Archives

Krilogy: Investment Raised From Rise Growth Partners

By Amit Chowdhry ● Oct 27, 2025

Rise Growth Partners, a firm that provides non-controlling minority capital and strategic expertise to exceptional wealth-management firms, announced it has entered into a long-term partnership with Krilogy, a St. Louis-based RIA managing approximately $4.1 billion in client assets. Launched in 2009, Krilogy is guided by its principle of the art of accomplishment, a philosophy rooted in relentless effort, thoughtful solutions, and a commitment to serve clients well now and for generations to come.

AlphaCore Onboards $1.5 Billion Firm SPC Financial Team To Expand East Coast Reach

By Amit Chowdhry ● Oct 27, 2025

Independent registered investment advisory firm AlphaCore Wealth Advisory announced it is acquiring SPC Financial, a Rockville, Maryland-based wealth-advisory and tax-services firm. The deal brings approximately $1.5 billion in client assets and expands AlphaCore’s team by nearly 40 professionals, including advisors and tax specialists.

Dynasty Financial And Diamond Consultants Launch Breakaway Investment Banking Initiative For Advisory Teams

By Amit Chowdhry ● Oct 27, 2025

Dynasty Financial Partners, a company focused on the independent wealth-management movement, and Diamond Consultants, a well-known financial-advisor recruiting, consulting, and executive-search firm, unveiled the Breakaway Investment Banking Initiative recently. This new offering targets advisor teams with over US$1 billion in assets who are evaluating whether to transition to a W-2 model firm, launch an independent enterprise, merge with or sell to an existing registered investment advisor, or raise growth capital.

Redwood Materials: $350 Million Series E Raised To Advance U.S. Energy Storage Expansion

By Amit Chowdhry ● Oct 27, 2025

Redwood Materials announced the close of its $350 million Series E funding round, led by Eclipse with participation from new strategic investors, including NVentures, NVIDIA’s venture capital arm. The oversubscribed round underscores strong investor confidence in Redwood’s mission to build a vertically integrated domestic supply chain for energy storage and critical materials.

Iris Ventures: €100 Million Fund Closed For New Consumer Fund

By Amit Chowdhry ● Oct 27, 2025

Growth-equity investor Iris Ventures announced the first closing of its second fund, IRIS Fund II, securing approximately €100 million toward a larger target of €200 million. This fund was completed in record time and it is backed by a select group of family offices, many of whom have deep expertise in the consumer space.

Plymouth Industrial REIT To Go Private In $2.1 Billion With Makarora and Ares

By Amit Chowdhry ● Oct 27, 2025

Plymouth Industrial REIT announced it has entered into a definitive merger agreement under which entities affiliated with Makarora Management and Ares Management Corporation’s alternative credit funds will acquire all outstanding shares of Plymouth common stock and the limited partnership interests of Plymouth Industrial OP for $22 per share in cash, in a transaction valued at approximately US$2.1 billion, including the assumption of certain debt.

Kestra Onboards $866 Million Firm Ascend Private Wealth Partners

By Amit Chowdhry ● Oct 27, 2025

Kestra Private Wealth Services (Kestra PWS), a registered investment adviser arm of Kestra Financial, announced that $866 million firm Ascend Private Wealth Partners (Ascend) has formally joined its platform. Ascend, led by financial advisors David Barnett, CFP, and Ashley Ament, is based in Scottsdale, Arizona, and focuses on delivering personalized financial strategies spanning investment management to tax planning.

FalconX Buying Crypto Investment Company 21Shares

By Amit Chowdhry ● Oct 27, 2025

Institutional digital asset prime brokerage FalconX announced it has agreed to acquire the crypto-ETP/ETF leader 21shares, a strategic transaction intended to combine FalconX’s trading infrastructure with 21Shares’ product suite and global distribution. The move highlights FalconX’s ambition to converge listed markets and digital assets while expanding its presence across the US, Europe, and Asia-Pacific.

Latham & Watkins: Dr. Todd Trattner Joins As Royalty And IP Transactions Partner

By Amit Chowdhry ● Oct 27, 2025

Global law firm Latham & Watkins has announced that Dr. Todd Trattner has joined its Bay Area offices as a partner in the Emerging Companies & Growth Practice. His hire expands the firm’s capabilities in life sciences and technology-related intellectual property transactions, particularly in royalty financings, monetizations, licensing, and strategic collaborations.

Endowus: $70 Million In Funding And $10 Billion In Client Assets

By Amit Chowdhry ● Oct 27, 2025

Wealth technology platform Endowus has announced a significant milestone: client assets under management and advice have surpassed US$10 billion (S$13 billion), driven by strong growth in the high-net-worth segment and increased demand for alternatives, including hedge funds and private markets. Simultaneously, the company closed a new funding round exceeding US$70 million (S$90 million), led by Illuminate Financial, with participation from existing investors, including Prosus and Citi Ventures, as well as several Asian family offices. This latest funding brings Endowus’ total funding raised to over US$130 million since its founding.