Waverly Advisors Acquires 9258 Wealth Management, LLC in $1 Billion Deal
| | | |

Waverly Advisors Acquires 9258 Wealth Management, LLC in $1 Billion Deal

Waverly Advisors, LLC, a federally registered investment adviser specializing in investment management, financial planning, and wealth management solutions, has acquired 9258 Wealth Management, LLC based in Cincinnati, Ohio. The partnership adds three Ohiobased office locations and $1 billion in assets under management to Waverlys portfolio. Founder Walt Lunsford brings his team of 24 professionals to…

Federated Hermes Premier Municipal Income Fund Announces Completion of Tender Offer for Issued Common Shares
| | |

Federated Hermes Premier Municipal Income Fund Announces Completion of Tender Offer for Issued Common Shares

Federated Hermes Premier Municipal Income Fund, a global leader in active, responsible investment management, has successfully completed its tender offer for 3,679,390 of its issued common shares. The offer, which was oversubscribed, received a total of 4,988,295 tendered shares from stockholders. The funding will be used to repurchase the maximum percentage of outstanding shares on…

Yakira Capital Management Urges Territorial Bancorp Board to Consider Blue Hill Acquisition Offer
| | |

Yakira Capital Management Urges Territorial Bancorp Board to Consider Blue Hill Acquisition Offer

Yakira Capital Management, an investment manager based in Westport, CT, has expressed significant concern over Territorial Bancorps pending merger with Hope Bancorp. Yakira is one of the largest shareholders of Territorial with 1.23% ownership. They have urged Territorials Board of Directors to consider an

VRGL Completes Strategic Fundraising Round for Client Acquisition and Investment Proposal Management Solution
| | |

VRGL Completes Strategic Fundraising Round for Client Acquisition and Investment Proposal Management Solution

VRGL, a Client Acquisition and Investment Proposal Management solution, has completed a strategic fundraising round led by existing investors FINTOP Capital and MissionOG, with significant support from Northwestern Mutual, Flyover Capital, Fin Capital, and other key industry insiders and friends of the firm. Founded in 2021 by pioneers of the institutional wealth management software industry,…

Waverly Advisors Acquires River Capital Advisors in Expansion Deal
| | |

Waverly Advisors Acquires River Capital Advisors in Expansion Deal

Waverly Advisors, LLC, a federally registered investment adviser specializing in investment management and wealth management solutions, has acquired River Capital Advisors, L.C., an investment advisory business based in Jacksonville, Florida. River Capital brings significant growth potential to Waverly and was founded in 1998 as a subsidiary of Smoak, Davis & Nixon, LLP. The acquisition of…

Miravast Completes Fundraise For Its Second Flagship Fund
| | |

Miravast Completes Fundraise For Its Second Flagship Fund

Miravast Asset Management LLC recently completed fundraising for Miravast ILS Credit Opportunities II LP with $346 million of fund commitments. The company is a vertically integrated investment manager specializing in underwriting longevity risk and investing in life settlements. The funding will be used to further their investment strategy and pursue additional opportunities in the longevity…

Bladex Closes US$500 Million Club Deal Long Term Facility for Grupo De Inversiones Suramericana
| | | |

Bladex Closes US$500 Million Club Deal Long Term Facility for Grupo De Inversiones Suramericana

Banco Latinoamericano de Comercio Exterior (Bladex) successfully closed a US$500 million Club Deal Long Term Facility for Grupo De Inversiones Suramericana, S.A. The funding will be used to finance the Public Tender Offer (OPA) launched by Grupo Sura for the acquisition of the remaining shares of Grupo Nutresa in Colombia. The transaction will lead to…

iM Global Partner Acquires Minority Stake in Trinity Street Asset Management
| | |

iM Global Partner Acquires Minority Stake in Trinity Street Asset Management

iM Global Partner (iMGP) has announced the acquisition of a noncontrolling minority stake in Londonbased investment boutique, Trinity Street Asset Management LLP. Trinity Street, founded in 2002, specializes in managing active Global and International equity portfolios with assets under management of US$8.6 billion as of March 31, 2024. The firm employs a disciplined, fundamental research…

CI Global Asset Management Announces Estimated Reinvested Distributions for ETF Mergers
| | |

CI Global Asset Management Announces Estimated Reinvested Distributions for ETF Mergers

CI Global Asset Management has announced estimated reinvested distributions in relation to the upcoming mergers of various ETFs and ETF Series of mutual funds. The mergers are set to take place around April 5, 2024, following approval at recent securityholder meetings. The Estimated Reinvested Distributions are planned to be reinvested on or about April 5,…

Starwood Capital Group Acquires 10.7% Equity Stake in ESR Group
| | |

Starwood Capital Group Acquires 10.7% Equity Stake in ESR Group

Starwood Capital Group, a global private investment firm, has announced the acquisition of a 10.7% equity stake in ESR Group, APAC’s largest real asset manager. The transaction was structured alongside ESR Co-Founders, Stuart Gibson and Charles de Portes. The funding will be used to support ESR’s focus on delivering for customers, shareholders, and capital partners….