Deals Of The Day: The Latest In Wealth Management M&A – Rise Growth Partners, Bleakley Financial Group

Editorial Staff

22 August 2024

Rise Growth Partners has taken a “strategic minority stake” in Bleakley Financial Group, a firm servicing almost $10 billion in advisory assets as of June 30 this year.

Earlier this year, Rise said it had received a $250 million investment commitment from Charlesbank Capital Partners, the private capital firm, to support its move to invest in RIAs.

"For a long time, we have considered bringing on a partner to accelerate our evolution into a nationally recognized firm. In Rise, we found a strategic partner with not only capital but also the expertise to expand a national firm that attracts top-tier growth-oriented advisors,” Andy Schwartz, principal at Bleakley, said.

Rise specializes in taking a non-controlling minority stake in minority firms.

Based in Boston and New York, Charlesbank Capital Partners is a middle-market private investment firm with more than $18 billion of capital raised since inception.

Recently, Family Wealth Report’s US correspondent Charles Paikert analyzed the merger and acquisition pattern in the North American wealth sector.