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Vanguard announced that its Board of Directors has named Salim Ramji, a longtime financial services executive, as the company’s new Chief Executive Officer and a member of the Board, effective July 8, 2024. Ramji succeeds Tim Buckley, who will retire and step down as Chairman and CEO.

Fortress Investment Group and Mubadala Investment Company—through its wholly-owned asset management subsidiary Mubadala Capital—announced that they had completed the previously announced acquisition of SoftBank Group's 90.01% equity in Fortress. The terms of the deal were not disclosed.

Mercer Global Advisors, a national Registered Investment Adviser (RIA) firm, announced the move of Martine Lellis, Chief Talent Officer since 2020, to a newly created Principal, M&A Partner Development role.

LPL Financial announced that financial advisor Garrett Oczachowski has joined LPL Financial’s broker-dealer, RIA and custodial platforms. And he reported serving approximately $280 million in advisory, brokerage and retirement plan assets and joins LPL from JPMorgan Chase.

May Health, a clinical-stage medical device company dedicated to helping those living with the endocrine disorder polycystic ovary syndrome (PCOS), announced it has closed a $25 million Series B financing round, co-led by Bpifrance and Trill Impact with participation from founding investor Sofinnova Partners, and Avestria Ventures and Kidron Capital Assets LP.

Mercurius Media Capital (MMC) has launched a new $50+ million independent media fund in the US. And this fund strategically deploys the inventory of its media partners into brands with a robust presence in the US, aimed at expediting startup growth.

Bluejay Therapeutics, a leader in developing novel therapeutics, today announced the successful closure of a $182 million Series C financing round. This capital infusion will accelerate the clinical development of BJT-778, as the treatment for chronic hepatitis D (HDV). The funds will also support the progression of additional promising candidates in Bluejay’s robust pipeline for the treatment for chronic hepatitis B. As previously announced, BJT-778 has received PRIME designation from EMA based on early results from the Phase 1/2 study in HDV.

Pepper, a trusted technology partner for the food distribution sector, announced the successful closing of a $30 million Series B funding round. This significant funding round was led by ICONIQ Growth, with continued participation from existing partners at Index Ventures, Greylock, Imaginary, and Harmony Partners.

Raymond James announced it is expanding the capabilities of its Investment Banking division by partnering with Eldridge Industries and Raymond James Bank to provide private credit solutions to sponsor-backed portfolio companies in four primary sectors: Consumer, Diversified Industrials, Healthcare and Technology & Services. Raymond James has also hired credit industry veteran Omer Masud as head of sponsor finance origination to launch the firm’s Private Credit effort.

Cloud security company Wiz recently raised $1 billion at a $12 billion valuation, bringing the company's total funding to $1.9 billion. The current round was led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital, with participation from Greylock, Wellington Management, and existing investors Cyberstarts, Greenoaks, Howard Schultz, Index Ventures, Salesforce Ventures, and Sequoia Capital.

Goldman Sachs Asset Management announced its appointment by the UPS pension plan fiduciaries to provide investment management services for UPS’s US and Canadian-defined benefit pension plan assets. And UPS’s North American pension plans have a combined $43.4 billion in assets as of March 31, 2024.

Johnson & Johnson (NYSE: JNJ) has entered into a definitive agreement to acquire Proteologix, a privately-held biotechnology company focused on bispecific antibodies for immune-mediated diseases, for $850 million in cash, with the potential for an additional milestone payment.

Squarespace, a design-driven platform helping entrepreneurs build brands and businesses online, announced that it has entered into a definitive agreement to go private by global private equity firm Permira in an all-cash transaction valued at approximately $6.9 billion.

Law firm Reed Smith announced capital markets and corporate lawyer Anne Peetz joined as a partner of the Global Corporate Group, based in Houston. Peetz was previously a partner at Kirkland & Ellis.

Mogul, the music industry's top layer for tracking royalties across all rights types, has surpassed $100 million in tracked royalties across all the artists signed up for the service. This significant milestone is a testament to Mogul's commitment to helping artists and their teams understand their business by centralizing many different royalty sources into an actionable hub.

Dentons recently announced the addition of Jonathan Shulan to its Litigation practice as a partner and resident in the firm’s St. Louis office. Shulan represents clients in complex commercial disputes and high-stakes insurance issues.

In-House Health has formally launched its AI-driven scheduling and management platform for modern nursing teams. The company recently raised $4 million in seed funding, led by NEA and TMV, with participation from pre-seed investors Vine Ventures and Longevity Venture Partners. This brings the total investment to date to $5.4 million.

