- Andy Paterson has been named managing director and regional director at Glenmede, a wealth and investment management firm. Paterson will lead Glenmede’s strategy and business execution across the Pittsburgh region, overseeing a team of planning, fiduciary, and investment professionals, and he will focus on accelerating organic growth and deepening client relationships. Paterson will be based at the firm’s Pittsburgh office, and will be reporting to Adam Douberly, Glenmede’s director of regional markets. Prior to joining Glenmede, Paterson served as CEO of two single-family offices.
- Brian Haloossim has been tapped as president of Lido Advisors, and founding partner Ken Stern has been appointed to co-CEO. Haloossim will focus on bolstering Lido’s growth strategy, while strengthening its infrastructure. Stern joins co-CEO Jason Ozur and will remain on the investment committee.
- Seth Meyer has been appointed as president of Hercules Capital, a growth capital firm. Meyer, who has served as CFO since 2019, will assume his position on May 18, and will be reporting to the firm’s CEO Scott Bluestein, and will be responsible for overseeing the growth strategies, diversification and expansion of the Hercules platform. Succeeding Meyer, is Andrew Olson, who has rejoined Hercules Capital, after serving as COO, CFO and partner at Revelation Partners, a healthcare-focused secondary investment firm.
- Kimberly Papedis, president and co-founder of Fusion Financial Partners, has joined AdvizorStack’s advisory board. Papedis will play a role in shaping AdvizorStack’s platform strategy, technology roadmap, and product development. Papedis also will advise AdvizorStack on the development of AdvizorStation, the firm’s operating and intelligence platform. Fusion Financial Partners was founded in 2017 by Kimberly and Mike Papedis and has moved over $65B in assets under management to the independent space.
- Kevin Beardsley has been tapped to head Jito Foundation’s institutional growth division. Beardsley will be responsible for growing Jitos products and networks, including the Jito Staked SOL (JITOSOL), which has a market capitalization of roughly $888M. Before joining Jito Foundation, Beardsley served as COO of Ctrl Wallet, a digital cryptocurrency platform.
- Financial advisor Eric Westall has Osaic Wealth, through its office of supervisory jurisdiction, Innovative Financial Group. Westall, was previously affiliated with Stifel Independent Advisors, where he managed more than $250M in total client assets. Based in Chesterfield, Missouri, Westall serves high-net-worth clients and offers wealth management and advanced planning strategies. Westall chose Osaic and IFG for its planning tools and infrastructure.
- Sam Cari has been appointed as chief strategy officer of OnePoint BFG Wealth Partners. Cari will be responsible for leading the firm’s corporate strategy, overseeing advisory delivery functions, and spearheading M&A and growth initiatives. Cari will be based in the firm’s Minneapolis office and will be reporting to CEO and co-founder David Schwartz. Prior to joining OnePoint BFG, Cari served as chief legal officer and partner at NorthRock Partners.
- Brigid Peterson has been named director of Endowments and Foundations at Glenmede. Peterson will oversee the groups responsible for endowment and foundation investments, relationship management, and business development. She will also provide guidance for select foundations, endowments, and other nonprofit organizations. She will be reporting to CEO and president Peter Zuleba III. Prior to joining Glenmede, Peterson spent 16 years at Brown Advisory, and most recently served as head of the Endowments and Foundations.
- Churchill Asset Management has made several appointments. Michael Pond has joined the firm as managing director and senior investment strategist, Brett Graffy has joined as managing director and investment strategist and Peter Repetto has been tapped as principal and head of Research and Investment Insights. All three will report to vice chairman and chief investment strategist Randy Schwimmer. Pond and Graffy will serve as investment strategists within the Investor Solutions Group and Repetto will lead the firm’s research and investment insights division and will oversee the development wealth management and institutional audiences, support educational initiatives, and partner across investment, marketing, and distribution teams. Pond joined Churchill from BlackRock, where he served as lead strategist for the firm’s wealth-focused private debt offerings, Graffy previously worked at Aksia, where he partnered with global institutional clients on private markets portfolio strategy, construction, and related investment advisory and discretionary activities. Repetto joins from iCapital, where he was an investment strategist.
