The Cynosure Group related stories
All articles and analysis
Prumentum Group raises $25 mln from family officesThe Prumentum Group, which provides wealth management services, announced it has $25 million in Series A funding from family offices, including the Fremont Group and the Cynosure Group. As part of its launch, Prumentum Group also announced the acquisition of a significant equity stake in Plancorp LLC, a registered investment advisory that already has $3.6 billion in assets. The Prumentum Group was founded by former Cisco executive Marthin De Beer and serial entrepreneur Robert Wallace.
- New private equity firm Cynosure launches
The Cynosure Group, a new private equity firm in Salt Lake CIty, has opened. Cynosure will focus on small and medium-sized companies that have solid management and "good cash flow." The firm is being led by Randal K Quarles, former Under Secretary in the Treasury under President George W. Bush and managing directors Spencer P. Eccles and Herbert E. Scruggs.