Rise Growth Partners Announces $250 Million Commitment From Charlesbank Capital Partners
02.01.24
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Simpson Thacher is representing funds managed by Charlesbank Capital Partners (“Charlesbank”) in connection with its $250 million commitment to Rise Growth Partners (“Rise”) to acquire significant minority stakes in select registered investment advisory (RIA) firms.
Once invested, Rise will provide these firms with growth capital, hands-on operational guidance and acquisition expertise to fuel their evolutions into the next generation of national wealth management platforms. Rise will focus on acquiring stakes in high-growth RIAs with assets under management ranging from approximately $1 billion to more than $5 billion. Rise intends to announce its select group of initial partner RIAs over the course of 2024.
The Simpson Thacher team for the transaction includes Lou Argentieri, Marni Lerner and Simon Teich (M&A); David Rubinsky, Meredith Brenton and Guanxiong Xu (Executive Compensation and Employee Benefits); and Sophie Staples and Lina Pan (Tax).