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William Blair Expanding Philadelphia Office With Addition Of Fernberger Wealth Management

By Amit Chowdhry ● May 20, 2024

William Blair, a premier global boutique with expertise in investment banking, investment management, and private wealth management, announced the expansion of its Private Wealth Management presence in Philadelphia with the addition of Fernberger Wealth Management. This team is led by managing director, wealth advisor James Fernberger, and includes Alex Fernberger and Zach Fernberger, also joining as managing directors, wealth advisors. The group was most recently with Raymond James where they had $1.2 billion in client assets.

Rev1 Ventures: $6 Million FVFII Closed To Support Central Ohio Companies

By Amit Chowdhry ● May 20, 2024

Rev1 Ventures, a venture studio that helps entrepreneurs and corporations accelerate innovation, announced it is launching the Future Value Fund II (FVFII), a $6 million pre-seed and seed capital fund to support Central Ohio companies, focusing on tech companies underserved by venture capital. Rev1 Ventures is providing $3 million in private investment, which is being matched by the Ohio Department of Development State Small Business Credit Initiative (SSBCI) Ohio Early Stage Focus Fund Program.

Patron Capital: Over €860 Million Raised For Seventh Fund

By Amit Chowdhry ● May 20, 2024

Patron Capital, a pan-European institutional investor focused on property-backed investments, has closed its seventh flagship fund at over $920 million, including more than $215 million of Patron discretionary co-investment capital for more significant opportunities.

BayPine Names Migo Terjanian As Partner And Head Of IR

By Amit Chowdhry ● May 20, 2024

BayPine LP, a private investment firm that drives digital transformation in market-leading businesses, announced the appointment of Migo Terjanian as a Partner and Head of Investor Relations. In this role, Terjanian will lead the firm’s fundraising efforts and deepen and expand BayPine’s relationships with the global institutional investment community.

Coder: The Story Behind This Rapidly Growing Browser-Based Cloud Development Company

By Amit Chowdhry ● May 20, 2024

Coder is a company that has completely transformed software development with its browser-based cloud development environment (CDE). Pulse 2.0 interviewed Coder CEO Rob Whiteley to learn more about the company.

Progentos Therapeutics: $65 Million Raised To Address Unmet Needs To Regenerate Myelin And Restore Function For Patients With MS

By Amit Chowdhry ● May 20, 2024

Progentos Therapeutics, a biotechnology company addressing the unmet need to regenerate myelin and restore function for patients with Multiple Sclerosis (MS) and other demyelinating diseases, announced its launch and the closing of a $65 million series A round. This funding round will enable Progentos to advance its MS program through human proof-of-concept studies and expand its pipeline in additional degenerative diseases.

Edelman Financial: $453 Million Soundmark Wealth Management Team Acquired

By Amit Chowdhry ● May 20, 2024

Edelman Financial Engines (EFE), a top independent wealth planning and workplace investment advisory firm, announced the acquisition of Soundmark Wealth Management. Based in Kirkland, Washington, Soundmark is an investment advisory firm managing more than $453 million in assets for over 250 households.

CalSTRS: Scott Chan Named As Chief Investment Officer

By Amit Chowdhry ● May 20, 2024

The California State Teachers' Retirement System (the world's largest educator-only pension fund) announced the selection of Scott Chan as chief investment officer (CIO).

Switchboard Health: $6.5 Million Secured To Help Deliver Value-Based Specialty Care

By Amit Chowdhry ● May 20, 2024

Switchboard Health, the creator of a high-value specialty care network and software platform, announced it secured $6.5 million in series seed funding. First Trust Capital Partners’ investment led the round, with participation from founding investor Route 66 Ventures, InnovateHealth Ventures, Capital Eleven, and Ikigai Growth Partners.

Cardinal Point Merging With GAVIN Hockey Wealth Specialists

By Amit Chowdhry ● May 20, 2024

Cardinal Point Wealth Management, an independent cross-border wealth management firm with offices in the US and Canada, announced that GMG Private Counsel ULC (part of the GAVIN Hockey Wealth Specialists group) will combine with CPWM on or about June 1, 2024 to provide expanded financial planning, wealth management, investment and related services to active and retired professional athletes through CPWM.

