Archives

Praia Health: Digital Health Company Secures $20 Million

By Amit Chowdhry ● Apr 5, 2024

Digital health company Praia Health announced the closing of a $20 million oversubscribed Series A financing led by Frist Cressey Ventures, with participation from SignalFire, Epsilon Health Investors, and Providence Ventures. This funding round will support the platform's ability to revolutionize the delivery of individualized health solutions at scale and enable digitally driven health system transformation.

Aidium: Mortgage Technology Solutions Company Raises $19 Million

By Amit Chowdhry ● Apr 5, 2024

Aidium Mortgage CRM, a leading provider of innovative mortgage technology solutions, announced the successful closure of its $19 million Series A funding round, led by PeakSpan Capital.

iCapital Buying Investment Data Aggregation Company Mirador

By Amit Chowdhry ● Apr 5, 2024

iCapital (a global fintech platform driving the world’s alternative investment marketplace for the wealth management industry) and Mirador (a leading technology-enabled provider of investment data aggregation and financial reporting across alternative and traditional investments) announced they have entered into a definitive agreement under which iCapital will acquire Mirador.

Carlyle: Masahiko Fukasawa Named As Head Of Global Portfolio Solutions Japan

By Amit Chowdhry ● Apr 5, 2024

Carlyle announced that Masahiko Fukasawa had joined the firm as Head of Global Portfolio Solutions Japan, effective immediately. For this newly created role, Fukasawa will strengthen Carlyle’s existing portfolio operational value creation efforts in Japan, utilizing the full range of global resources and capabilities to benefit portfolio companies in the region.

The Rawlings Group Raises Growth Investment From New Mountain Capital

By Amit Chowdhry ● Apr 5, 2024

The Rawlings Group (a leading coverage analytics provider ensuring payment accuracy on behalf of its health plan clients) announced a strategic investment from affiliates of New Mountain Capital (a leading growth-oriented investment firm with about $50 billion in assets under management). New Mountain is working with the Rawlings management team to support the company's next growth phase, which includes investments in artificial intelligence, product development, and expansion into new markets and capabilities.

Warren Equity Partners: Over $550 Million Raised For Oversubscribed Small Cap Fund

By Amit Chowdhry ● Apr 5, 2024

Leading infrastructure solutions investor Warren Equity Partners Manager, L.P. (WEP) announced the closing of Warren Equity Partners ELIDO Fund II, L.P. and Warren Equity Partners ELIDO Fund II-A, L.P. at its hard cap, with over $550 million in total capital commitments, exceeding its initial target of $450 million.

Goldman Sachs Acquires Stake In Private Credit Firm Kennedy Lewis

By Amit Chowdhry ● Apr 5, 2024

Kennedy Lewis Investment Management (a leading opportunistic credit manager) announced that Petershill at Goldman Sachs Asset Management had made a passive minority investment in the firm.

EP Wealth Advisors Acquires $1.2 Billion Wacker Wealth Partners

By Amit Chowdhry ● Apr 5, 2024

EP Wealth Advisors, a leading independent registered investment adviser (RIA) with an expanding national presence and client base, announced it had acquired Wacker Wealth Partners. This partnership with the San Luis Obispo, California-based firm expands EP’s presence in California to the state’s Central Coast and adds nearly $1.2 billion in assets under management.

Kovitz Brings In $4.5 Billion Strategic Wealth Partners

By Amit Chowdhry ● Apr 5, 2024

Focus Financial Partners, a leading partnership of fiduciary wealth management firms, announced that it has entered into a definitive agreement under which its partner firm Strategic Wealth Partners Group (SWP), based in Deerfield, Illinois, will formally join Focus “hub” firm Kovitz Investment Group Partners. Subject to customary closing conditions, this deal is expected to close in the second quarter of this year.

actnano: Surface Protection Technology Company Raises $40 Million

By Amit Chowdhry ● Apr 5, 2024

actnano, a leader in surface protection technologies for automotive, consumer, and industrial electronics, announced the closing of a $40 million investment by Anthelion Capital.

Adenia: Fifth Flagship Fund Closed At $470 Million

By Amit Chowdhry ● Apr 5, 2024

Adenia Partners, a leading PE firm focused on growth opportunities in Africa, has closed its fifth fund, Adenia Capital V - known as AC(V) - at its $470 million hard cap. This fund was significantly oversubscribed and attracted commitments from new and existing investors globally.

