T5 Equity Partners has participated in a $3.5M Seed round for Faura, a startup firm that helps insurance firms identify houses and businesses in disaster regions, after the recent wildfires in L.A.
Spain-based Wallbox, an EV charging and energy manufacturing solutions company, has raised $10M in a Post-IPO Equity round with investments from Ribera's family office, Orilla Asset Management
With participation from Nima Capital, San Francisco-based Archipelo, a cybersecurity startup, has announced they have raised $12M in a Venture round
In a Series A funding round, Vermillio, an AI licensing and protection platform, has raised $16M with backing from Michael Pucker and Gigi Pritzker's family office Source: FINTRX Data
M&A Activity Tracker 🚨
Marking its second acquisition of 2025, Prime Capital has purchased SineCera Capital, a $1.6B Austin, TX-based RIA, while simultaneously launching a family office
Focus Financial Partnershas merged its partner firm, Dorchester Wealth Management, into its Canadian hub, Cardinal Point, increasing the hub’s assets under management to CAD $5.1B
Adding in a $1.2B advisor team with advisors previously at Choreo, Compound Planning has now grown to $3B in client assets
Formerly known as Miracle Mile Advisors, Composition Wealth, has acquired two Seattle- based RIAs, Vinoble Group and Unionview Wealth Partners, bringing in $930M
New Launch
After 11 years at J.P. Morgan, where he co-led a $10.4B team, Evan Troop launchedTroop Capital Managementwith plans for a hedge fund later this year
Troop partnered with MSH Capital and its affiliated brokerage, M.S. Howells & Co., which oversees $1.1B in assets
He considered Dynasty, NewEdge, and Steward but opted for MSH due to its ability to serve municipalities, corporations, and his future hedge fund
Troop plans to scale his firm into a major wealth management player, leveraging his experience from one of J.P. Morgan’s top-producing teams Source: Wealth Management
Evan Toop
Founder & CIO
Reps On the Move
Joining from Spartan Risk Solutions, Bruce Stewart has joined $7.2B Robertson Stephens to lead their new family office(Citywire)
Allison Kvikstad, former Ellevest advisor, has joined Beacon Pointe Advisors as Managing Partner and Director focusing on managing wealth for high-net-worth women(Wealth Management)
After leaving as global head of multi-asset at BNP, Maya Bhandari has been appointed CIO of Neuberger Berman, focusing on the EMEA region(Citywire)
Leading The Zelniker Dorfman Carr & Heritage Group at UBS, Peter Dorfman and Mike Carr have been promoted to Managing Directors(Business Wire)
Allison Kvikstad
Partner and Managing Director at Beacon Pointe Advisors
Private Equity’s Golden Era Fades as Unsold Deals Pile Up
Private equity’s decades-long growth streak has come to an end, with assets under management falling for the first time since Bain & Co. began tracking the industry in 2005. As of mid-2023, buyout firms oversaw $4.7 trillion, down 2% from the prior year, reflecting a sector-wide slowdown driven by a $3 trillion backlog of unsold assets. Fundraising has slumped as private equity groups struggle to exit investments and return capital to investors, forcing pension funds and endowments to scale back commitments. Distributions as a percentage of net assets hit a decade-low of 11% in 2024, squeezing liquidity-starved investors. With deal exits lagging and a growing preference for fee-light co-investments, traditional buyout firms face a multi-year challenge in replenishing capital. As Blackstone and Apollo push lower-fee evergreen funds, the industry’s lucrative fee model is also under pressure. Bain’s outlook suggests the private equity reset won’t be a quick fix.
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