- SEI has partnered with Carlyle, an investment firm to expand its access to private market capabilities across wealth and retirement channels. Through the collaboration, both firms will support the development of private market solutions for wealth and retirement investors, including the design of model portfolios.
- Essential Properties Realty Trust, a real estate firm, has reported total revenues were $158.8M for its higher first‑quarter results, which ended March 31. The figure is up from $129.4M, which was reported a year earlier. The increase in revenue was mainly driven by portfolio growth and new investments.
- EMCAP Financial, an alternative asset manager, has launched a residential debt platform. The platform, which is led by Brendan DeTommaso, is actively deploying capital and is set to fund over $300M in loans for this year and more than $1B over the next two years. Before joining EMCAP Financial, DeTommaso previously served in a senior role at Fidelis Investors. EMCAP is backed by Smith Hill Capital, the commercial debt investment management unit of the Procaccianti Companies.
- Marsh McLennan’s management consulting arm Oliver Wyman will acquire CR3 Partners, a consulting firm. As part of the transaction, which is expected to close later this quarter, will broaden Oliver Wyman’s capabilities in restructuring, liquidity management, operational improvement, and crisis response. Following the acquisition, about 62 employees from CR3 Partners will transition to Oliver Wyman.
- Nevada-based Cornerstone Comprehensive Wealth Management has rebranded as Prime Capital Financial. The rebrand follows the acquisition of Cornerstone in 2023. Following the brand, clients will continue to receive all the same services, including technology and broader financial planning capabilities.
- Long Lake Management will be acquiring American Express Global Business Travel, which is operated by Global Business Travel Group, in an all-cash transaction valued at about $6.3B. Negotiations of the acquisition were led by a special committee of Amex GBT board of directors and the transaction is expected to close in the second half of this year. Additionally, following the closing of the deal, Amex GBT’s stock will no longer be publicly listed, and Amex GBT will become a privately held company.
- CAI, a professional services firm, has partnered with New York-based JLL Partners, a middle-market private equity firm, to support CAI’s expansion. This partnership will allow CAI to expand its global footprint, invest in various technologies, and enhance its offerings.
- GoQuant, a digital asset infrastructure provider, has launched GoCredit, a quote-based borrow/lend marketplace platform. GoCredit provides full lifecycle loan management, real-time yield analytics, and credit market data across digital assets. Additionally, the platform also supports live credit market rates across all tenors and provides liquidation proximity alerts and counterparty exposure tracking. GoCredit is currently available to institutional clients.
- Hazelview Investments, a real estate investment firm and Presima, a real estate asset manager, have partnered to create a combined platform, that’s aimed to enhance client service across the real estate securities sector. As part of the partnership, Hazelview will assume Presima’s investment management contracts, and Presimaprofessionals will join Hazelview’s global REIT team.
- Apollo Global Management has raised $1.9B in the closing round for Apollo Accord Fund VII. The fund focuses on targeting dislocated liquid credit during market volatility and seeks idiosyncratic and issuer-driven opportunities. Accord VII is the latest fund of Apollo’s flagship Accord Dislocation Series, which has raised $11.6B since 2017.
- Chicago-based Twin Bridge Capital Partners, a private equity firm, has raised $855M in the closing round for its Pacific Street Fund VI, exceeding its targeted goal of $800M. The funding will be used to continue expanding Twin Bridge’s investments in lower middle-market buyout funds and co-investments focused on North American companies. Fund VI will target investments in buyout funds with over $750M in investor commitments, and Twin Bridge plans to allocate between $25M and $35M for fund investments and between $10M and $20M for co-investments. The firm also plans to focus on the North American lower middle market, particularly companies with enterprise values ranging from approximately $150M to $500M.
- Miami-based Boyne Capital, a lower-middle-market private equity firm, has raised $355M in the closing round for its third investment fund, BCM Fund III, surpassing its targeted goal of $275M. The capital will go towards partnering with family and founder-owned companies. With the closing of Fund III, Boyne Capital has now raised over $725M in total commitments since its inception.
The post People & Company News, Week of May 8, 2026 appeared first on Connect Money.
