GlobalBriefing
The DFX Briefing for October 15, 2026: Five advisors leave Truist Advisory Services for Captrust
6 developments across 3 markets, what changed in the numbers, and the latest DFX investigations.
The 6 developments
- 1Wealth managementCaptrust takes a second Truist team this year, a $3 billion group in Winston-Salem
5 advisors left Truist Advisory Services, Inc. and registered with Captrust on the same day, according to the SEC's investment adviser representative records (IAPD), with the move dated October 14, 2026. Over the past six months DFX has recorded 2 group moves into Captrust, one whole-firm absorption among them, bringing 23 advisors in all.
- 2Institutional allocatorsMainePERS approves $890 million across six commitments
The stated amounts total $890 million. Since July 9, 2026, the first meeting in DFX's records, MainePERS has voted 3 other commitments, $625 million: Brookfield Super-Core Infrastructure Partners ($300 million), WhiteHawk V Onshore Fund ($250 million), and GTCR Fund XV ($75 million).
- 3Institutional allocatorsSWIB reports $704 million in 10 hires made under delegated authority
The stated amounts total $754 million. DFX holds no earlier record of these commitments for State of Wisconsin Investment Board, and these materials record no board vote on them, so they are reported as hires made under that delegated authority and first disclosed here.
- 4Venture capitalMaxwell Power raises $800 million
Maxwell Power announced a round of $800 million on October 1, 2026. The round is larger than 99% of the 540 other venture rounds with a stated amount that DFX recorded from announcements in the past six months.
- 5Wealth managementAllworth Financial took in 20 advisors from two firms in three weeks this summer
10 of the 10 advisors registered at High Falls Advisors, Inc. re-registered with Allworth Financial, L.P. on the same day, according to the SEC's investment adviser representative records (IAPD), with the move dated September 30, 2026. Over the past six months DFX has recorded 3 group moves into Allworth Financial, L.P., all of them whole-firm absorptions, bringing 23 advisors in all.
- 6Venture capitalFission raises $10 million Series A led by Pantera Capital
Fission announced a Series A of $10 million on October 15, 2026, led by Pantera Capital. The round is larger than 29% of the 540 other venture rounds with a stated amount that DFX recorded from announcements in the past six months.
What changed this week
DFX calculationVenture rounds announced: 32 in the week of October 5, 2026, up 27% on the prior eight-week average of 25. Private equity deals announced: 35 in the week of October 5, 2026, down 23% on the prior eight-week average of 46.
The latest DFX investigations
- 1Wealth managementThe advisor migration: wirehouses lost 777 advisors to other channels in 90 days and recruited 466
DFX classified 5,640 recruiting moves in the SEC's advisor records by where advisors came from and where they went, after setting aside 730 bulk transfers and 415 moves between registrations of the same firm. LPL Financial led the net gains.
- 2Private credit$21 billion of BDC-held loans mature within a year, and BDCs pushed out 544 maturities in the quarter to June 30
723 borrowers, a back-loaded calendar peaking in July 2027, and 544 maturities pushed out in the latest quarter's schedules.
- 3Institutional allocatorsUp to $4.3 billion voted to private funds in six months at 15 US pension boards DFX tracks, 34% to infrastructure and energy
49 votes, each counted once, read from the boards' own materials.
Sources (11)
- SEC IAPD individual registration recordsOctober 14, 2026 · Cited by 1 claim
- MainePERS board materials, September 10, 2026Cited by 1 claim
- SWIB board materials, September 9, 2026Cited by 1 claim
- Maxwell Power announced Funding round of $800 release, October 1, 2026Cited by 1 claim
- SEC IAPD individual registration recordsSeptember 30, 2026 · Cited by 1 claim
- Fission announced Series A of $10 release, October 15, 2026Cited by 1 claim
- DFX records: Public plan board materials and minutesCited by 2 claims
- DFX records: SEC IAPD adviser registrationsCited by 2 claims
- DFX records: Venture round announcementsCited by 2 claims
- DFX records: PR Newswire and GlobeNewswire releasesCited by 1 claim
- DFX records: Press release wires and private equity firm news pagesCited by 1 claim
Read next
- Private equityTPG RE Bear I Co-Investment reports $500 million sold in a Form D filing
TPG RE Bear I Co-Investment, L.P. reports $500 million sold in its Form D. The filing dates the first sale to October 23, 2026, and classifies the partnership as a private equity fund.
- Wealth managementIMA Advisory Services absorbs 4 of TRG Investment Advisors' 6 advisors
In the six months to Nov 2, DFX recorded 2 group moves of two or more into IMA Advisory Services, bringing 6 advisors.
- Private equityJ.P. Morgan's private equity group opens Fund XIII with $518 million, 16% below where Fund XII started
Form Ds filed October 14 put Fund XIII at $518.5 million after a September 30 first sale, nearly all of it through two feeder funds. Fund XII started at $613.8 million and closed at $1.44 billion. J.P. Morgan has not announced Fund XIII or a target.
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