-CEO And Co-CIO

Paul Weiss Adds Life Sciences Transactions Partner Ian Edvalson In San Francisco

RBC Clearing & Custody Appoints Larry Agin As Business Development Manager

Allworth Financial Acquires $1.1 Billion Firm Sachetta And Arthur Stein Financial

Meta Launches Muse Spark 1.2 And Muse Code Coding Agent With 1 Million-Token Context Window

Raymond James Onboards $1.1 Billion Team The Carlson Group

Fiduciary Trust International Appoints Suhaib Bingaradi As Relationship Manager In New York

Kestra Appoints Kristan Garner As Head Of Client Service And John Milligan As Head Of Operations

Greenstone Biosciences Receives NIH Grant To Develop Cardiac Fibrosis Treatments For Duchenne Muscular Dystrophy

Prime Capital Financial Secures $600 Million Carlyle Investment At More Than $1.8 Billion Enterprise Value

Yukon Partners Provides Mezzanine Financing For Second Nature Brands’ Acquisition Of Tillamook Country Smoker

X-Caliber Rural Capital Provides $25 Million USDA Loan For Plantible Foods’ Texas Expansion

Eldridge Provides $278 Million Loan To Refinance Blackstone And Portman’s Ten Twenty Spring

Lumilens Emerges From Stealth With Over $900 Million Raised At $5.51 Billion Valuation

Sequoia Financial Acquires All Star Financial With $796 Million In AUM And $566 Million In Retirement Assets

SambaNova Appoints Mohsen Moazami As Vice Chair Of Global Strategy And Partnerships

Talcott Financial And Goldman Sachs Launch West Grove Re With About $1 Billion In Capital

Gryphon Investors Raises More Than $770 Million For Gryphon VI Co-Investment Fund