The latest offerings in investments, such as funds and structured products, and other notable developments.
Global venture capital firm GGV Capital yesterday said that it had closed the largest family of funds in its 20-year history, totaling $2.52 billion.
The committed capital includes $1.464 billion for GGV Capital VIII, LP, $366 million for GGV Capital VIII Plus, LP, $610 million for GGV Discovery III, LP, and $80 million for GGV Capital VIII Entrepreneurs Fund.
The 11 GGV portfolio companies have completed a number of public listings on the NASDAQ and New York Stock Exchange, such as Airbnb, Xpeng and DraftKings.
The managing partners of the new funds are Jixun Foo, Jenny Lee, Hans Tung, Glenn Solomon, Jeff Richards, and Eric Xu.
Golden State Wealth Management, an RIA with $2.0 billion of client money, has partnered with Consolidated Financial Management, a business located in Beaverton, Oregon.
Consolidated is run by Kristy Motta and Kari Raglione-Tissot.
Motta is an investment advisor representative in California, Texas and Oregon and has her Oregon state life, health and disability insurance license and her variable annuity license. Raglione-Tissot oversees analysis for financial plans and investment guidance. She is an investment advisor representative in California, Texas and Oregon.
Golden State was founded in 2013. The group’s family of companies are aligned with LPL Financial, Raymond James, TD Ameritrade and Charles Schwab.