Hildred Capital: Closes Multi-Asset Continuation Fund With Over $750 Million In Commitments

By Amit Chowdhry ● Apr 5, 2024

Hildred Capital - a healthcare-focused private equity firm specializing in partnering with middle-market companies - announced the closing of a multi-asset continuation fund led by Lexington Partners.

Neurosterix: $63 Million Raised For Developing Allosteric Modulator Therapeutics For Underserved Neurological Disorders

By Amit Chowdhry ● Apr 5, 2024

Neurosterix, a biopharmaceutical company dedicated to developing allosteric modulator therapeutics for underserved neurological disorders, announced it has launched with a $63 million Series A financing led by Perceptive Xontogeny Venture Fund II, with participation from Perceptive Life Sciences Fund and Acorn Bioventures.

GoldenTree Asset Management: $1.3 Billion In Commitments Closed For Third CLO Equity Fund

By Amit Chowdhry ● Apr 5, 2024

GoldenTree Asset Management (a global asset management firm with over $54 billion in assets under management) announced closing $1.3 billion in commitments on its third CLO strategy (GLM III). GLM III continues the GoldenTree Loan Management (GLM) program that started in 2016, bringing aggregate commitments across the entire GLM program to over $2.625 billion.

Read AI: $21 Million Raised To Make Meetings More Efficient

By Amit Chowdhry ● Apr 5, 2024

Read AI - a leader in gen AI meeting summaries - announced a $21 million Series A funding round led by Goodwater Capital with existing investor Madrona Venture Group. Goodwater partner Coddy Johnson will join the Board of Directors alongside Madrona’s Matt McIlwain and David Shim (Read AI’s Co-Founder and CEO). The additional funding will accelerate Read AI’s goal of building the future of work, where every interaction is improved with AI.

Stratos Wealth Advisors Adds $500 Million Reno Tahoe Wealth Management Team

By Amit Chowdhry ● Apr 5, 2024

Stratos Wealth Advisors (a part of Stratos Wealth Holdings) announced it has successfully recruited a senior team of wealth managers from RBC Wealth Management who will establish the firm's first Northern Nevada office. The team will use Fidelity as their primary custodian.

tru Independence Launches Mindset Wealth Management

By Amit Chowdhry ● Apr 5, 2024

tru Independence, a national independent advisory platform servicing about $12.5 billion in assets, announced the launch of Mindset Wealth Management. And the launching of the new Indianapolis-based registered investment advisor (RIA) continues tru’s strong momentum, after the firm successfully onboarded six new advisory teams last year, collectively representing over $4 billion in assets.

Homrich Berg Names Michael Woocher As New Chief Advisory Officer And Principal

By Amit Chowdhry ● Apr 5, 2024

Homrich Berg, a leading Atlanta-based RIA serving families and investors across the country, announced the appointment of Michael A. Woocher as Principal and Chief Advisory Officer. Under this newly created executive role, Woocher will lead the $16 billion firm’s accomplished group of financial advisors, position the firm for continued growth by developing its next generation of advisors, and attract and integrate new advisors for future strategic hires and acquisitions.

The Pasha Group: Funding Raised From Morgan Stanley Infrastructure Partners

By Amit Chowdhry ● Apr 5, 2024

Morgan Stanley Investment Management (MSIM), through investment funds managed by Morgan Stanley Infrastructure Partners (MSIP) announced it has provided an unsecured term loan to The Pasha Group, a family-owned and third-generation maritime transportation company, to support continued infrastructure investment in the Hawaii trade.

Alsym Energy: $78 Million Raised To Develop Next-Gen Non-Flammable Rechargeable Batteries

By Amit Chowdhry ● Apr 5, 2024

Alsym Energy, a developer of next-generation non-flammable rechargeable batteries for stationary storage, marine, and mobility applications, announced a $78 million funding round jointly led by Tata Limited (a wholly-owned subsidiary of Tata Sons) and General Catalyst. Thrive Capital and Thomvest joined the round along with existing investor Drads Capital. Alsym will use the funding to expand its team and prototyping and pilot lines, which will help address the increasing demand for customer samples.