97212 Ventures: $20 Million Fund Closed To Help Israeli Tech Founders Grow Businesses

By Amit Chowdhry ● May 20, 2024

97212 Ventures, a NY next-generation VC and day-one partner for Israeli founders, announced the closing of a $20 million fund focused on investing in new Israeli pre-seed and seed startups, providing them instant access to a pool of rich New York resources to grow their businesses including key senior advisors, early customers and channel partners, paving the way to US product-market fit and early growth.

Chapter: Medicare Navigation Platform Company Raises $50 Million

By Amit Chowdhry ● May 20, 2024

Chapter, a rapidly growing Medicare navigation platform, announced that it raised $50 million in Series C funding, led by XYZ Venture Capital and with participation from existing investors Narya Capital, Addition, Susa Ventures, and Maverick Ventures.

RCP Fund XVIII: About $285 Million In Aggregate Capital Commitments Closed

By Amit Chowdhry ● May 20, 2024

RCP Advisors, a private equity investment firm that offers access to North American small buyout fund managers through primary funds, secondary funds, and co-investment funds, announced the final closing of RCP Fund XVIII. This fund closed on about $285 million in aggregate commitments.

Plainsight Technologies: Offering Computer Vision For A Wide Variety Of Business Use Cases To Make Custom AI Models Easier

By Amit Chowdhry ● May 20, 2024

Plainsight Technologies provides computer vision for a wide variety of business use cases in the form of applications called Vision Intelligence Filters. Pulse 2.0 interviewed the newly appointed CEO, Kit Merker, to learn more about the company.

FalconPoint Partners: Over $250 Million Invested In JENNMAR

By Amit Chowdhry ● May 20, 2024

FalconPoint Partners, a PE firm focused on investing in North American middle market companies in the business services and industrials sectors, announced its inaugural investment in JENNMAR, a leading global provider of infrastructure products and specialized services to the civil infrastructure, solar, mining, and construction industries. JENNMAR will continue to be led by CEO Tony Calandra and the rest of its management team. FalconPoint has invested and committed in excess of $250 million of equity to support the JENNMAR’s expansion and global growth.

Garnett Station Partners Names Jordan Garay As Partner

By Amit Chowdhry ● May 20, 2024

Garnett Station Partners, a NY-based principal investment firm managing over $2.3 billion in assets, announced the promotion of Jordan Garay to Partner. Since joining Garnett Station in 2016 as an Associate, Garay has been integral to the firm’s growth and value creation.

Principal Buying ESOP Business From Ascensus

By Amit Chowdhry ● May 20, 2024

Principal Financial Group announced a definitive agreement with Ascensus to acquire its employee stock ownership plan (ESOP) business. At the deal's closing, Principal will add about 800 plans and over 165,000 participants to its workplace savings and retirement solutions business, which ranks as the number one ESOP service provider in the U.S.

Battery Ventures: C$150 Million Acquisition Of TrueContext Completed

By Amit Chowdhry ● May 20, 2024

Battery Ventures announced it has closed its take-private acquisition of field-service workflow company TrueContext (formerly known as ProntoForms). The Canadian software company was delisted from the TSX Venture Exchange yesterday after Battery acquired all of the issued and outstanding common shares for C$1.07 per share, valuing TrueContext at approximately C$150 million.

Iberdrola Buying The Rest Of Avangrid For $2.6 Billion

By Amit Chowdhry ● May 20, 2024

Avangrid, a leading sustainable energy company and member of the group of companies controlled by Iberdrola, S.A., announced that it has entered into a definitive agreement under which Iberdrola will acquire the remaining 18.4% of the issued and outstanding shares of common stock of Avangrid that it does not currently own for $35.75 per share in an all-cash transaction.

White & Case: Emmanuel Gutton Named As Partner In Luxembourg

By Amit Chowdhry ● May 20, 2024

Global law firm White & Case LLP has added funds partner Emmanuel Gutton in Luxembourg. Gutton advises on the creation, structuring, and conversion of funds across a wide range of asset classes, including private equity and real estate. He also assists in setting up and advising investment fund managers.

