FP&A Associate

Savant Wealth Management has secured a $270 million minority stake from Hamilton Lane. The investment allows early backer Cynosure Partners to provide liquidity to its original investors whilst remaining invested through a continuation vehicle. The Rockford, Illinois-based registered investment adviser has grown to over $57 billion in client assets since Cynosure's initial investment a decade ago. Chief executive Brent Brodeski noted the firm is now over 25 times larger than when Cynosure first invested. Hamilton Lane was the sole investor in Cynosure's continuation vehicle. Another early investor, Kelso & Company, will also remain as a minority investor, whilst Savant employees remain the largest shareholder group. In March, Savant completed its largest acquisition to date, purchasing a Massachusetts-based wealth manager with $3.9 billion in assets under management.

Revolut provides access to private market funds in Portugal. Link to leaders July 28, 2026 The fintech's customers will be able to access private market assets covering private equity, private credit, and private infrastructure, in formats designed for individual investors. Revolut announced that it is providing access to private market funds, bringing institutional-level investment opportunities to its customers in Portugal, starting July 31. The fintech has partnered with four blue-chip managers - Apollo, Ares, Hamilton Lane, and Partners Group - to offer a curated selection of funds on its platform, which "offers experienced and long-term investors an entry point into the expanding universe of private markets, allowing diversification in private equity, credit, and infrastructure through funds managed by four of the world's leading asset managers," it explains in a statement. "Private markets have long been the missing asset class in the common investor's portfolio - not due to lack of interest, but due to lack of access. By partnering with giants like Apollo, Ares, Hamilton Lane, and Partners Group, we are completely changing this dynamic," said Rolandas Juteika, Head of Wealth and Trading at Revolut. Through the distribution agreements with the aforementioned managers, Revolut users will now have access to selected private market funds managed by these companies. Globally trusted by pension funds, sovereign wealth funds, and institutional investors worldwide, these managers collectively oversee more than $2.8 trillion in assets under management and supervision. Each fund is subject to evaluation by Revolut's internal fund selection team, which analyzes the investment strategy, track record, operational resilience, and ability to navigate different market cycles. This process allows Revolut to offer a rigorously curated selection of funds on the platform. To provide this access, the funds on Revolut's platform are structured under the European ELTIF 2.0 (European Long-Term Investment Fund) framework. The platform offers access to permanent ELTIF 2.0 funds, designed to put capital to work from day one in an already active portfolio. These funds are specifically designed for long-term investors with a multi-year horizon who do not need immediate access to their capital, and investors should be prepared to hold their investment for the long term (an ELTIF should represent only a small portion of an investor's total investments). Revolut offers a diversified range of investment options directly in the app, including US and EEA stocks, ETFs, money market funds, bonds, Robo-Advisor, and CFDs. The platform is designed for all customer profiles, with options to set up automatic investment plans in ETFs with no commissions or use the Robo-Advisor to create and manage a suitable portfolio. It also has a web-based trading platform available for all customers. "This is not just about offering lower entry points; it's about giving our users the tools to build sophisticated, diversified, and resilient long-term portfolios. These funds have been intentionally structured for patient capital, aligning with the true nature of private assets, and we believe they will fundamentally democratize access to institutional private market investment strategies," concludes the Head of Wealth and Trading at Revolut.

Hamilton Lane board elects Michael Schmertzler as new independent director. by Released Private markets investment management firm Hamilton Lane has announced that its board of directors elected Michael Schmertzler as a new independent director, effective July 22. Schmertzler's appointment constitutes the fifth independent director to be named to the board, serving alongside the firm's three executive directors. Schmertzler brings extensive investment, corporate finance and governance experience to the HLNE Board. Since 1998, he has served as a lecturer and adjunct professor at Yale University in the Department of Economics and School of Management and during that time was also a visiting professor at Yale-NUS College Singapore. He serves as chairman and director of PTC Therapeutics, a publicly traded biotechnology company focused on treatments for rare genetic disorders. He is also chairman and a director of Berryville Holdings, which develops attribution and protection systems for the defense and intelligence community, and of Dispel, a provider of communication networks for operational technology. Schmertzler also serves as executive chairman of SHY Therapeutics and as a director of AgNovos, both biotechnology companies. He is also a charter trustee of Phillips Academy Andover. Schmertzler's prior investment and corporate finance experience includes serving as a post-bankruptcy independent director of Lehman Commercial Paper from 2012 to 2020. Earlier in his career, he was a managing director at Credit Suisse First Boston Equity Partners, serving in various roles including as chair of the investment committee from 1997 to 2014. Before that, he served as a managing director at Morgan Stanley and held senior roles including as president of Morgan Stanley Leveraged Capital Funds. He received a B.A. from Yale College in molecular biophysics and biochemistry, history, and city planning, and an M.B.A. from Harvard Business School.