Who Just RaisedPlacement agents
The broker-dealer firms paid to sell private rounds, ranked by how many Form D offerings named them in the last 12 months. Firm names come from each filing's sales-compensation section; we never list individual salespeople.
| # | Firm | Offerings | Raised | Largest recent |
|---|---|---|---|---|
| 1 | SCA Development, LLC | 59 | $14M | Beltway Surgery Centers LLC, North Elam Ambulatory Surgery Center, LLC, Endoscopy Center of West Central Ohio, LLC |
| 2 | Performance Trust Capital Partners, LLC | 42 | $1.3B | DMMS Purchaser, Inc., Big Poppy Holdings, Inc., ServBanc Holdco, Inc. |
| 3 | H.C. Wainwright & Co., LLC | 40 | $642M | Lisata Therapeutics, Inc., Rani Therapeutics Holdings, Inc., Spruce Biosciences, Inc. |
| 4 | Piper Sandler & Co. | 29 | $1.14B | Mutual Bancorp, HBT Financial, Inc., Financial Institutions Inc. |
| 5 | North Capital Private Securities Corporation mostly real estate | 27 | $280M | Thompson Thrift 2026 Multifamily Development, LP, Acretrader 210, LLC, Acretrader 292 LLC |
| 6 | FNEX Capital, LLC mostly real estate | 25 | $298M | NLC Health Investors DST, Ponce Common Member, LLC, REVA Fountain Square 3 DST |
| 7 | Canaccord Genuity LLC | 24 | $486M | Entera Bio Ltd., Project Applecart LLC, Brazil Potash Corp. |
| 8 | Lighthouse Capital Group, LLC mostly real estate | 19 | $149M | NLC Health Investors DST, AEI Healthcare Portfolio VII DST, ExchangeRight Essential Income 14 DST |
| 9 | A.G.P/ Alliance Global Partners | 19 | $126M | FreeCast, Inc., CNS Pharmaceuticals, Inc., IceCure Medical Ltd. |
| 10 | Maxim Group, LLC | 18 | $394M | Quoin Pharmaceuticals, Ltd., SEALSQ Corp, Rani Therapeutics Holdings, Inc. |
| 11 | Peachtree PC Investors, LLC mostly real estate | 16 | $7.6M | PG Omaha Landmark DST, PG Manchester Industrial DST, PCF IV LO Savannah Side Car, LLC |
| 12 | Cantor Fitzgerald & Co. | 15 | $1.3B | Sharps Technology Inc., Brera Holdings PLC, Entera Bio Ltd. |
| 13 | Finalis Securities LLC | 15 | $82.6M | Smith Medical Holdings Inc., AblePay Health LLC, Orenda, Inc. |
| 14 | Haywood Securities (USA) Inc. | 13 | $88.4M | Coelacanth Energy Inc., Bunker Hill Mining Corp., Arras Minerals Corp. |
| 15 | Metric Financial, LLC mostly real estate | 12 | $37.9M | DX SB Industrial I DST, Promenade Pointe DST, TT Dallas DST |
| 16 | Leerink Partners LLC | 11 | $1.52B | Lisata Therapeutics, Inc., Sensei Biotherapeutics, Inc., Galecto, Inc. |
| 17 | Stifel, Nicolaus & Company, Incorporated | 11 | $326M | Immunic, Inc., WhiteHawk Minerals Corp., Notre Dame Federal Credit Union |
| 18 | Emerson Equity LLC mostly real estate | 11 | $152M | Docspot (1-4) LLC, Doc GPT (1-4) LLC, WorkPerks (1-13), LLC |
| 19 | Realta Equities, Inc. | 11 | $40.2M | Canyon State Minerals LLC, LCW Woodie's Portfolio I TIC, LLC, Wolf Fork Minerals, LLC |
| 20 | Marco Polo Securities Inc. | 11 | $14.9M | Talisker Resources Ltd., Eloro Resources Ltd., Silver X Mining Corp. |
| 21 | Cormark Securities (USA) Limited | 10 | $19.7M | Silverco Mining Ltd., Fredonia Mining Inc., Gold Strike Resources Corp. |
| 22 | Brean Capital, LLC | 9 | $190M | Kish Bancorp Inc., Fundworks, LLC, Freedom Bancorp, Inc. |
| 23 | Orchard Securities, LLC mostly real estate | 9 | $4.8M | Melrose II S TIC, LLC, Secure Net Lease Industrial II, DST, LSC-Fort Washington MD, DST |
