Carlyle takes minority stake in advisor-owned Prime Capital
1 report, 1 independent
Updated Mon 00:00
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What happened
Carlyle invested a minority stake in Prime Capital, a firm based in Kansas. Prime Capital is an advisor-owned business that has grown from $2.5 billion to $52 billion. The investment follows a recent recapitalization of the firm, during which Abry Partners exited its previous minority investment.
From wealthmanagement.com
Why it matters
The investment highlights the increasing role of private equity in the registered investment advisor industry. Prime Capital maintains that 95% of its assets under management are handled by advisors who own equity in the firm.
From wealthmanagement.com
Who's involved
- CarlyleTook a minority stake in Prime Capital