The Firm recently represented funds managed by The Carlyle Group in its minority investment in CAPTRUST Financial Advisors, at a valuation of over $3.7 billion. The capital will be used by CAPTRUST to pursue strategic inorganic growth opportunities.
CAPTRUST provides investment management, financial planning, estate planning, and tax advisory and compliance services for individuals and families and oversees more than $832 billion in assets, including just over $688 billion in nondiscretionary assets under advisement and just over $143 billion in discretionary managed account assets (as of June 30, 2023).
The Simpson Thacher team includes Ravi Purushotham, Michael Chao, Daniel Lee, Benjamin Blinken and Steven Jeffries (M&A); Nancy Mehlman, Benjamin Rippeon, Jacqueline Clinton and Matthew Lester (Tax); Andrew Blau and Meredith Brenton (Executive Compensation and Employee Benefits); Christopher Healey, Meredith Abrams and Lawrence Ekin (Investment Advisory/Broker Dealer); Erica Rozow and George Gerstein (ERISA); Brian Steinhardt and Chun Baak (Banking and Credit); Richard Jamgochian and Peter Guryan (Antitrust); Alysha Sekhon (Intellectual Property); and Steven DeLott (Insurance).