Clearstead Advisors Acquiring Wilbanks Smith And Thomas

By Amit Chowdhry ● Apr 5, 2024

Leading registered financial advisor (RIA) Clearstead Advisors has acquired the assets of Wilbanks Smith and Thomas Asset Management (WST), a Norfolk, Virginia-based wealth and investment management firm with over $5 billion of assets under management. This combination continues Clearstead's growth trajectory and further consolidates Clearstead's position among the leading RIAs in the US.

TPG To Buy Collision Repair Multi-Site Operator Classic Collision

By Amit Chowdhry ● Apr 5, 2024

Global alternative asset management firm TPG has agreed to acquire Classic Collision, a leading national collision repair multi-site operator. TPG Capital (the U.S. and European private equity platform of TPG) will buy the business from New Mountain Capital. Classic Collision’s management team will remain invested in the company. The terms of the transaction were undisclosed.

groundcover: An Interview With Shahar Azulay About How eBPF Will Revolutionize Observability

By Amit Chowdhry ● Apr 5, 2024

eBPF is a technology that offers a programmable framework for in-kernel operations without modifying the kernel source code. Pulse 2.0 interviewed Shahar Azulay, CEO and Co-Founder of groundcover, to learn more about the technology.

Hello Alice: Fintech Platform Closes Series C Funding Round

By Amit Chowdhry ● Apr 4, 2024

Hello Alice - a fintech platform connecting 1.5 million small businesses to capital, connections, and opportunities - announced the closing of a Series C funding round with QED Investors, Mastercard, and others. This funding round brought the company’s valuation to $130 million. Additional investors in this round of funding included Backstage Capital, Guy Fieri, Golden Seeds, Harbert Growth Partners Fund, How Women Invest I, LP, Lovell Limited Partnership, Tyler "Ninja" and Jessica Blevins, and Tamera Mowry and Adam Housley.

Pigment: Business Planning Platform Raises $145 Million

By Amit Chowdhry ● Apr 4, 2024

Pigment, a business planning platform, announced a $145 million Series D funding round led by ICONIQ Growth. Sandberg Bernthal Venture Partners and several other existing investors, including IVP, Meritech, Greenoaks, and Felix Capital, also participated in the round.

Dentons: Neil Hare Joins As Partner In Public Policy Practice

By Amit Chowdhry ● Apr 4, 2024

Dentons announced that Neil Hare had joined the Firm’s Public Policy practice as a partner resident in the Washington, DC, office. Hare offers clients broad experience in business, law, and government.

Skadden: Senior Criminal Antitrust Enforcer James Fredricks Joins As Partner

By Amit Chowdhry ● Apr 4, 2024

Skadden announced that James Fredricks has joined the firm’s global Antitrust/Competition Group as a partner in its Washington, D.C., office. Fredricks was most recently chief of the Washington Criminal II Section of the Antitrust Division of the Department of Justice (DOJ).

Eirene: Online Funeral Services Provider Secures $4 Million

By Amit Chowdhry ● Apr 4, 2024

Eirene, Canada's first and only online funeral services provider, announced it had launched operations in the U.S. after raising $4.1 million in seed funding. Relay Ventures led the funding round, with participation from Export Development Canada and Saint Elizabeth Healthcare. This funding round will drive Eirene's expansion into the US, build its brand, and grow the team.

DLA Piper: Marcell Nemeth Named As New Head Of Finance Practice In Austria

By Amit Chowdhry ● Apr 4, 2024

DLA Piper announced that Dr. Marcell M. Németh, LL.M, was appointed as Head of the Finance Practice for DLA Piper Austria, effective immediately.

Diagonal Therapeutics: $128 Million Raised To Discover/Develop Agonist Antibodies

By Amit Chowdhry ● Apr 4, 2024

Diagonal Therapeutics - a company pioneering a new approach to discover and develop agonist antibodies - has launched with $128 million in financing. BVF Partners and Atlas Venture co-led the Series A funding round, with participation from Lightspeed Venture Partners, RA Capital Management, Frazier Life Sciences, Viking Global Investors, Velosity Capital, and Checkpoint Capital. The company was co-founded by CEO Alex Lugovskoy, Ph.D., and Atlas and was previously seeded by Atlas, Lightspeed Venture Partners, and Velosity Capital.