Private Equity Firm Gtcr Buys Assetmark
Rumors swirled for months that the TAMP and technology provider was up for sale. :
AssetMark Financial Holdings Inc. announced Thursday it agreed to be acquired by private equity firm GTCR. Stockholders of the turnkey asset management platform and technology provider will receive $35.25 per share in cash based on an equity valuation of $2.7 billion, according to a statement prepared by AssetMark. This grants GTCR full ownership of AssetMark, which the firm’s board of directors unanimously approved. Chicago-based GTCR invests in more than 280 companies across many industries and sectors.
Monex Bets Big On Crypto With 3iq Acquisition And Qmap Investment
Tokyo-based
financial services company Monex Group has completed its acquisition of a majority stake in 3iQ Digital Holdings, a Canadian crypto asset manager. The acquisition, initially announced in December 2023, has resulted in 3iQ and
its subsidiaries becoming part of the Monex Group. Monex Group Acquires
Majority Stake in Canadian Crypto Asset Manager 3iQTo support
3iQ's rapid business expansion, Monex Group has also invested $7.5 million in
3iQ's Managed Account Platform (QMAP). QMAP offers institutional investors
access to a diverse range of crypto hedge funds, featuring alpha-oriented
strategies tailored to meet the complex demands of global institutions.
Blue Owl Capital Hires Australia Future Fund's Deputy Chief Investment Officer Alicia Gregory
(marketscreener.com)
• Alicia to join as a Managing Director within Blue Owl's Institutional team based in Sydney
NEW YORK, April 23, 2024 /PRNewswire/ -- Blue Owl Capital Inc. , a leading alternative asset manager, announced today the hiring of Alicia Gregory as a Managing Director based in Sydney. Alicia brings over 25 years of investing...https://www.marketscreener.com/quote/stock/BLUE-OWL-CAPITAL-INC-116485496/news/Blue-Owl-Capital-Hires-Australia-Future-Fund-s-Deputy-Chief-Investment-Officer-Alicia-Gregory-46509360/?utm_medium=RSS&utm_content=20240423.
The Hot New Hedge Fund Of 2024 Has Been Hiring From Morgan Stanley & Jane Street
Jain Global, the hedge fund founded by Bobby Jain, the former Millennium co-chief investment officer, is still hiring ahead of its launch in July. Its latest portfolio management recruits include macro traders in Singapore and Frankfurt and a former trader from Jane Street in New York.Get Morning Coffee ☕ in your inbox. Sign up here.Jain's Frankfurt hire is Benedict Stoddart, who spent the past decade as a rates trader at Morgan Stanley in London and then Frankfurt from 2019. Stoddart, who is English, is returning to the UK for his role at Jain.
Schroders Capital Partners With Icapital To Widen Access To Semi-liquid Global Private Equity Strategy
Schroders Capital, a global private markets manager, and iCapital1, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, today announce a strategic partnership that enables Schroders Capital to broaden access to wealth managers for its semi-liquid global private equity strategy. Through this collaboration, Schroders Capital, which provides investors with a broad range of private markets investment opportunities, portfolio building blocks and customised strategies, will leverage iCapital’s cutting-edge technology platform and operating system to manage the investment and education experience at scale.
Fundpath Gains Further £2M Investment From Fuel Ventures
The second round of funding follows the £4m investment made in March 2023.:
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preferences and amend your account details Fundpath, the critical data and business intelligence service for the wealth and asset management industry, has completed a further £2m funding round with its venture capital partner, Fuel Ventures. The second round of funding follows the £4m investment made in March 2023, it said in a statement today (23 April).
Baron Real Estate Fund Q1 2024 Shareholder Letter
We are pleased to report that Consuelo Mack, a highly respected and distinguished business journalist, recently interviewed us and profiled Baron Real Estate Fund® (the Fund) in a TV interview for Consuelo Mack WealthTrack, that is set to broadcast in two half-hour segments on April 19, 2024, and April 26, 2024. We will attach a link to the interview on our Baron website homepage at baronfunds.com in the "News & Events" section at a later date. The Fund generated strong performance in the first quarter of 2024, gaining 8.28% (Institutional Shares).
Eighteen Capital Group Hires Jeff Pancone As Director Of Maintenance And Capital Projects
Eighteen Capital Group (18CG), a private equity firm focused on multi-family housing real estate, announced the hiring of Jeff Pancone as Director of Maintenance and Capital Projects. Mr. Pancone will conduct property analyses, identify areas for enhancement, and create long-term...
"the Top Tier People Are Not Going To Multistrategy Hedge Funds Now"
As we reported last month, the biggest multistrategy hedge funds hired over 1,600 new investment staff last year, with some of them on immensely generous pay packages. But the deeper we get into 2024, the more it seems that some people are getting cold feet about joining the big diversified hedge fund behemoths. Get Morning Coffee ☕ in your inbox. Sign up here. "Multistrats are good for some trading strategies but not for others," says one senior trader in an investment bank who's opted to take his skills somewhere more specialized instead.
The Weekly Notable Startup Funding Report: 4/22/24 – Alleywatch
The notable startup funding rounds for the week ending 4/20/24 featuring funding details for Ecotrak, Loft Labs, Two Chairs, and eleven other deals representing $529M in new funding that you need to know about.