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Stay ahead of the latest trends in wealth management, institutional investing, and private markets with Dakota’s daily newsletter — your go-to source for key updates on fund allocations, manager moves, and industry shifts.
Designed for investment sales professionals and fundraisers, we deliver the insights you need to navigate the evolving landscape, track major investor activity, and identify new opportunities.
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M&A and Investments
Modern Wealth Management acquired Kaye Capital ($700M), Aspen Standard Wealth acquired SKY Investment Group ($880M), Credent Wealth acquired TFG Advisors ($420M), and Carson Group acquired Aveo Capital ($608M). These deals highlight robust consolidation momentum in the RIA space, with major PE backing from Crestview Partners, Alpine Investors, and Bain Capital.
Advisor Moves
Bell Wealth Partners joined LPL, Robert DiBenedetto joined Homrich Berg, Skye Barry joined Carnegie Investment Counsel, and Bernard Reed launched Velorum Wealth Management under Sanctuary Wealth. Other notable moves include Paul Hess to Raymond James and Kevin Doyle's team to Janney Montgomery Scott. Leadership shifts at Osaic, Merrill Lynch, UBS, and Digital Wealth Partners were also reported.
Private Fund News
New Mountain Capital and Blackstone deepen secondaries strategies, with New Mountain seeking up to $2B and Blackstone expanding into private credit secondaries. Coller Capital's latest $6.8B fund and record $120B secondaries volume in 2024 reflect strong momentum. PE updates: Levine Leichtman closed a $3.6B fund, Exponent closed £900M, and OnePrime Capital raised $305M. VC moves include Cyberstarts' $300M Employee Liquidity Fund and Morgan Stanley's $280M VC fund. Star Mountain Capital launched a $500M credit secondaries fund.
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