BondBloxx Raises $27 Million in Latest Funding Round to Support Further Expansion of its ETF Platform [Yahoo! Finance]
MACQUARIE GROUP LTD S/ADR (MQBKY)
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Source: Yahoo! Finance
LARKSPUR, Calif., October 30, 2024 BUSINESS WIRE BondBloxx , a specialized provider of bond ETFs, today announced its latest capital raise of $27 million. The funding round was led by Macquarie Asset Management, which maintains its minority stake in the company, and also included participation from other new and existing financial investors. "This is an exciting time for the BondBloxx team and our clients as we continue our mission to transform the bond market through the power of ETF technology. This additional capital will help power the ongoing expansion of our fund lineup and allow us to further build out our client solutions team and technology platform," said Leland Clemons, Founder & CEO of BondBloxx. "Partnership with a firm like Macquarie also enables us to challenge the frontier of what is possible in asset classes like private credit." BondBloxx launched its first ETFs in February of 2022 and has since emerged as one of the fastest-growing independent providers of ETFs
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