Avant, one of the nation’s fastest growing marketplace lending platforms, announced today it has signed a definitive agreement related to a $325 million Series E equity finance round and expects to close the transaction in mid-October. The funding round is being led by global growth equity firm General Atlantic, with additional participation from Balyasny Asset Management and J.P. Morgan. Existing investors Tiger Global Management and August Capital are expected to participate in the financing round as well as RRE Ventures and DFJ Growth.
Two innovative, Chicago-based online brokerage firms OptionsHouse LLC, a subsidiary of PEAK6 Investments, L.P., and tradeMONSTER, a subsidiary of tradeMONSTER Group, Inc.today announced definitive agreements to combine under a new standalone company, creating a market leading brokerage for active traders and investors. The combination of OptionsHouse and tradeMONSTER will bring together two dynamic companies that offer customers fast, reliable execution, ease of use, and superior value delivered seamlessly across desktop and mobile devices.
Gene Lockhart, MasterCard’s Former Global CEO and President, Named Special Advisor to General Atlantic
General Atlantic ("GA"), a leading global growth equity firm, announced today that it has appointed Gene Lockhart as a Special Advisor. An executive and investor with significant experience across a wide range of businesses within the financial services industry, Mr. Lockhart will be working closely with GA’s Financial Services sector to identify new investment opportunities and provide strategic support for its portfolio companies.