Archives

Ritholtz Wealth Management Pushes For Expansion With New Manhattan Beach Office

By Amit Chowdhry ● Apr 26, 2024

Ritholtz Wealth Management (RWM), a national RIA overseeing over $4 billion in assets for high-net-worth clients and institutions, announced opening a new office in the Manhattan Beach neighborhood of Los Angeles, California. Building on the recent opening of the firm’s Charlotte, North Carolina office, this expansion highlights the appeal of RWM’s sophisticated yet straightforward approach to financial planning and asset management.

LPL Brings In $800+ Million Heritage Private Wealth Team

By Amit Chowdhry ● Apr 26, 2024

LPL Financial announced that financial advisor Clayton Ortloff has launched a new independent practice called Heritage Private Wealth through affiliation with LPL Financial’s supported independence model LPL Strategic Wealth Services. And he reported having served about $800 million in advisory, brokerage and retirement plan assets and joins LPL from Merrill Lynch.

LiveMode: Strategic Minority Investment Raised From General Atlantic And XP

By Amit Chowdhry ● Apr 26, 2024

Prophet Security: $11 Million Closed To Transform Security Operations

By Amit Chowdhry ● Apr 26, 2024

Prophet Security announced it emerged from stealth with $11 million in seed financing led by Bain Capital Ventures (BCV) with participation from several security leaders and angel investors.

Wilmington Trust Reveals Global Capital Markets Team Additions

By Amit Chowdhry ● Apr 25, 2024

Wilmington Trust, a leader in corporate and institutional trust services, announced changes to its Global Capital Markets (GCM) leadership team. Susie Aliker will be welcomed as head of GCM Europe, and Alan Geraghty will be named head of GCM Global Product Management.

Epiris: Mike Ebeling Joins Senior Investment Team

By Amit Chowdhry ● Apr 25, 2024

Epiris has announced the appointment of Mike Ebeling as a partner on its investment team. Ebeling will join the firm’s executive and investment committees and work with Epiris’ investment team to deploy Epiris Fund III, which held its final close in February with total commitments of £1.044 billion. The fund's target was £850 million and oversubscribed at its hard cap.

Jolt Capital Names Zineb Semlali As Director of Investor Relations

By Amit Chowdhry ● Apr 25, 2024

Jolt Capital, a leading private equity firm specializing in European growth tech companies, announced the appointment of Zineb Semlali as Director of Investor Relations. Semlali will report to Chairman and Managing Partner Jean Schmitt and will actively participate in the company's fundraising efforts.

Tigera: Providing Networking And Protection For Containers And Kubernetes In A $7+ Billion Market

By Amit Chowdhry ● Apr 25, 2024

Tigera provides secure networking and comprehensive protection for containers and Kubernetes. Pulse 2.0 interviewed Tigera’s President and CEO, Ratan Tipirneni, to learn more.

Homrich Berg: Andrew Page Named As Head of Corporate Development

By Amit Chowdhry ● Apr 25, 2024

Homrich Berg (HB), a leading Atlanta-based RIA serving families and investors from its offices in the Southeast, announced it is welcoming Andrew Page as Head of Corporate Development. HB launched this new position to add a leader utilizing Page’s dealmaking experience - signaling the $16 billion firm’s continuing focus on growth by acquisition.

Rockefeller Asset Management Brings In 3 Veteran Portfolio Managers

By Amit Chowdhry ● Apr 25, 2024

Rockefeller Asset Management, the asset management arm of Rockefeller Capital Management, announced it has added three high-yield and investment-grade municipal bond professionals, including Scott Cottier, Managing Director and Portfolio Manager; Mark DeMitry, Senior Vice President and Portfolio Manager; and Michael Camarella, Senior Vice President and Portfolio Manager.

Alpha Capital Family Offices: Tom Riley Hired To Lead Portfolio Management

By Amit Chowdhry ● Apr 25, 2024

Alpha Capital Family Offices (ACFO) announced that it has recruited industry veteran Tom Riley, CFA (Chartered Financial Analyst), to join and lead portfolio management at the firm.

Augment: AI Coding Assistance Company Raises $227 Million At $977 Million Valuation

By Amit Chowdhry ● Apr 25, 2024

AI coding assistance startup Augment has emerged from stealth and announced a $227 million Series B funding round at a $977 million post-money valuation with investments from Sutter Hill Ventures, Index Ventures, Innovation Endeavors, Lightspeed Venture Partners, and Meritech Capital. Including this round of funding, Augment has raised a total of $252 million, including the $25 million Series A funding round led by Sutter Hill Ventures.

PAI Partners Buying Majority Stake In Audiotonix

By Amit Chowdhry ● Apr 25, 2024

Private equity firm PAI Partners and Ardian (a world-leading investment house) has agreed on a deal for Audiotonix, a global leader in the professional audio mixing console and ancillary products market. Upon the deal's completion, PAI will acquire a majority stake and become the largest shareholder in Audiotonix, with Ardian retaining a minority stake alongside management.

Vestar Capital: $1.2 Billion Continuation Vehicle For Circana Closed

By Amit Chowdhry ● Apr 25, 2024

Leading U.S. middle-market private equity firm Vestar Capital Partners announced the closing of a $1.2 billion single-asset continuation vehicle for its stake in Circana, a leading global advisor on the complexity of consumer behavior. Blackstone Strategic Partners and HarbourVest Partners acted as lead investors in the deal.

Betterment Buying Digital Investing Accounts From Goldman Sachs

By Amit Chowdhry ● Apr 25, 2024

Deerpath Capital: 10th CLO Closed At $452.61 Million

By Amit Chowdhry ● Apr 25, 2024

Deerpath Capital Management has announced the closing of Deerpath CLO 2024-1, a $452.61 million collateralized loan obligation (CLO). This marks Deerpath's first new issuance CLO this year. Including a CLO reset and upsize in July 2023 and CLO 2023-2, this deal represents the firm's tenth CLO over the past six years. Deerpath Capital is one of the largest customized, cash-flow-based senior debt financing providers to lower-middle market companies across North America.