Nami Surgical, a company aiming to transform the robotic-assisted surgery market with a breakthrough ultrasonic platform, has secured $4 million of investment and grant funding. St Andrews-based impact investment firm Eos Advisory led the seed $3.1 million round alongside the Investment Fund for Scotland, which is managed by UK private equity firm Maven and delivered by British Business Bank, Scottish Enterprise, and SIS Ventures. The company was also separately awarded a grant from Innovate UK, the United Kingdom’s national innovation agency.

Aardvark Therapeutics has raised an $85 million oversubscribed Series C financing led by Decheng Capital, with participation from Cormorant Asset Management, Surveyor Capital, SymBiosis, Tetragon Financial Group, Walleye Capital, Laurion Capital Management, LG Technology Ventures, Cantor Ventures, Silver Arc Private Capital, The Prader-Willi Syndrome Association – USA, and existing investors, including Vickers Venture Partners and the Foundation for Prader-Willi Research. Decheng Capital's Managing Director, Victor Tong, Jr., joined Aardvark's board of Directors in connection with the investment.

Avenue Capital Group announced the successful final closing of the Avenue Europe Special Situations Fund V (Avenue Europe Fund). With separately managed accounts, over $1 billion of commitments have been raised for the Avenue Europe Fund from a broad range of existing and new investors, including public and corporate pension plans, sovereign wealth funds, asset managers, and family offices.

Ohio-based DayMark Wealth Partners announced that veteran financial advisors Thomas Hofstetter and Daniel Baron have joined the firm as the Hofstetter Baron Group of DayMark Wealth Partners. Previously a Wells Fargo Advisors team managing $585 million, Southport, Connecticut-based Hofstetter Baron Group advises high net worth families and individuals.

Wealthspire Advisors (an NFP company and independent registered investment advisor firm headquartered in NYC) announced that it has entered an agreement to acquire Walden Wealth Partners (a registered investment advisor firm located in Beachwood, Ohio). And its founders, Karin Maloney Stifler and Sarah Hannibal, each bring decades of experience serving multigenerational clients.

CION Ares Management (CAM), a joint venture between affiliates of CION Investments, a leading manager and distributor of alternative investment solutions for individual investors, and Ares Management Corporation, a leading global alternative investment manager, announced that the CION Ares Diversified Credit Fund (CADC) recently surpassed $5 billion in total assets under management.

FleetPulse, a trailer telematics solution incubated within Great Dane, announced its launch as an independent company. And FleetPulse is now capitalized with $11 million, including seed funding led by Four More Capital. The company has also named former Uber Freight executive Carl-Christoph “CCR” Reckers as Chief Executive Officer.

GoodShip, an all-in-one platform for freight network orchestration and procurement, announced an $8 million Series A funding round led by Bessemer Venture Partners. This funding round brings GoodShip’s total funding to $15.4 million. It includes continued investment from Ironspring Ventures, Chicago Ventures, FUSE VC, and Cercano Management, with new participation from 53 Stations, Andrew Silver, Nichole Wischoff, and other angels.

Xona Space Systems - a company that is developing a network of small satellites to provide high-precision navigation services - announced an oversubscribed $19 million Series A funding round led by Future Ventures and Seraphim Space. And new investors NGP Capital, Industrious Ventures, Murata Electronics, Space Capital, and Aloniq also joined the round.

Arbelos Markets, a principal liquidity provider in crypto derivatives markets, announced that it has raised $28 million in a mix of seed equity and debt financing led by Dragonfly Capital to build transparency-based trading infrastructure and offer bilateral and on-exchange liquidity in options and futures products. The investment firms Room40 Ventures, Selini Capital and Breed VC, corporate partners FalconX, Circle Ventures, Paxos, P2 Ventures (formerly Polygon Ventures), Deribit, Chorus One, StarkWare and Immutable, and angel investors at Aevo, Cega, Talos, Amberdata, and Framework also participated in the significantly oversubscribed round. Arbelos Markets was founded in 2023 by veteran industry operators and derivative traders Joshua Lim and Shiliang Tang.

Averto Medical, a clinical-stage medical device company pioneering minimally invasive gastrointestinal care, announced the closing of an oversubscribed $30.5 million Series A financing. Cormorant Asset Management led the financing, which was participated in by Venrock Healthcare Capital Partners, LifeSci Venture Partners, CVF, and other investors.

AI hyperscaler company CoreWeave announced it has signed a definitive agreement for a $7.5 billion debt financing facility led by funds managed by Blackstone, with strategic participation from Magnetar (Co-Lead Investor) and Coatue. The participation in the funding also included Carlyle, CDPQ, DigitalBridge Credit, funds and accounts managed by BlackRock, Eldridge Industries, and Great Elm Capital Corp. This new funding will be used to develop further CoreWeave's growing fleet of high-performance computing to execute existing contracts with leading enterprise customers and AI innovators.