Jolt Capital: Meriem Smida Named As Managing Director UK

By Amit Chowdhry ● May 20, 2024

Jolt Capital, a leading private equity firm specializing in European growth deep technology, announced the appointment of Meriem Smida as Managing Director UK.

Avantax Acquiring $400 Million Wealth Management Firm GA Investment Management

By Amit Chowdhry ● May 20, 2024

Avantax, a tax-focused financial planning and wealth management leader, announced it has acquired GA Investment Management (GA). This Pennsylvania-based wealth management firm was not previously affiliated with Avantax. Since closing the acquisition, $400 million in GA client assets have been onboarded to the Avantax platform, and 10 GA employees are now W-2 employees of Avantax.

Cleary Gottlieb: Alexander Van Der Gaag And Joanna Roberts Join London Office

By Amit Chowdhry ● May 20, 2024

Cleary Gottlieb announced the arrival of Alexander van der Gaag and Joanna Roberts, who are joining the firm’s London office.

Cetera Reveals Multiple Key Hires In Advisory Business

By Amit Chowdhry ● May 20, 2024

Cetera Financial Group, a premier financial advisor Wealth Hub, announced that it has expanded its investment in advisory solutions with several key hires.

Paul, Weiss: M&A Partner Chelsea Darnell Joins Firm In New York

By Amit Chowdhry ● May 20, 2024

Paul, Weiss, Rifkind, Wharton & Garrison LLP announced that Chelsea N. Darnell has joined the firm as a partner in the Mergers & Acquisitions practice in the Corporate Department, resident in New York. Darnell advises public and private companies and private equity firms on M&A, corporate governance matters, and activism defense issues.

Concurrent Brings In $500 Million Advisory Team

By Amit Chowdhry ● May 20, 2024

Multi-custodial hybrid RIA Concurrent Investment Advisors announced it welcomed The Wealth Stewards to its growing network of aligned independent financial advisory firms. Jeff Breese and Brent Mekosh, managing partners of The Wealth Stewards, have merged their two Arizona-based practices to move to the Concurrent platform. And they chose Concurrent to provide operational support and growth capital as their team of nine professionals enters the RIA space.

Cheetah Technologies: Restaurant Supply Tech Company Raises $14 Million

By Amit Chowdhry ● May 20, 2024

Cheetah Technologies, a restaurant supply technology and food distribution innovator, announced the appointment of their new CEO Kim Spalding. In the last few months, Spalding and the Cheetah board collaborated on an additional $14 million funding round, focused on the continued development and scaling of the company's technology platform.

Fairgen: $8 Million Secured To Generate Accurate AI Responses To Surveys

By Amit Chowdhry ● May 20, 2024

Fairgen, a company generating accurate AI responses to surveys, announced it had raised $8 million to date in Seed funding, led by Maverick Ventures Israel, with participation from Tal Ventures, IGNIA, and Creator Fund to move consumer insights into the AI era. And the company is launching FairBoost, its flagship solution that doubles the size of under-sampled segments using predictive synthetic responses.

Attovia Therapeutics: $105 Million Raised To Create A Pipeline Of Biotherapeutics With A Focus On Immune-Mediated Diseases

By Amit Chowdhry ● May 20, 2024

Attovia Therapeutics announced the closing of a $105 million oversubscribed Series B financing, bringing the total funding raised by the company since its launch in June 2023 to $165 million. The proceeds from the financing will be used to advance the Company’s lead programs ATTO-1310 and ATTO-002 through initial clinical data readouts, expand the company’s immunology and inflammation pipeline, and further develop the Attobody platform.

Raymond James: $900 Million Advisor Team Brought Into Florida

By Amit Chowdhry ● May 20, 2024

Raymond James’ Florida regional director for the firm's employee advisor channel Raymond James & Associates (RJA), Tim Killgoar, announced that they have welcomed the team of four financial advisors and three branch professionals at Lelekis, Ellis, Kilczewski Private Wealth Management Group of Raymond James to RJA in St. Petersburg, Florida.