People & Company News, Week of August 29, 2025
- Josh Mackey has been appointed Director of Tech Lending by alternative asset manager Trinity Capital, based in San Francisco. Before joining Trinity, Mackey held various credit and origination roles at leading financial institutions, including Comerica Bank, Silicon Valley Bank, TriplePoint Capital, and Liquidity Group. Throughout his career, he has partnered with high-growth startups and established tech companies, delivering tailored debt solutions to support their strategic objectives.
- Matt Bennett was named partner by healthcare-focused middle-market investment firm Invidia Capital Management. Before joining Invidia, Bennett was a managing director and operating partner at New Mountain Capital, where he focused on growth transactions across a range of industries. Prior to New Mountain headquarters, he served as an executive leader of two New Mountain companies, CIOX Health (now Datavant) and Ikaria. He was CEO of CIOX from 2015-2016. Prior to CIOX, he held multiple executive roles at Ikaria (2007-2015) and served as EVP, global medical operations and CFO, in addition to other roles.
- Ivan Seda has been appointed EVP, Deputy CFO, by Columbia Bank, a subsidiary of Columbia Banking System, Inc. Before joining Columbia, he held several financial executive roles, including serving as CFO at Union Bank, as well as head of financial planning & analysis at MUFG Americas, where he guided the institution through transformative periods of growth. Most recently, Seda was Deputy CFO at BECU. In his new role, Seda will be responsible for advancing Columbia’s strategy, driving performance management and supporting the organization’s long-term growth objectives.
- Dave Nadig has been named President and Director of Research by ETF.com.Most recently, he served as financial futurist at VettaFi (formerly ETF Trends & ETF Database). His earlier leadership roles include CEO and managing director at ETF.com, director of ETFs at FactSet, and senior strategy positions at Barclays Global Investors, where he played a pivotal role in developing some of the industry’s earliest ETF products. ETF.com was recently acquired by Matt Middleton (Founder & CEO of Future Proof) and Anil D. Aggarwal (Founder and former CEO of Money20/20 & Fintech Meetup).
- Thomas Quek was hired as a managing director by Andersen. Quek brings extensive experience serving clients in the domestic and international real estate and private equity sectors, with a strategic approach to complex tax matters. He joins Andersen’s tax practice in San Francisco, where he will advise alternative investment funds on fund structuring, acquisitions, dispositions, and tax compliance. His expertise spans domestic and foreign partnership taxation, REITs, and structuring strategies for developers, tax-exempt entities, high-net-worth individuals, and foreign investors.
- Manny Trelles was also hired as a managing director by Andersen. Trelles is based in Orange County and joins the firm’s transaction advisory practice, focusing on structuring and optimization for real estate private equity funds, REITs, family offices, and high-net-worth individuals. His expertise includes inbound investment strategies, cross-border tax planning, partnership and REIT structuring, and tax accounting methods related to revenue recognition and expense acceleration.
- IPI Wealth Management announced the launch of its refreshed brand identity and redesigned website, MyIPIWealth.com. Together, these initiatives mark a step forward in the firm’s mission to empower independent financial professionals with the freedom, tools, and support they need to help clients achieve their goals.
- Advisor CRM, a CRM platform built for registered investment advisors, has launched its Gen AI Marketing Suite – tools for advisors to automate content creation, streamline marketing workflows, and strengthen client relationships. The Gen AI Marketing Suite includes Agents for generating Facebook and LinkedIn posts, marketing emails, client letters, press releases, and more—with new tools added weekly.
- Crescent Energy Co. has agreed to acquire Vital Energy Inc. in an all-stock transaction valued at approximately $3.1B, including Vital’s net debt. The deal will create a top 10 independent energy producer with a focused, free cash flow-driven strategy and scalable assets across premier basins including the Eagle Ford, Permian, and Uinta Basins. Post-merger, Crescent shareholders will own about 77% and Vital shareholders own the rest of the combined company.
- Altruist announced that Bone Fide Wealth, a NYC-based wealth manager with approximately $100M in assets, has joined its platform. Founded by Douglas Boneparth, Bone Fide Wealth serves “high-achieving” millennials and young families.
- Cenovus Energy announced it will acquire MEG Energy for $7.9B, including assumed debt. MEG shareholders will receive $27.25 per share, with 75% in cash and 25% in Cenovus stock. The deal has been unanimously approved by both boards and is expected to close in late 2025. The acquisition will consolidate Cenovus’s and MEG’s adjacent assets at Christina Lake, boosting combined oil sands output to more than 720,000 barrels per day. Executives says the integration will unlock previously stranded resources, make operations more efficient, and strengthen Cenovus’s position in Canada’s high‑quality oil sands basin.
- Keurig Dr Pepper will acquire European coffee producer JDE Peet’s in an all-cash deal valued at roughly $18B, marking one of the latest large-scale restructurings in the food and beverage sector. Once complete, Keurig plans to merge its coffee business, which includes its single-serve pod systems, with JDE Peet’s and then spin off the combined unit into a new standalone coffee company. The core beverage division, anchored by brands such as Dr Pepper, Snapple and 7UP, will remain separate.
- Bow River Capital, a Denver-based alternative asset manager, has acquired the asset-based financing business of Dallas-based Park Cities Asset Management, an asset manager focused on providing capital solutions to the lower middle market. The acquisition expands Bow River’s capabilities in private credit with the addition of a 12-person team and strategy focused on originating privately negotiated, non-traded loans typically with 2-3 year terms. Since its founding, Park Cities has deployed more than $2B across over 50 portfolio companies and distributed over $150M to investors.
- Atomic, an investing platform for fintechs and financial institutions, announced an additional $30 million in growth capital led by Aquiline, and Brewer Lane with participation from Intuit, Nationwide Ventures, Erie Strategic Ventures, Samsung Next, and Appia Ventures, as well as existing backers QED Investors, Anthemis, and Y Combinator. The financing will accelerate Atomic’s regulatory expansion and scale its platform across banks, insurers, fintechs, and consumer brands.
- Temasek subsidiary SeaTown Holdings completed the first close for its latest private credit fund with $612M in commitments from investors in the Middle East, Japan, Taiwan, and Singapore. SeaTown Private Credit Fund III will provide financing solutions to companies across Asia Pacific via a sector-agnostic approach. The investment team is aiming for a net return in the mid-teens and a double-digit distribution yield to investors. The firm now boasts $4B in assets under management across five funds.
- Axxes Capital, a private markets investment firm, announced the launch of the Axxes Opportunistic Credit Fund, an interval fund designed to offer investors exposure to opportunistic credit including stressed/distressed, special situations, structured credit, and hard assets. The Fund is sub-advised by Greywolf Capital Management, LP, a $3.3B credit-focused firm. The fund structure offers investment minimums of $25k, no capital calls, simplified 1099 tax reporting, liquidity through quarterly redemptions of 5% of the Fund’s NAV, daily NAV investing, and multiple share classes.
- Kiavi, a tech-enabled lender to residential real estate investors, announced the closing of a $400M rated securitization of residential transition loans (RTLs), its fifth rated securitization and 23rd transaction under its LHOME shelf, bringing its total to over $6.4B in offered notes since 2019.The offering was met with significant demand from a broad set of institutional investors, including five first-time investors, oversubscribing the deal by more than 5x its capacity. The offered notes were in A1, A2, M1, and M2 classes, which were all sold. The deal includes a two-year revolving period, allowing principal payoffs to be reinvested by purchasing additional newly originated loans, creating a projected $1.3B in additional funding capacity.
