iSTOX Secures Funding Of USD 5 Million From Korea’s Hanwha Asset Management

Next-generation capital markets platform iSTOX has secured a USD 5 million investment from Hanwha Asset Management, South Korea’s leading comprehensive asset management company. The Korean financial leader’s investment in iSTOX follows similar partnerships with Thailand’s Kiatnakin Phatra Financial Group and Japan’s Tokai Tokyo Financial Holdings. Other key shareholders of iSTOX include Singapore Exchange (SGX), Asia’s leading international multi-asset exchange and Heliconia, a subsidiary of Temasek Holdings focused on investing in fast growing companies. “As iSTOX continues to grow, our relationships with partners like Hanwha are allowing us...

YieldStreet and Citi Announce Strategic Partnership to Deliver Access to Private Credit Opportunities

YieldStreet, the digital wealth management platform, today announced a strategic partnership with Citi to access investment opportunities across private credit markets, including Real Estate, Aviation, Shipping, Telecommunications, as well as other structured credit products. Access to additional scale will enable YieldStreet to respond to the demand it is seeing from the individual retail investor community for access to its products. Since its founding in 2015, YieldStreet has originated more than $1.2 billion of investment opportunities,...

Envestnet and Dynasty Financial Partners Announce Plans to Launch Advisor Services Exchange

Envestnet, Inc. (NYSE: ENV) today announced it is joining forces with Dynasty Financial Partners to launch the Advisor Services Exchange (ASx), which will offer financial advisors using Envestnet’s platforms an enhanced set of tools and services to help build and grow their businesses. “We’re excited to provide Envestnet clients access to services that help them meet the growing demands of managing their businesses — so they can focus on helping their clients achieve financial wellness,” said Aaron Bauer,...

Frontenac Announces Acquisition of Prime Technology Group

Frontenac, a Chicago-based private equity firm, today announced the acquisition of Prime Technology Group (“Prime”, or the “Company”), a leading provider of outsourced application development and managed software solutions for complex, highly regulated industries from Renovus Capital Partners (“Renovus”). Financial terms of the transaction were not disclosed. Headquartered in Wayne, PA, Prime is a global technology services company with innovation at its core. The Company partners with its clients to develop and deliver cutting edge...

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