Archives

DLA Piper Reveals 63 Partnership Promotions

By Amit Chowdhry ● May 2, 2024

DLA Piper announced 63 lawyers were promoted to its partnership. These promotions are effective as of April 1 in the US and Canada and May 1 for EMEA and Asia Pacific. The promotions have been made across all the firm's practice areas, spanning 37 offices in 18 countries.

Jones Day: Two Banking And Finance Partners Added To Australia Office

By Amit Chowdhry ● May 2, 2024

Alastair Gourlay has joined the Jones Day as a partner in the Financial Markets Practice in the Sydney Office. Gourlay is a banking and finance lawyer with over 20 years of experience representing financial institutions, investors, and corporations on complex cross-border leveraged finance, corporate finance, private credit, funds finance, and real estate finance throughout the Asia-Pacific region.

Flourish Ventures: Ravi Kaushik Named As Executive Director, Head of Asia Investments

By Amit Chowdhry ● May 2, 2024

Early-stage venture capital firm Flourish Ventures announced the appointment of Ravi Kaushik as Executive Director, Head of Asia Investments. Kaushik will lead the global firm's fintech investments and portfolio management in India and Southeast Asia.

ACORE Capital: Oversubscribed $1.4 Billion Commercial Real Estate Debt Fund Closed

By Amit Chowdhry ● May 2, 2024

ACORE Capital, one of the leading U.S. commercial real estate debt managers, announced the final closing of ACORE Credit Partners II (ACP II) - which was oversubscribed with total equity commitments of about $1.4 billion.

Deerpath Capital: 10th Collateralized Loan Obligation Closed At $452.61 Million

By Amit Chowdhry ● May 2, 2024

Deerpath Capital Management, LP announced the closing of Deerpath CLO 2024-1, a $452.61 million collateralized loan obligation (CLO). This is Deerpath's first new issuance CLO this year.

Wealth Enhancement Group Adds $502 Million Lynch Retirement Investment Team

By Amit Chowdhry ● May 2, 2024

Wealth Enhancement Group, a national independent wealth management firm with over $81.9 billion in client assets, announced that it has joined forces with Lynch Retirement Investment Group, a hybrid RIA located in Columbia, Maryland. The team of three financial advisors and three support team members, led by senior advisor John Lynch, manages over $502 million in client assets.

Credent Wealth Management Brings In Two New Advisor Firms

By Amit Chowdhry ● May 2, 2024

Auburn, Indiana-based Credent Wealth Management, a $2.5 billion fee-only RIA firm, announced William “Bill” Hoover of Euclid Advisory and James “Jim” Ward of Ward Wealth Management Services as the latest partner advisors to join Credent.

Mercer: $3.9 Billion In Commitments Closed For PIP VII

By Amit Chowdhry ● May 2, 2024

Mercer, a global leader in redefining retirement and investment outcomes (and a business of Marsh McLennan), announced the successful fundraising for Mercer Private Investment Partners VII (PIP VII). The fund secured limited partner (LP) capital commitments totaling over $3.9 billion.

TaxBit: Tax And Accounting Compliance Solutions Company Raises Funding From In-Q-Tel

By Amit Chowdhry ● May 2, 2024

TaxBit, a leading tax and accounting compliance solutions provider, announced a strategic investment from In-Q-Tel (IQT) - a not-for-profit strategic investor for the U.S. national security community and America's allies. This development comes in response to growing demand for expanded use cases and digital asset compliance solutions on a global scale.

BioIntelligence Technologies: $5 Million Raised To Help Biotech Companies Maximize Performances

By Amit Chowdhry ● May 2, 2024

BioIntelligence Technologies announced it has developed an AI-powered solution to eliminate losses in products and to reduce the consumption of water and energy and the emission of carbon dioxide in industrial bioprocesses using fermentation; announced the recent closing of $5 million in funding led by Amplify Capital and joined by Investissement Québec, Real Ventures, Anges Québec and AQC Capital, and by Innospark Ventures.

PCF Insurance Services: $400 Million In Incremental Debt Financing Closed

By Amit Chowdhry ● May 2, 2024

PCF Insurance Services, a top 20 U.S. insurance brokerage, announced it had closed $400 million in incremental debt financing led by Blue Owl. This global alternative asset manager acted as lead arranger and administrative agent.

Raymond James: $125 Million Financial Advisor Sloane Fox Joins

By Amit Chowdhry ● May 2, 2024

Raymond James’ Southeast division director for Raymond James Financial Services (RJFS) Todd Gartrell announced financial advisor Sloane Fox has joined Raymond James Financial Services (RJFS) – which is the firm’s independent advisor channel.

