The latest corporate deals, transactions and acquisitions in the North American wealth management industry.

Sanctuary Wealth, which has expanded its network with a number of company additions in recent weeks, yesterday said it has closed a $175 million investment from Kennedy Lewis Investment Management. 

The firm will use the new funds to drive its M&A strategy and organic growth of its partner firms, Sanctuary said in a statement this week. 

“Kennedy Lewis is the ideal partner to help us write the next chapter of Sanctuary Wealth’s story,” Jim Dickson, CEO and founder of Sanctuary Wealth, said. “Our acquisition strategy will further establish Sanctuary Wealth as an M&A leader in the independent advisory space.”

Sanctuary has been busy since its launch in 2018. As announced a few days ago, it invested in GoalPath Solutions, a firm based in Overland Park, Kansas. Earlier in July it welcomed Marriott Wealth Advisors. The business, which focuses on retirement planning, is based in Hot Springs Village, Arkansas.

Advisor Growth Strategies served as Sanctuary Wealth’s exclusive financial advisor on the transaction, while Kilpatrick Townsend & Stockton LLP served as its legal counsel.