Cerity Partners Merges with Touchdown Ventures for Growth
Cerity Partners Expands Services with Touchdown Ventures Merger
Cerity Partners is embarking on a significant enhancement of its offerings through the merger with Touchdown Ventures, a prominent firm recognized for its advisory expertise in corporate venture programs. This strategic move aims to elevate the capabilities of Cerity Partners in the realm of venture capital, paving the way for innovative service delivery to corporations and businesses.
Enhanced Venture Capital Solutions
The merger will enable Cerity Partners to introduce a unique service known as Venture Capital-as-a-Service (VCaaS). This innovative approach is designed to unlock pathways to external innovation, allowing businesses to craft tailored venture capital solutions that meet their specific needs. By integrating Touchdown Ventures into its operations, Cerity Partners is expected to broaden its portfolio, fostering access to promising startups and enhancing services offered to private clients.
Strategic Growth and Innovation
As Cerity Partners continues to grow, the addition of Touchdown Ventures is particularly timely. Kurt Miscinski, CEO of Cerity Partners, expressed enthusiasm about the partnership, stating that the merger represents a pivotal moment for the firm. With access to top-tier VC professionals and a shared commitment to fiduciary excellence, the integration is being hailed as a significant step forward.
Complementing Corporate Needs
David Horowitz, CEO of Touchdown Ventures, emphasized the merger's potential to amplify their capacity to provide exceptional venture capital services. He believes that the partnership reinforces their team's commitment to ongoing innovation and service excellence. The union will enhance the ability of both firms to fulfill the needs of corporations seeking to tap into the benefits of venture capital.
Building Stronger Networks
Touchdown Ventures brings substantial expertise to the table, managing $1.5 billion in committed and invested funds. Their focus has always been on delivering advisory services that help corporations access forward-thinking innovations. The merger promises to bolster their existing capabilities and create a stronger network for startup entrepreneurs and their investors.
Shared Values and Vision
Both Cerity Partners and Touchdown Ventures are defined by their dedication to training and development. Scott Lenet, President of Touchdown, stated that joining forces will enhance their ability to mentor and educate emerging private market investors. Their collaborative efforts are poised to set new standards in the industry.
Expanding Entrepreneurial Support
Rich Grant, Managing Director at Touchdown, highlighted the potential to provide added value to startup companies beyond merely financial investment. Through the merger, they can offer essential resources, mentorship, and strategic guidance that are vital for startup growth.
About Cerity Partners
Founded in 2009, Cerity Partners is a recognized wealth management firm committed to serving high-net-worth individuals, families, businesses, and nonprofit organizations. Famed for its comprehensive services, Cerity Partners strives to enhance client experiences and achieve significant financial growth goals.
About Touchdown Ventures
Touchdown Ventures, established in 2014, works with leading corporations to set up and manage successful venture capital programs. Their commitment to fostering innovation has made them a crucial partner for organizations seeking to navigate the venture capital landscape effectively.
Frequently Asked Questions
What is the significance of the merger between Cerity Partners and Touchdown Ventures?
The merger enhances Cerity Partners' capabilities in venture capital, allowing for innovative services and broader access to external innovation.
What new services will be offered through this merger?
The merger introduces Venture Capital-as-a-Service (VCaaS), aimed at providing tailored venture capital solutions to corporations.
How does this merger impact Cerity Partners' clients?
This partnership will allow Cerity Partners to access innovative startups and enhance their offerings to both corporate and private clients.
What expertise does Touchdown Ventures bring to the merger?
Touchdown Ventures specializes in providing advisory services for venture capital programs and manages $1.5 billion in funds, enhancing Cerity Partners' advisory capacity.
What common values do Cerity Partners and Touchdown Ventures share?
Both firms prioritize training, development, and a fiduciary commitment to delivering exceptional service to their clients.
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