Huntington National Bank: Melissa Holding Named As Director Of Wealth Management

By Amit Chowdhry ● May 2, 2024

The Huntington National Bank announced the appointment of Melissa Holding as Director of Wealth Management. Holding will oversee the Wealth Management business, including private banking, wealth management, and legacy planning via investment and portfolio management, fiduciary administration and trust services, institutional custody services, and full-service retail brokerage investments. And Holding will focus on growing Huntington's wealth segment momentum and report to Consumer & Regional Banking President Brant Standridge.

Palistar Capital: Brittenay Banh Named Principal, Head of Investor Relations & Capital Formation

By Amit Chowdhry ● May 2, 2024

Palistar Capital LP, an alternative asset manager focused on mission-critical communications and digital infrastructure, announced the appointment of Brittenay Banh as Principal, Head of Investor Relations & Capital Formation.

Trive Capital: Amy Wesley Joins As Global Head of Investor Relations

By Amit Chowdhry ● May 2, 2024

Dallas-based private equity firm Trive Capital announced it welcomed Amy Wesley as Global Head of Investor Relations. Wesley will oversee capital formation, product development and investor communication. And as a leader with deep experience in Investor Relations disciplines for over half of her career, she has a demonstrated track record of success in fundraising in diverse situations.

Blackstone: Dan Leiter Named As Head of International For Credit & Insurance

By Amit Chowdhry ● May 2, 2024

Blackstone announced the appointment of Dan Leiter as Head of International for Blackstone Credit & Insurance (BXCI). In this role, reporting to Gilles Dellaert (Global Head of BXCI), Leiter will lead the activity and expansion of BXCI in EMEA and APAC. And Michael Carruthers is appointed as European Head of Private Credit, reporting to Leiter.

Granite Creek Invests In The District Communications Group

By Amit Chowdhry ● May 2, 2024

Granite Creek Capital Partners (in partnership with Boathouse Capital) announced an investment in The District Communications Group (DCG), a full-service communications firm that provides comprehensive market research and strategic communications services, primarily to federal government clients.

LPL: $190 Million Financial Advisor Justin Souma Returns

By Amit Chowdhry ● May 2, 2024

LPL Financial announced that financial advisor Justin Souma, CFP, AAMS, returned to LPL Financial’s broker-dealer, RIA and custodial platforms. He reported serving about $190 million in advisory, brokerage, and retirement plan assets and joins LPL from Benjamin F. Edwards & Co.

Shinkei: Commerical Fish Processing Technology Company Raises $6 Million

By Amit Chowdhry ● May 2, 2024

Shinkei – a company pioneering a commercial fish processing technology - announced $6 million in new seed funding to launch its modern system that merges machine learning, robotics, and centuries-old fish harvesting techniques. This funding round was led by Cantos, with additional participation by 8VC, Impatient Ventures, Susa/Humba Ventures, Carya Venture Partners, Ravelin Capital, Red & Blue Ventures, Undeterred Capital, and others joining existing investors.

Focus Financial Partners: Michael Nathanson Named As CEO

By Amit Chowdhry ● May 2, 2024

Focus Financial Partners, a leading partnership of fiduciary wealth management and related financial services firms, announced that Michael Nathanson (President of Focus) has been appointed the company’s Chief Executive Officer (CEO), effective immediately. Dan Glaser, Chairman of Focus’ Board of Directors and Operating Partner at Focus’ majority investment partner, Clayton, Dubilier & Rice (CD&R) - who had been serving as Interim CEO - has been named Executive Chairman.

Heartwood Partners Reveals New Managing Partners

By Amit Chowdhry ● May 2, 2024

Heartwood Partners, a middle-market private equity firm founded in 1982, announced the promotions of Demetrios Dounis, James Sidwa, and Edwin (Ed) Tan to Managing Partners. They will continue to serve on Heartwood's Management Committee alongside Rob Tucker and Mark Allsteadt.

Deloitte Acquiring Biosecurity Company Gryphon Scientific

By Amit Chowdhry ● May 2, 2024

Deloitte announced it has acquired substantially all of the assets of Gryphon Scientific, a leader in biosafety, biosecurity, and all-hazards preparedness and response, with experience in using artificial intelligence (AI) to enhance security and safety.

Clifford Chance: 29 Lawyers Promoted To Partnership

By Amit Chowdhry ● May 2, 2024

British law firm Clifford Chance has announced it has promoted 29 lawyers to partnership. These new partners highlight the strength and diversity of top talent available to clients across international markets, products, and sectors aligned with the firm's global growth strategy.

