Reverence Capital Partners Archives

TIAA Completes Sale of TIAA Bank; Bank Officially Returns to EverBank Brand Name

TIAA completed the sale of TIAA Bank to private investors with experience in financial services and will now officially begin operating once more as EverBank under a new national bank charter. Terms of the transaction are not being disclosed.

Obra Capital Provides DIP Financing to GWG Holdings

Obra Capital, a portfolio company of RedBird Capital Partners and Reverence Capital Partners, completed a super priority secured debtor-in-possession credit and security agreement for GWG Holdings, a financial services firm based in Dallas.

TIAA to Sell TIAA Bank to New Investors

TIAA entered into a definitive agreement to sell TIAA Bank to new investors with experience in financial services, including Stone Point Capital, Warburg Pincus, Reverence Capital Partners, Sixth Street and Bayview Asset Management.

Shapiro Joins Vida Capital as Managing Director

David Shapiro joined Vida Capital as managing director. In this role, Shapiro will be responsible for continuing to grow Vida’s alternative asset strategies across the capital spectrum and asset types.

July 19, 2022 David Gussmann | David Shapiro | RedBird Capital Partners | Reverence Capital Partners | Vida Capital Ian Koplin

Wells Fargo Asset Management to Change Name to Allspring Global Investments

Wells Fargo Asset Management’s closed-end funds will change their names to include the name Allspring, with the name change expected to go into effect on Oct. 11. Wells Fargo Asset Management will also change its name to Allspring Global Investments.

July 26, 2021 Allspring Global Investments | GTCR | Reverence Capital Partners | Wells Fargo Asset Management Ian Koplin

Wells Fargo Sells Asset Management Business to GTCR and Reverence Capital Partners for $2.1B

Wells Fargo entered into a definitive agreement to sell Wells Fargo Asset Management to GTCR and Reverence Capital Partners for $2.1 billion. The sale includes Wells Fargo’s business of acting as trustee to its collective investment trusts and all related Wells Fargo Asset Management legal entities.

Reverence Capital Provides $8.5M to Festival Transaction

Festival Transaction Services (FTS) announced it closed an $8.5 million investment led by Reverence Capital Partners.

January 2, 2014 Festival Transaction Services | Reverence Capital Partners ABF Journal

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