Announced
Completed
Financials
Tags
Minority
retirement consulting
Asset Managers and Custodians
Completed
financial planning
Single Bidder
wealth management
United States
Acquisition
Private Equity
Friendly
advisory services
Private
investment services
Domestic
Synopsis
GTCR, a private equity firm, completed the acquisition of a 25% stake in CAPTRUST Financial Advisors, an asset manager and investment advisor, for $313m. "We see great potential in the independent RIA space and believe that CAPTRUST is uniquely positioned to continue its extraordinary growth trajectory through the current market conditions and beyond. They have a history of being aggressive when markets are uncertain, so this is an ideal time to partner with Fielding and his deep bench of talented professionals," Collin Roche, GTCR Managing Director.
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