Placemark acquisition gives exit to RBC Venture Partners
Envestnet Inc (NYSE: ENV) recently closed its acquisition of Placemark Investments Inc for US$66 million. Based in Dallas and Boston, Placemark is a developer of unified managed accounts programs for banks, broker-dealers and registered investment advisory firms. The transaction has provided exits to the company's investors, which include RBC Venture Partners, the venture capital investment arm of Canadian bank RBC. Placement's other backers have included U.S. venture capital firms Flybridge Capital Partners and North Hill Ventures.
15 October 2014•4 mins read