| 24 | Liquidity.io, LLC | 9 | $102K | Morning Line Racing LLC, Morning Line Racing LLC Series BYNT, Morning Line Racing LLC Series BYBRN |
| 25 | Goldman Sachs & Co. LLC | 8 | $1.3B | Lightning AI, Inc., Wonder Group, Inc., Bending Spoons S.p.A. |
| 26 | Raymond James (USA) Ltd. | 8 | $171M | Rio2 Ltd, Cambria Gold Mines Inc., Rua Gold Inc. |
| 27 | Roth Capital Partners, LLC | 8 | $142M | Coelacanth Energy Inc., Brazil Potash Corp., Bunker Hill Mining Corp. |
| 28 | Paulson Investment Company, LLC | 8 | $42.7M | CytoDyn Inc., NBO Pharma Inc., Cresilon, Inc. |
| 29 | Ceros Financial Services Inc. | 8 | $36.1M | Momentis Surgical Ltd., Potrero Medical, Inc., OS Therapies Inc |
| 30 | Carty, Harding & Hearn, Inc. | 8 | $33.6M | Scenic Hill Solar LXII, LLC, Scenic Hill Solar LXI, LLC, Scenic Hill Solar LX, LLC |
| 31 | Arkap Markets, LLC mostly real estate | 8 | $18M | Otis Holdco LLC, June DST Holdings, Heron DST Holdings |
| 32 | Lifesci Capital | 7 | $1.11B | Lisata Therapeutics, Inc., Galecto, Inc., Entera Bio Ltd. |
| 33 | Raymond James & Associates, Inc. | 7 | $297M | Climb Bio, Inc., WhiteHawk Minerals Corp., OneAZ Credit Union |
| 34 | Craig-Hallum Capital Group | 7 | $281M | Capstone Green Energy Holdings, Inc., Spire Global, Inc., Creative Realities, Inc. |
| 35 | D.A. Davidson & Co. | 7 | $195M | Spend Life Wisely Company, Inc., Hanmi Financial Corp., First Ottawa Bancshares, Inc. |
| 36 | Dawson James Securities, Inc. | 7 | $72.4M | T3 Defense Inc., Safe & Green Development Corp, RenX Enterprises Corp. |
| 37 | Odeon Capital Group LLC | 7 | $58.9M | 1406681 B.C. Ltd., Zapata Quantum, Inc., InterTrade Direct LLC |
| 38 | Research Capital USA Inc. | 7 | $55.9M | Goldgroup Mining Inc., Libertystream Infrastructure Partners Inc., Dolly Varden Silver Corp. |
| 39 | Paradigm Capital U.S. Inc. | 7 | $33.9M | Revival Gold Inc., C3 Metals Inc., Freegold Ventures Ltd. |
| 40 | The Champion Group, Inc. | 7 | $25.6M | Live Oak Deep 3-D Joint Venture, Sabine Valley Resource Development Joint Venture - First Amended, Louisiana 2 Well Development Joint Venture |
| 41 | Noble Capital Markets, Inc. mostly real estate | 7 | $4.6M | 37360NSR-AZ, LLC, 1784 UK Holdings 3 Stratford OV, LLC, Toms River Self Storage Partners, LLC |
| 42 | Inland Securities Corporation mostly real estate | 7 | $3M | Inland Self-Storage Portfolio XXII DST, Inland Mokena Senior Living DST, Inland Student Housing Portfolio DST |
| 43 | Keefe, Bruyette & Woods, Inc. | 6 | $685M | Parkway Bancorp Inc., DMMS Purchaser, Inc., Northrim Bancorp Inc. |
| 44 | Aegis Capital Corp. | 6 | $444M | Sharps Technology Inc., Super League Enterprise, Inc., Focus Universal Inc. |
| 45 | Lucid Capital Markets | 6 | $431M | SharonAI Holdings Inc., Velo3D, Inc., Noble Africa LLC |
| 46 | Univest Securities, LLC | 6 | $86.1M | Faraday Future Intelligent Electric Inc., Faraday Future Intelligent Electric Inc., PicoCELA Inc. |
| 47 | Vistia Capital mostly real estate | 6 | $42.9M | Pigeon Point Partners, LLC, Falcon Forge Partners, LLC, Sparrow Run Partners, LLC |
| 48 | Foreside Fund Services, LLC mostly real estate | 6 | $15.4M | Aspire La Jolla Class A, LLC, Aspire Steele Creek Class A, LLC, San Jose 27 North Class A, LLC |
| 49 | Digital Offering LLC | 6 | $9.3M | iPower Inc., GREENPOWER MOTOR Co INC., GREENPOWER MOTOR Co INC. |
