Key facts
- AI crypto project iDEGEN secured $20.4 million in funding.
- DSV, a hedge fund focused on the Bittensor network, is seeking $20 million in private investment.
- Houlihan Lokey is acquiring Intrepid Financial Partners, an energy sector advisory firm.
The AI crypto project iDEGEN has successfully raised $20.4 million in funding, amidst a backdrop of market optimism that has been indirectly influenced by political sentiment surrounding Donald Trump. Separately, DSV, a hedge fund concentrating on the machine learning Bittensor network, is seeking $20 million in private investment to bolster its operations. In a significant move within the financial sector, global investment bank Houlihan Lokey has agreed to acquire Intrepid Financial Partners, LLC, a leading independent investment bank focused on the energy sector. This acquisition, expected to be completed before September 30, 2026, pending regulatory approval, aims to substantially grow Houlihan Lokey's coverage capabilities across the oil and gas industry. Intrepid, founded in 2015 by Hugh E. “Skip” McGee III and Christopher F. Winchenbaugh, has advised on over 120 energy sector transactions totaling more than $215 billion. Following the acquisition, McGee will join Houlihan Lokey as Managing Director and Global Chairman of Oil & Gas, while Winchenbaugh will serve as Managing Director and Global Co-Head of Oil & Gas alongside J.P. Hanson. The addition of Intrepid's 34 financial professionals will expand Houlihan Lokey's global Oil & Gas team to over 70 professionals.