Financial services

AMP Capital and PSP Investments to exit Alpha Trains

Australia's AMP Capital and Canada's PSP Investments have agreed to sell their stakes in Alpha Trains, a European rolling stock leasing company.

Periscope Equity invests in Welfare & Pension Administrative Service

The company represents the firm's fifth platform investment out of its debut fund.

TIG Advisors takes minority stake in Arkkan Capital

TIG Advisors has acquired a minority stake in Hong Kong-based Arkkan Capital, an alternative asset manager.

Oakhill, Genstar-backed Mercer Global acquires Rowland Carmichael Advisors

Tim Rowland and David Carmichael formed RCA in 1986.

Lafayette Square snags $100m from Morgan Stanley

Morgan Stanley has provided $100 million to Lafayette Square, a minority-owned investment platform.

WPCG and HGGC-led investor group provide funding to Merit

Georgia-based Merit Financial Group, a hybrid registered investment advisor, has secured an undisclosed amount of funding.

PE-backed Mercer Advisors buys McGee Wealth Management

Mercer Advisors, which is backed by Oak Hill Capital and Genstar Capital, has acquired Portland, Oregon-based McGee Wealth Management, a wealth management firm.

Century Equity Partners to acquire Hancock Claims

Century Equity Partners has agreed to acquire Hancock Claims, a property and casualty inspection business.

GTCR-backed CAPTRUST buys MRA Associates

CAPTRUST Financial Advisors has acquired Phoenix-based MRA Associates, a provider of investment advisory, wealth management, and tax consulting for private clients and institutions.

PE-backed Mercer Advisors buys Atlanta Financial Associates

Mercer Advisors, which is backed by Oak Hill Capital and Genstar Capital, has acquired Atlanta Financial Associates, a wealth management firm in Atlanta.