TLDR:
- Cerity Partners merges with Touchdown Ventures, a $1.5 billion VC firm.
- The merger will enhance Cerity’s offering to corporations and businesses.
Article Summary:
Cerity Partners is expanding its venture capital capabilities by merging with Touchdown Ventures. The merger will allow Cerity to offer ‘venture capital as a service’ and improve its services for private clients. Touchdown Ventures, managing around $1.5 billion in funds, will now operate as Cerity Partners Ventures. This move will increase Cerity’s presence in key growth markets like Philadelphia, Chicago, Los Angeles, and San Francisco. The CEO of Cerity Partners, Kurt Miscinski, expressed excitement about the partnership, highlighting Touchdown’s experienced team and shared commitment to outstanding service. In addition, Todd Cassler, a 20-year industry veteran, recently joined Cerity as the chief growth officer. Touchdown Ventures, founded a decade ago, will benefit from Cerity’s scale and experience to better serve startup entrepreneurs and their VC investors.
