- Frank Subasic has been named director of Janney Montgomery Scott’s new Coastal Carolina complex. The complex is designed to boost the firm’s presence across Aiken, Columbia, Florence, and Mt. Pleasant, South Carolina. Subasic will be responsible for overseeing the functions of 25 financial advisors across the region and will be reporting to Andy Kistler, Janney’s Southeast regional director. Prior to joining Janney, Subasic was an executive director and branch manager at Wells Fargo Advisors.
- Christopher Davis has joined Altus Equity Group, a real estate investment firm, as VP of asset management. Davis will lead Altus’ portfolio performance and asset strategy. Prior to joining Altus, Davis held senior roles at Bluerock Real Estate. Davis will be based at Altus’ office in Austin, Texas, to oversee the firm’s portfolio of assets throughout the Sunbelt.
- RIA Modera Wealth Management has made several executive appointments and promotions across the firm. James “Jim” Kipp was promoted to CFO and previously served as the director of finance. Kirsten Ly was promoted to CMO after joining the firm last year. Ly previously served as the director of marketing. Avik Bhattacharya has been tapped as Modera’s director of data solutions. Liz Skinner has been named Modera’s first director of communications.
- Jason Nelson has been tapped as VP of public relations at Trucordia, an insurance brokerage firm. In this new role, Nelson will focus on the firm’s PR strategy, media presence, community engagement, and brand. Prior to joining Trucordia, Nelson was a partner with Swell Media, an advertising agency, where he worked with Trucordia on several initiatives.
- Chris Flouhouse and Brendan Toulouse have been named managing director of real estate investment banking and head of real estate sales, respectively, for Cantor, the investment banking arm of Cantor Fitzgerald. Flouhouse will lead investment banking coverage across real estate sectors, and Toulouse will head Cantor’s real estate specialist sales efforts. Prior to joining Cantor Fitzgerald, Flouhouse served as EVP and CIO of Sila Realty Trust, a publicly traded healthcare REIT. Toulouse previously served as a managing director at Wells Fargo.
- Richard Lichtenstein has been named as an operating partner and head of data science and AI at Boston-based Berkshire Partners, a private equity firm. In this newly created role, Lichtenstein will lead Berkshire’s data science, advanced analytics, and generative AI efforts. As part of the addition, Berkshire has also promoted Limor Gultchin from VP of AI to director of data science and AI/ML. Gultchin will be partnering with Lichtenstein to scale the firm’s capabilities. Before joining Berkshire Partners, Lichtenstein served as a senior expert partner and chief data officer for private equity at Bain & Company.
- Candice Todd has joined QuadReal Property Group’s board of directors. Todd recently served as managing director and global CFO at Morgan Stanley’s real estate investments. Todd currently serves on the board of National Health Advisors as a financial expert and chairwoman of the audit committee. She also serves as a member of the audit committee at Highwoods Properties.
- Financial advisor Jamie Hatfield has joined Cetera Financial Group. Hatfield was previously affiliated with Commonwealth Financial Network, where he managed about $170M in assets under administration. Hatfield and his firm, Jamie Hatfield Wealth Management, have joined Cetera’s Summit Financial Networks. The practice includes financial advisor Ty Sauer and two wealth management assistants, Jennifer Goodridge and Meg Brinker. Hatfield moved to Cetera to preserve client experience and because of the need for broader capabilities and support.
- Following Blackstone’s Q4 2025 earnings, the investment firm has recorded $2.2B in distributable earnings, and for the year, Blackstone’s AUM grew 13% year-over-year to nearly $1.3T. Blackstone deployed $42.2B in Q4 and $138.2B for the full year, the firm said.
- ThriveCart, an automations provider, has launched ThrivePay Installments, a new payment method that is designed to combine pre-authorized credit card limits with short, medium, and long-term installment payments for customers who are seeking to finance their purchases. ThrivePay Installments enables consumers to pay over time using existing pre-authorized credit card limits, while merchants receive funds upfront.
- Fundrise, an alternative asset manager, has launched RealAI, a real estate intelligence platform. RealAI acts as an AI real estate analyst and delivers real-time data on rents, property financials, sales histories, demographics, and household financials across all U.S. residential properties.
