Tocqueville Asset Management Adds Poplar Forest Capital Team

BlackRock Acquires ElmTree Funds

September 2, 2025

Financial Services

BlackRock, Inc. has completed its acquisition of ElmTree Funds, adding the real-estate private equity firm to BlackRock's Private Financing Solutions (PFS) platform. ElmTree — a St. Louis–based specialist in commercial net-lease and build-to-suit industrial properties — will continue to be led by James Koman and is expected to expand PFS's capabilities to offer long-dated contractual income solutions to investors.

F.L.Putnam Acquires Arbor Capital, Four Ponds Financial Planning, and Ascension Asset Management

July 25, 2024

Financial Services

F.L.Putnam Investment Management Company acquired three independent registered investment advisors — Arbor Capital Management (Amherst, NY), Four Ponds Financial Planning (Mashpee, MA), and Ascension Asset Management (New York, NY) — in transactions that closed June 30, 2024. The deals add more than $1.25 billion of AUM, roughly 10 new advisors, two new offices (Western New York and Cape Cod), and expand F.L.Putnam's financial planning and investment management capabilities across the East Coast.

TA Associates Makes Strategic Growth Investment in Caprock

September 28, 2021

Wealth Management

TA Associates has signed a definitive agreement to make a strategic growth investment in Caprock, a privately owned multi-family office. Financial terms were not disclosed; TA will partner with Caprock to scale the firm's platform and solution set, and TA principals Clara Jackson and Roy Burns will join Caprock's board.

Polar Asset Management Partners Acquires Castlefield Associates

May 15, 2025

Financial Services

Toronto-based Polar Asset Management Partners has acquired Castlefield Associates, a Toronto quantitative relative-value futures hedge fund manager founded in 2019 by Chris Schindler. The deal brings Castlefield’s systematic relative-value strategy and team onto Polar’s platform as Polar looks to build a new systematic strategy vertical complementary to its existing multi-strategy offerings.

Evernest Acquires Poplar Homes; Secures $15M Led by LL Funds

January 22, 2025

Real Estate

Evernest, a national tech-enabled property management operator, has acquired Cupertino-based Poplar Homes and secured $15 million in strategic funding led by LL Funds. The deal expands Evernest's footprint into six new states (including West Coast markets), growing its managed portfolio to roughly 23,000 units and integrating Poplar-owned assets such as Zendoor and select 33 Realty property-management operations into its platform.

Apella Wealth Acquires Park Piedmont Advisors

August 29, 2025

Financial Services

Apella Wealth has acquired Park Piedmont Advisors, a fee-only advisory firm led by brothers Nick and Tom Levinson, adding over $1 billion in AUM and establishing Apella’s presence in Chicago. The deal is an add-on to Apella’s platform (which is partnered with Wealth Partners Capital Group) and expands Apella’s national footprint and resources for Park Piedmont’s clients.