Milt Capps reports that, as part of an ongoing push to grow its private-equity investments, the Tennessee Consolidated Retirement System recently committed $80 million to the latest fund being raised by big industry player Hellman & Friedman. It's not the first time the state has put its faith in Hellman & Friedman, which also has played a big role in notable deals involving local health care players Emdeon and AmSurg.
The team at investment reporting platform developer Wealth Access says it now aggregates $7 billion in assets for clients and is adding $600 million a month, more than double its 2013 growth pace. The Nashville-based company this spring wrapped up a funding round that pushed its total amount of money raised to more than $3 million.
“Next generation investors bring a different mindset and expectation to wealth management that has multiple technology touch points,” said Benskin. “Wealth Access, with its aggregation capabilities, multi-generational wealth views and collaboration platform can be the ideal solution for advisors looking to better serve their HNW clients and help them educate their children as to what they own, where their wealth is located, and how it all works together in one easy to understand view.”
Chad McCurdy has been booking some nice paper gains of late on his and his Marlin Capital Partners' stakes in Diversicare Healthcare Services, but that didn't stop him last week from spending almost $500,000 to snap up another 78,000 shares for various personal accounts. Combined, McCurdy's direct and indirect professional and personal holdings now total 22.7 percent of Diversicare. Shares of the Brentwood-based company (Ticker: DVCR) are up more than 40 percent so far this year.
POSTDATA: WARRANTY DEEDS