The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

Seligman Investments
Seligman Investments, the Silicon Valley-based technology investor led by chief investment officer Paul Wick, said yesterday that it has launched Seligman Ventures, a new venture capital arm. 

The VC business will invest in early-stage to pre-IPO technology companies in the AI and cloud infrastructure, cybersecurity, and modern data-center hardware areas. 

Seligman Ventures is led by managing partner Umesh Padval, an investor, former public company CEO and board member, and an entrepreneur. He is joined by MP Ashish Kakran and Eddie Ackerman, who serve as chief financial officer and operating partner. 

Seligman is part of Columbia Threadneedle Investments’ alternatives business and manages about $30 billion of public and private market technology and healthcare investments across mutual funds, hedge funds and separately managed accounts.