Charlesbank commits $250m to Rise Growth Partners

Feb 2, 2024 | News

According to a press release, the capital from Charlesbank and Rise’s management combined will go towards the acquisition of significant minority stakes in select RIA firms. Rise will focus on high-growth RIAs with AUM between $1bn to more than $5bn.

Following investment, Rise intends to provide these firms with growth capital, operational guidance and acquisition expertise to fuel their development into “the next generation of national wealth management platforms”.

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In a statement, David Katz, Managing Director at Charlesbank, said: “Rise offers a unique value proposition grounded in the leadership team’s extensive industry and growth experience, its partnership culture, and its differentiated investment process. We are very much looking forward to supporting them as they help emerging, growth-minded wealth management firms reach the next level.”

Source: Private Equity Wire

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