| 50 | Hovde Group, LLC | 5 | $265M | BayFirst Financial Corp., Northrim Bancorp Inc., Shore Bancshares Inc. |
| 51 | Network 1 Financial Securities, Inc. | 5 | $151M | Deep Fission, Inc., Ionetix Corp / DE /, Matternet, Inc. |
| 52 | Laidlaw & Company (UK) Ltd. | 5 | $66M | Blue Laser Fusion, Inc., Palomino Laboratories Inc., Nasus Pharma Ltd |
| 53 | Sprott Global Resource Investments Ltd. | 5 | $60.9M | Carcetti Capital Corp., Valorem Resources Inc., Midland Exploration Inc. |
| 54 | Joseph Gunnar & Co., LLC | 5 | $48.7M | Kiwi Campus Inc, Matador Technologies Inc., Functional Brands Inc. |
| 55 | Dominari Securities LLC | 5 | $39.1M | XWELL, Inc., Mixed Martial Arts Group Ltd., Antimony Resources Corp. |
| 56 | Kingswood Capital Partners, LLC | 5 | $25M | Heat Safety Solutions, LLC Series 6, Heat Safety Solutions, LLC Series 7, Heat Safety Solutions, LLC Series 10 |
| 57 | Canaccord Genuity Wealth Management (USA) Inc. | 5 | $24.3M | Bunker Hill Mining Corp., White Gold Corp., Kingsmen Resources Ltd. |
| 58 | WealthForge Securities, LLC mostly real estate | 5 | $6.6M | PG Omaha Landmark DST, CS1031 Texas Active Living Portfolio I, DST, CS1031 Richmond Active Living Apartments, DST |
| 59 | Seaport Global Securities, LLC | 4 | $461M | Curaleaf Holdings, Inc., Deep Fission, Inc., Matternet, Inc. |
| 60 | The Benchmark Company, LLC | 4 | $241M | Gorilla Technology Group Inc., Deep Fission, Inc., Matternet, Inc. |
| 61 | Lake Street Capital Markets, LLC | 4 | $131M | Quoin Pharmaceuticals Ltd., VentureMed Group, Inc., Velo3D, Inc. |
| 62 | Chardan Capital Markets LLC | 4 | $46.5M | QumulusAI, Inc., QumulusAI, Inc., Zapata Quantum, Inc. |
| 63 | Ladenburg Thalmann & Co. Inc. | 4 | $33.6M | Dare Bioscience, Inc., Intelligent Bio Solutions Inc., Akari Therapeutics Plc |
| 64 | National Bank of Canada Financial Inc | 4 | $28.3M | Logan Energy Corp., Silverco Mining Ltd., AbraSilver Resource Corp. |
| 65 | Crews & Associates, Inc. mostly real estate | 4 | $26.7M | Princeton 88 LBC, LLC, Madelynn Meadows LBC, LLC, Longhorn Ph3 LBC LLC |
| 66 | Third Seven Capital LLC mostly real estate | 4 | $24.8M | Vinci Pharmaceuticals, Inc., FSX Industrial 34, DST, FSX Industrial 36 DST |
| 67 | Metropolitan Capital Investment Banc, Inc. mostly real estate | 4 | $21.4M | Blue Owl Real Estate Exchange V DST, Wolf Fork Minerals, LLC, BREX Net Lease Data Center I DST |
| 68 | WallachBeth Capital LLC | 4 | $15.8M | Tenon Medical, Inc., Tenon Medical, Inc., Healthcare Triangle, Inc. |
| 69 | Revere Securities LLC | 4 | $11.4M | McQueen Labs Inc., Meta Critical Minerals Inc., Green Circle Decarbonize Technology Ltd |
| 70 | Passco Capital, Inc. mostly real estate | 4 | $6M | Passco Riverside DST, Passco Allure DST, Passco Toscana DST |
| 71 | H & L Equities, LLC | 4 | $1.4M | PIMCO Asset-Based Lending Co LLC, Apollo Asset Backed Credit Co LLC, LPC REIT 207 Fords Prairie, LP |
| 72 | Skyway Capital Markets, LLC mostly real estate | 4 | $850K | Poseidon Marine Mechanics, LLC, FG Communities Candler Indian Creek DST, Revelry Tempe, LLC |
| 73 | Preferred Capital Securities, LLC mostly real estate | 4 | $0 | South Coast Ivy Walk DST, Carlton at Greenbrier DST, Aspire West End DST |
| 74 | Jefferies LLC | 3 | $669M | Wonder Group, Inc., Galecto, Inc., Veradermics, Inc |
