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”.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
Source: Private Equity Wire
Can’t stop reading? Read more
Blackstone taps bond market as private credit BDCs end issuance drought
Blackstone taps bond market as private credit BDCs end issuance drought Blackstone's private...
EQT raises the stakes with revised $12.3bn bid for Intertek
EQT raises the stakes with revised $12.3bn bid for Intertek EQT has tabled an improved takeover...
Temasek’s Azalea bets on evergreen structure to democratise private equity access
Temasek's Azalea bets on evergreen structure to democratise private equity access Azalea, a unit...