Mubadala Capital, which manages $27 billion in assets, will take a 42% stake in Silver Rock Financial, which manages $10 billion in assets.
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The deal expands Mubadala Capital’s reach in the US while giving CI Financial additional backing after years of snapping up RIAs.
With Donald Trump set to return to the White House, the crypto industry has transformed into a major DC power player.
BlackRock is acquiring HPS Investment Partners in a deal that could increase its private assets under management to $600 billion.
The future of American financial technology is being able to do transactions, trades, and payments in one spot, Baldwin said.