Golden Gate Capital completed an investment in Parallel Advisors.

Golden Gate Capital, a private equity firm, completed an investment in Parallel Advisors, a wealth management firm. Financial terms were not disclosed. “Parallel has demonstrated an impressive trajectory of both organic and inorganic growth, underscored by a holistic platform approach and full array of wealth services offerings. We believe the firm is well-positioned to continue this momentum through the execution of its strategic plan, which includes a significant increase in organic growth as well as further M&A activity, and are thrilled to support C.J. and the rest of the Parallel management team on these initiatives in the coming years,” Dan Haspel, Golden Gate Capital Managing Director.