- SLK Private Wealth Management, a wealth management firm that manages over $2B in AUM, has rebranded as Evolve Private Wealth. The firm provides “personalized” investment management, tax planning, retirement planning, insurance, education, and estate planning. SLK Private Wealth Management was founded by managing partners Glen Strauss, Jonathan Lewis, and EJ Kahn, alongside CIO and managing partner Razmig Der-Tavitian, and portfolio manager Hank Krakover.
- Focal, an AI-powered platform for financial advisors, has partnered with Shaping Wealth, a behavioral science-based wealth tech solutions platform. Through the partnership, Focal’sadvisors will gain access to Shaping Wealth’s research to accelerate client relationships and boost services.
- Financial Executives International, an organization for finance leaders, has joined Oracle’s NetSuite Associations and Buying Groups program. Through the program, FEI will gain access to NetSuite’s pricing and industry resources. As part of the NetSuite Associations and Buying Groups program, FEI will receive “technical and functional” support, including educational resources and customer success support.
- PPB Capital Partners, an alternative investment service provider, has enhanced the Private Investments Exchange, which is PPB’s technology platform. The enhancement allows financial advisors to monitor private market strategies. Starting in February, PIX will be transitioning to Delio, a technology provider. Delio provides financial institutions and investment firms with support to maintain control of their alternative investment capabilities.
- FLORA, an AI-powered startup, has raised $42M for its Series A funding round. The round was led by Redpoint Ventures, with participation from Vercel and Frame.io, alongside investors, including Mike Volpi, Menlo Ventures, a16z Games, Long Journey Ventures, Justin Kan, Cyan Banister, Matthew Hartman, and Gabe Whaley. The funding boosts FLORA’s total funding to $52M. FLORA is led by Weber Wong, a former Menlo Ventures investor.
- Pinegrove Opportunity Partners, a secondaries investor, raised $2.2B in the closing round for its inaugural fund, Pinegrove Opportunity Partners I, exceeding its targeted goal of $2B. The fund invests in mid-to-late-stage private technology companies by delivering liquidity and financing solutions to founders, management teams, venture firms, and their investors. Pinegrove Opportunity Partners, which was founded in 2023, is led by Brian Laibow, Prateek Bhide, and Gaurav Mathur and is backed by Sequoia Heritage and Brookfield Asset Management.
- Faropoint, a tech-based real estate investment firm, has received $273M in financing for Project Walk-Off, which is a 61-asset portfolio of light/infill industrial properties totaling nearly 3.5M square feet. The portfolio is currently 96% leased with a weighted average lease term of 3.8 years and is located across the Northeast, Southeast, and Midwest.
- Tree Line Capital Partners, a private credit asset management firm, has raised $1.1B in the closing round for its fourth flagship fund, Tree Line Direct Lending IV, which surpassed its targeted goal of $550M. Tree Line Capital Partners secured $724M in equity commitments in addition to $355M in leverage commitments. The fund is focused on lending to U.S. lower middle-market companies. The fund also drew a diverse group of limited partners representing seven countries across North America, Europe, and Asia.
- Boston-based Equality Asset Management, a private equity firm, has raised $575M in the closing round for its second fund, EAM Private Equity Partners II. The capital for Fund II will be used to continue fueling EAM’s investment strategy in enterprise software companies. The fund is designed to help portfolio companies bolster their growth, expand capabilities, and provide support for various transactions.
- New York-based Visitt, an AI-powered CRE property operations platform, has raised $22M for its Series B funding round. The round was led by Susquehanna Growth Equity, with participation from existing investors Vertex Ventures Israel, Anfield, and Sarona Ventures. Visitt will use the funding to bolster its product innovation, expand AI agents across property operations workflows, and scale its onboarding capabilities.
- California-based Pasadena Private Lending, a private credit firm, has partnered with Eagle Point Credit Management, a private credit investment manager, with a total capital commitment of $105M. Pasadena Private Lending’s investment in Eagle Point will enable the firm to deploy capital to better support borrowers.
- Propy, an AI-powered real estate solutions provider, has secured a $100M credit facility from Metropolitan Partners Group to finance an AI-led consolidation of title and escrow companies. Propy aims to build a closing platform and reduce the costs of residential real estate transactions. Additionally, Propy has launched an AI agent that’s designed to monitor emails, open transactions, check bank accounts, and direct calls to lenders and homeowners associations. Propy also plans to acquire firms generating $5M to $20M in annual revenue across California, Texas, Tennessee, and other states.
The post People & Company News, Week of January 30, 2026 appeared first on Connect Money.