Goodwin: Partners Ian Keefe And George Weavil Joining UK Private Equity Practice

By Amit Chowdhry ● May 1, 2024

Global law firm Goodwin announced that Ian Keefe and George Weavil will join the firm’s Private Equity practice as partners for the London office. Keefe focuses on pan-European and international private equity and M&A transactions. And his clients include corporations, institutional investors, alternative asset managers, founders, senior management teams, and portfolio companies.

LPL Brings In $415 Million Momentum Wealth Partners Team

By Amit Chowdhry ● May 1, 2024

LPL Financial announced that financial advisors Chris Mukoda, Brad Travis, Jr., CFP, and David Crouse joined LPL Financial’s broker-dealer, RIA, and custodial platforms by aligning with Momentum Wealth Partners, an existing firm supporting LPL-affiliated advisors. They reported serving about $415 million in advisory, brokerage, and retirement plan assets and joined LPL from PNC Investments.

4P-Pharma: €15 Million Raised To Develop Curative Therapies For Untreated Serious Diseases

By Amit Chowdhry ● May 1, 2024

4P-Pharma, a Lille-based clinical-stage startup studio focused on developing curative therapies for untreated serious diseases, announced that it has successfully secured €15 million in its second closing with participation from private investors.

Houlihan Lokey: Senior Hires Brought In For Technology Group

By Amit Chowdhry ● May 1, 2024

Global investment bank Houlihan Lokey announced that Ryan Lund has joined the firm’s global Technology Group as a Managing Director. Lund is based in Miami and has been appointed Co-Head of U.S. Technology alongside John Lambros and Jason Hill and Global Co-Head of Software with Sascha Pfeiffer.

Advisor360°: Mike Fanning Named As CEO

By Amit Chowdhry ● May 1, 2024

Shoreline Equity Partners Invests In Prime Meats

By Amit Chowdhry ● May 1, 2024

Shoreline Equity Partners, a lower-middle market private equity firm, has partnered with Prime Meats. Based in Duluth, Georgia, Prime Meats is a leading value-added protein processor and distributor offering beef, poultry, pork, dairy, seafood, and specialty products to independent restaurants, grocery stores, and butcher shops. The company focuses on Hispanic and traditional markets across 15 states.

Swap: E-Commerce Operating System Company Raises $9 Million

By Amit Chowdhry ● May 1, 2024

Swap, an e-commerce operating system that manages all operations for direct-to-consumer brands, announced a $9 million Series A led by QED Investors, with participation from Cherry Ventures, 9900 Capital, 2100 Ventures, and Ed Hallen (Co-Founder of Klaviyo).

Archives

DLA Piper Reveals 63 Partnership Promotions

Jones Day: Two Banking And Finance Partners Added To Australia Office

Flourish Ventures: Ravi Kaushik Named As Executive Director, Head of Asia Investments

ACORE Capital: Oversubscribed $1.4 Billion Commercial Real Estate Debt Fund Closed

Deerpath Capital: 10th Collateralized Loan Obligation Closed At $452.61 Million

Wealth Enhancement Group Adds $502 Million Lynch Retirement Investment Team

Credent Wealth Management Brings In Two New Advisor Firms

Mercer: $3.9 Billion In Commitments Closed For PIP VII

TaxBit: Tax And Accounting Compliance Solutions Company Raises Funding From In-Q-Tel

BioIntelligence Technologies: $5 Million Raised To Help Biotech Companies Maximize Performances

PCF Insurance Services: $400 Million In Incremental Debt Financing Closed

Raymond James: $125 Million Financial Advisor Sloane Fox Joins

Huntington National Bank: Melissa Holding Named As Director Of Wealth Management

Palistar Capital: Brittenay Banh Named Principal, Head of Investor Relations & Capital Formation

Trive Capital: Amy Wesley Joins As Global Head of Investor Relations

Blackstone: Dan Leiter Named As Head of International For Credit & Insurance

Granite Creek Invests In The District Communications Group

​​LPL: $190 Million Financial Advisor Justin Souma Returns

Shinkei: Commerical Fish Processing Technology Company Raises $6 Million

Focus Financial Partners: Michael Nathanson Named As CEO

Heartwood Partners Reveals New Managing Partners

Deloitte Acquiring Biosecurity Company Gryphon Scientific

Clifford Chance: 29 Lawyers Promoted To Partnership

Goodwin: Partners Ian Keefe And George Weavil Joining UK Private Equity Practice

LPL Brings In $415 Million Momentum Wealth Partners Team

4P-Pharma: €15 Million Raised To Develop Curative Therapies For Untreated Serious Diseases

Houlihan Lokey: Senior Hires Brought In For Technology Group

Advisor360°: Mike Fanning Named As CEO

Shoreline Equity Partners Invests In Prime Meats

Swap: E-Commerce Operating System Company Raises $9 Million

LPL: $190 Million Financial Advisor Justin Souma Returns