People and Company News, Week of April 11, 2025
- Martyn Curragh has joined Warburg Pincus as senior advisor working within the firm’s technology and services practice. Curragh was CFO and head of portfolio strategy at PwC., where he played a key role in optimizing revenue, profitability growth and evolving the firm’s investment processes and operating model to drive efficiencies.
- Gabe Schulman and was promoted to partner by Lenox Advisors, Inc., an affiliate of NFP, an Aon company. Schulman has been with Lenox Advisors since 2011 and specializes in comprehensive estate, insurance and wealth management planning strategies. He services the firm’s high net worth clients and corporate clients. Prior to joining Lenox Advisors, Schulman served as a financial representative at the Northwestern Mutual Financial Network.
- Troy Davidson has been hired as a wealth advisor by Ballast Rock Private Wealth, an independently run RIA that provides holistic financial advice to accredited high-net-worth individuals. Davidson joins from Charles Schwab, where he oversaw $480M in AUM.
- Michael Girasole was also promoted by Lenox Advisors to managing director. Girasole joined Lenox Advisors in 2016 and is responsible for the growth and development of the firm’s East Coast offices in NYC, Baltimore, MD and Stamford, CT. Girasole also provides individual and corporate clients with wealth accumulation and preservation planning strategies. He previously worked for Empire Wealth Strategies; an office of Penn Mutual.
- Stephen Siderow, founder and managing principal of Siderofsky Strategic Advisors LLC, has been named to the advisory council of NewVest, an innovative alternative investment platform of passive index funds for private markets. Siderow, co-founder and former president of BlueMountain Capital Management, helped the firm grow to $23B in AUM across more than 300 professionals globally.
- Jeffrey Harris has been hired as head of M&A and partnerships by Soltis Investment Advisors, an RIA with more than $10 billion of client assets. Prior to Soltis, Harris served as AVP of M&A at Carson Group. He brings experience in sourcing and integrating advisory firms, contributing to organizational growth and enhanced client offerings.
- Wind Point Partners, a Chicago-based middle market private equity firm, has partnered with Sigma Companies International Corp. Founded in 1985, Sigma manufactures and supplies waterworks infrastructure products. Headquartered in Cream Ridge, NJ, Sigma operates an expansive North American network, utilizing 14 facilities to serve over 1,800 customer locations across the U.S. and Canada.
- Apollo Global Management has made a seven-figure investment, according to CoinDesk, in Plume, a blockchain platform for real-world assets. The Palo Alto, CA-based firm will use the funds to improve its infrastructure and bring more products “on-chain”. Terms of the funding were not disclosed. The company develops an Ethereum-compatible blockchain that turns real-world assets like carbon credits, collectables and certain financial instruments into usable tokens.
- Bain Capital has agreed to acquire healthcare software company HealthEdge for about $2.6B the Financial Times reported. Blackstone acquired HealthEdge in 2020 for $700M. Blackstone scaled the software giant through add-ons, including the acquisitions of Wellframe and Altruista Health
- Vincerx Pharma is winding down operations after two failed merger attempts. The company said it terminated a non-binding letter of intent to merge with Global Digital Holdings, conducting business as QumulusAI. QumulusAI planned to use the merger to publicly trade via Vincerx’s Nasdaq listing. An earlier merger effort with biotech company Oqory also fell through. Vincerx’s board has authorized the sale of assets and out-licensing of intellectual property.
- Nelson Mullins advised SmartStop Self Storage REIT, Inc. on its recently completed underwritten public offering of common stock and related initial listing on the New York Stock Exchange. The offering closed on April 3, 2025, with the company’s stock now trading under the ticker symbol “SMA”.
- KKR and Stonepeak Partners are buying British healthcare property company Assura for £1.61B (around $2.06B), after Assura rejected a lower bid from rival Primary Health Properties, Reuters reported. The all-cash offer values shares at 49.4 pence, a 33.5% premium over Assura’s price before the first bid was made public. Assura’s board plans to recommend the deal, which includes a dividend payout. Assura manages a portfolio of healthcare buildings across the UK with a focus on sustainability. PHP has until May 5 to make a formal counteroffer.
- KSL Capital Partners LLC has closed its latest tactical opportunities fund, KSL Capital Partners Tactical Opportunities II LP, with total capital commitments of $1.44B, including contributions from the general partner. The fund reached its hard cap, exceeding its initial $1B target. The firm specializes in travel and leisure enterprises in hospitality, recreation, clubs, real estate and travel services.
- RCP Advisors, a lower middle market private equity firm, closed its fifth direct co-investment fund at $994M, almost 25% higher than its $800M target. The Chicago-based fund will support investment with general partners raising funds between $100M and $1B and will make minority equity investments between $7.5M and $40M in their portfolio companies, which typically have enterprise values between $25M and $500M. RCP Advisors was founded in 2001 and is a subsidiary of P10, Inc. It manages almost $17B in assets.
- GEM, a provider of institutional investment services for endowments, foundations, sovereigns, families and other long-term investors, has closed its GEM IS Fund LP and related vehicles with $450M in commitments. The inaugural vintage, which set a $400M target, was oversubscribed. The firm seeks to build long-term partnerships with pre-fund sponsors who are raising capital on a deal-by-deal basis ahead of their first-time fundraise.
- AlpInvest Partners, a private equity investor and subsidiary of Carlyle, has raised $3.2B for AlpInvest Strategic Portfolio Finance Fund II, exceeding its initial target and more than tripling the size of its prior program, ASPF I. ASPF II provides financing services to private equity funds, GPs and LPs. It also pursues credit secondaries investments.
- Pantheon has closed a record $5.2B for Pantheon Senior Debt III and related vehicles, consisting of closed-end co-mingled funds, evergreen and rated insurance vehicles, and separately managed accounts. PSD III was oversubscribed and surpassed preceding fundraises. PSD III targets portfolios of senior secured, floating rate, primarily sponsor-backed investments across LP interests and GP services opportunities.
