At a glance
- The Deal Book also describes LPL and broker-dealer rivals pushing deeper into RIA M&A.
- The week's Form D filings included two new vehicles with no sales to report.
- Three Duke Capital Partners series — 2609A, 2609B and 2609C, each a series of V360 Holdings LLC — reported $321,000, $1.1 million and $530,000 sold, about $1.95 million in total.
Third-quarter RIA deal volume fell 17% from a year earlier, according to DeVoe & Company's Q3 2026 Deal Book, while sellers with more than $5 billion in assets already set a full-year record.
LPL Financial has bought more than 75 practices since 2021, the Deal Book says. That works out to about 15 practices a year if the deals were spread evenly. The Deal Book also describes LPL and broker-dealer rivals pushing deeper into RIA M&A.
Filed, not yet sold
The week's Form D filings included two new vehicles with no sales to report. Coatue filed for CT 181 LP, a private equity fund, with an undisclosed offering amount and no sales reported as of the Oct. 20 filing. Eclipse SPV XXXVII, L.P., a venture capital fund, filed the same day for a $10 million offering with nothing sold.
Three Duke Capital Partners series — 2609A, 2609B and 2609C, each a series of V360 Holdings LLC — reported $321,000, $1.1 million and $530,000 sold, about $1.95 million in total. Dream SPV Micro1 2 LLC, an other investment fund, reported $7.5 million sold against an undisclosed offering amount, with a first sale on Oct. 9.
Dollars sold so far by the week's Form D filers
Two vehicles filed with nothing sold; one SPV accounts for most of the money raised
- Dream SPV Micro1 2$7.5M
- Duke Capital Partners 2609B$1.1M
- Duke Capital Partners 2609C$530K
- Duke Capital Partners 2609A$321K
- Eclipse SPV XXXVII$0
- Coatue CT 181$0
Show as table
| Item | Value ($) |
|---|---|
| Dream SPV Micro1 2 | $7.5M |
| Duke Capital Partners 2609B | $1.1M |
| Duke Capital Partners 2609C | $530K |
| Duke Capital Partners 2609A | $321K |
| Eclipse SPV XXXVII | $0 |
| Coatue CT 181 | $0 |
Reported by the Deals & PE desk from DeVoe & Company Q3 2026 Deal Book, as reported by Private Wealth Daily, SEC EDGAR Form D filings and SEC EDGAR Form D filings. Published . Corrections