| 75 | Morgan Stanley & Co. LLC | 3 | $594M | Fluidstack Ltd, Cover Genius Holdings, Inc., Corvex, Inc. |
| 76 | J.P. Morgan Securities LLC | 3 | $481M | Wonder Group, Inc., Infleqtion, Inc., HPS Real Assets Lending Co LP |
| 77 | TD Securities (USA) LLC | 3 | $473M | National Fuel Gas Co., DealerCue Automotive Corp., Verrica Pharmaceuticals Inc. |
| 78 | Morgan Stanley Smith Barney LLC | 3 | $205M | Blank Street Inc., Zum Services, Inc., HPS Real Assets Lending Co LP |
| 79 | Btig, LLC | 3 | $164M | Climb Bio, Inc., Quoin Pharmaceuticals Ltd., Conavi Medical Corp. |
| 80 | Academy Securities, Inc. | 3 | $157M | Cig DS1, LLC, Cig DS1, LLC, Cig CS4, LLC |
| 81 | American Alternative Capital, LLC mostly real estate | 3 | $145M | NLC Health Investors DST, Vital Capital Medical - Temple TX DST, ERP 1031 Industrial Portfolio IV DST |
| 82 | Needham & Company, LLC | 3 | $137M | Navitas Semiconductor Corp, Ampera, Inc., Grabit Interactive Media, Inc. |
| 83 | Madison Global Partners, LLC | 3 | $113M | General Fusion Inc., authID Inc., authID Inc. |
| 84 | Stern Brothers & Co. | 3 | $95.7M | Cig DS2, LLC, Cig CS3, LLC, Cig CS2, LLC |
| 85 | Loop Capital Markets, LLC | 3 | $75.6M | Midwest BankCentre, Inc., Midwest BankCentre, Inc., Bally's Chicago, Inc. |
| 86 | Great Point Capital LLC | 3 | $53.3M | Solidion Technology Inc., DX SB Industrial I DST, Inwood Minerals LLC |
| 87 | Supervision Partners LLC | 3 | $52.1M | Allyx Therapeutics, Inc., Vinci Pharmaceuticals, Inc., Pleopharma, Inc. |
| 88 | ThinkEquity LLC | 3 | $40.6M | XTI Aerospace, Inc., Valkyrie Sciences Holdings LLC, Regentis Biomaterials Ltd. |
| 89 | 1031 Securities, Inc. mostly real estate | 3 | $25.4M | Canyon State Minerals LLC, DX SB Industrial I DST, MCI Exchange Bellagio A Series DST |
| 90 | AltAccess Securities Company, L.P. | 3 | $19.2M | Beneficient, Beneficient, Beneficient |
| 91 | E.F. Hutton & Co. | 3 | $18M | Shuttle Pharmaceuticals Holdings, Inc., iSpecimen Inc., iSpecimen Inc. |
| 92 | Beacon Securities US Limited | 3 | $16.7M | Helius Minerals Ltd, AbraSilver Resource Corp., Valkea Resources Corp. |
| 93 | Concorde Investment Services, LLC mostly real estate | 3 | $15.9M | BREX Net Lease Industrial I DST, IREX IV Industrial Portfolio DST, BREX Net Lease Data Center I DST |
| 94 | Cedar Point Capital, LLC | 3 | $6.5M | EmpNia Inc., Dosentrx Ltd., Reprise Biomedical, Inc. |
| 95 | Fm Global Markets Inc. | 3 | $5.8M | Northfield Capital Corp., KALA BIO, Inc., Bullfrog Gold Corp |
| 96 | 303 Alternative LLC mostly real estate | 3 | $5.1M | Timber Club Member, LLC, Banner Apollo 30TH Street Holding, LLC, Quincy Station Member, LLC |
| 97 | Huidong International Inc. | 3 | $5M | Jiangsu Huidian Food Co., Ltd, JCK (Jck) Ltd., Dume |
| 98 | Tobin & Company Securities LLC mostly real estate | 3 | $4.8M | Tonto Oaks FundCo, LLC, Caliber HS Tsmc Fundco, LLC, Caliber HS Steamboat FundCo, LLC |
| 99 | WestPark Capital, Inc. | 3 | $4.3M | Shuttle Pharmaceuticals Holdings, Inc., Pangia Biotech, Inc., JWCM Vivian, DST |
| 100 | Chauner Securities, Inc. mostly real estate | 3 | $3.5M | Project Edison 55 at Dripping Springs LLC, ARCTRUST Exchange DST, Project Edison 55 at Dripping Springs LLC |
Most private rounds use no placement agent; this list covers those that did. Amounts are as reported in each filing.